Looking for coverage on your Auto Repair Garage or Dealership? AIP can write this coverage with many companies as either a stand alone policy or we can include some business property and write this as a business owners policy (or BOP). From the Private Passenger auto mechanic to those that works on big machinery or motorcycles, we can offer great rates for great coverage.
If you are looking for auto repair insurance, you have found the right place. We also have great rates for the used car dealerships and the Garage Insurance is defiantly a needed coverage for either type of business.
Each type of business requires different insurance coverage’s and the needs for each type of company vary from state to state and from each insurance company. The garage policy is not used for every carrier for every type of Garage risk, it just depends on your business and what types of carriers will cover you and how they will cover you.
The Garage Policy was originally designed to insure the risks associated with businesses which sell, service, store, or park vehicles designed for on road use.
The garage policy may provide coverage for:
- Auto Liability
- Commercial General Liability
- Physical Damage
- Other coverage’s can be offered, but it depends on each carrier.
Since these types of coverage are combined into one policy, it can be called a Garage Insurance Package, and may include the following:
- Garage Liability (Automobile Portion)
- Garage Liability (Non Auto Portion)
- Garage Keepers or Dealers Open Lot Coverage
Garage Keepers Insurance
This section covers the loss to a covered vehicle or equipment left in your care. When this insurance is on a ‘Legal Liability’ basis, claims will only be paid for the losses for which you are legally obligated to pay.
The “Auto Portion” of Garage Liability :
Damage to Customer Vehicles –This section of the garage policy pays for physical damage which your business caused to a customer’s vehicle. The auto portion usually has a deductible, normally $500 per vehicle.
The “Other Than Auto” Section of a Garage Policy:
This section of the Garage Policy would be similar to a Commercial General Liability Policy. This would provide insurance coverage for your business in the event a customer is injured on your business property.
Every policy is different and your individual needs and situation will impact the type of policy you will get and the coverage that will be offered.