The Difference Between Garage Liability Insurance and Garage Keepers Insurance

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Many confuse garage liability for garage keepers’ insurance and vice versa. Here is the difference between the two coverages explained.

Garage liability insurance is a specialty policy for auto dealers, mechanic shops, repair shops, tow truck operations and service stations. This coverage offers protection for work you perform to your customer vehicles. It also provides coverage for when you are driving your vehicles or your customers vehicles. Many people think general liability and garage liability are different coverages. General liability and garage liability are in fact the same coverage. Premises liability is included with a garage policy.

Garage keepers’ insurance offers protection in the instance a vehicle is damaged by theft, fire, vandalism, or collision that is in your care, possession, or control. This type of policy protects your customer’s vehicles when they are in your care custody and control. Garage keepers insurance is not required by law, however, it is an important coverage to consider as you can be held liable for damages.

Garage keepers’ insurance covers:

• Fire
• Theft
• Vandalism
• Collision
• Physical Damages

Dealer open lot insurance provides physical damage insurance coverage on your inventory you hold for sale. This coverage is similar to garage keepers but is specifically designed for auto dealers.

Who needs a garage liability insurance policy?

Any business that deals with road use vehicles, boats, and even non-registered vehicles requires a garage liability policy. This means that whether you are an auto dealer, service station, mobile mechanic, boat dealer or motorcycle dealer the coverage you will need falls under the umbrella of garage liability insurance. Some examples include:

• Auto dealer
• Powersports dealer
• Tire Shops
• Oil Change Shops
• Detail Shops
• Collision Shop
• Sound Repair Shop
• Upholstery Shop
• Glass Installation
• Paint Shop
• Service Station
• Emission Testing

It is also important that if you are an auto dealer in the State of Florida that you not only be insured, but bonded as well, to learn more about our auto dealer bonds check out our Florida Auto Dealer Bond options.

For more information on garage liability insurance

For a free no obligation garage liability or garage keepers’ insurance quote give us a call at (386) 734 3970.