If you have been looking for information on garage liability insurance you have found the right place. As you may have realized, there simply isn't that much information available on garage insurance, so at this site we will help you learn more about garage insurance coverage and the things you need to consider when selecting the best coverage plan.
Part of the problem with finding information on garage insurance is a matter of terminology. That is because garage insurance is easily confused with other insurance areas that apply to garages such as trash liability insurance. Still, a general rule of thumb is that if your business works with other people's cars in any way, you probably need garage insurance.
Also called motor trade insurance, garage insurance is liability insurance for garage owners and car dealerships. Garage insurance protects businesses from claims involving customer's automobiles while on business premises. That said, the term garage here refers to any automobile dealers, repair garages, service stations, storage garages, parking lots, valet services, and delivery and towing operations. Holman Insurance Brokers explains that garage insurance applies to liabilities involving "garage buildings, contents, stock and equipment, and automobile liability."
But there are also a number of limitations for garage insurance. Consider the following points from an article by LeRoy H. Utschig :• Garage insurance will not cover liabilities unless directly related to the garage or vehicles themselves. Other services may not be protected.
• Businesses purchasing garage insurance need to decide if they want auto dealer's liability coverage over customers while driving garage-owned vehicles.
• Large dealerships should be sure that they select the appropriate coverage limit so that their insurance plan covers storage at new lots.
For more information on garage insurance advice and specific cases see Utschig's article in The Rough Notes Magazine.
Finally we are left with the question, where do I go to find the best garage insurance coverage. Fortunately, we were able to locate one site that listed reviews for multiple garage insurance carriers, so be sure to check out Insurance Fundamentals. There you will find a directory of garage and commercial automotive insurance, but be warned that not all sites listed qualify as garage insurance carriers. Additionally, here are a couple of the best providers for you to include in your search. Both accommodate online quotes:
For more insurance information, please go over our website devoted to professional and liability insurance. We also have a website providing general details about the insurance industry.