Garagekeepers coverage offers three options:
- Legal Liability covers mechanic's negligence: This means if your mechanic wrecks the car or you forgot to lock the car and it's vandalized, then you are covered.
- Direct Primary: This means your client's vehicle is protected, whether the damage is due to mechanic's negligence, theft that is not attributed to negligence, or extreme weather loss.
- Direct Excess: This coverage is basically the same as "direct primary" coverage. It protects the client's vehicle no matter who is at fault. The difference is that it is to be paid only in excess of any amount collectible under the owner’s policy if the insured cannot be held legally liable.
What does garage keepers insurance not cover?
- Any contractual obligations that the dealer or service station has
- Loss to stereo equipment that is not permanently installed
- Loss of CD's and DVD's
- Loss of CB’s, mobile radios, telephones or scanners unless they are permanently installed in the dash or console
- Radar detection equipment.
- If the vehicle is stolen by the insured
- Any defective parts
- Faulty work
What does a garage keepers insurance policy cover?
This policy is comprehensive, which usually means that anything other than collision or overturning the vehicle is covered. Check with our agents for more details on coverage.
How to figure how much garage keepers insurance you will need:
A: What is the average cost of the vehicles that you work on?
B: What is the average number of vehicles that you have in your shop at any given time?
Multiply A x B to get the total coverage that you need. So, if the average car is $25,000 and you have 7 cars on hand at any given time, then you will need a $175,000 garage keepers insurance policy.
Need a quote? We can help.
Contact your garage keepers insurance specialist at InsuranceHub right now. They will help you build a custom insurance policy to match your business requirements. And, the best part is that you can quickly and easily add or remove coverage to protect your clients' vehicles ASAP. Contact us today at (844) 846-8880 to schedule your free no strings garage liability insurance quote today