Those that own and operate vehicle repair shops, garages, towing companies, etc. are responsible for the repair and transport of vehicles owned by others. The owners of the vehicles that entrust them to others expect them to be kept safe and free from harm while in their care. Garage keeper insurance is designed to protect customer’s property and the business in the event of property damage.
Garage Keeper Insurance
Garage keeper insurance protects the owner of the facility in the event a customer’s vehicle is damaged while under the owners care. This insurance covers damage caused by fire, theft, and extreme weather conditions, as well as vandalism of the premises and contents.
Garage keeper insurance does not cover damage that might occur because of faulty workmanship or parts. It also does not include coverage for anything left in the customer’s vehicle, in either the glove compartment or trunk, nor does it cover stereo equipment of an aftermarket nature.
At the discretion of the garage owner, the policy may be extended to include personal property left in the vehicle. This endorsement, although not necessary to avoid liability exposure, is often taken as it has the benefit of bolstering the reputation of the garage at minimal cost to the owner.
Garage Liability Insurance
Garage keeper insurance is usually purchased with a liability policy; however, it is a separate policy.
Liability insurance is different; it covers bodily injury or damage to the customer’s property as a result of an accident that arises from the operation. Garage liability insurance protects the business owner in the event of third-party injury, damage caused by equipment that is owned by the garage, and parts used that causes damage to the vehicle.
There are subtle but significant differences between garage keeper and garage liability insurance. To ensure that you have adequate protection, both are needed. Visit Boardwalk Insurance Group, LLC for more info.
