What Is Garage Keepers Insurance

What Is Garage Keepers Insurance?

Garage keepers insurance is a type of insurance that provides coverage to businesses that store, repair, or service vehicles. This insurance can protect the business from financial losses in the event of damage to or theft of a customer's vehicle while it is in the business's care. Garage keepers insurance can also provide coverage for personal property of the customer that is stored in the vehicle.

Garage keepers insurance is typically required by law in most states. The requirements for coverage vary from state to state, so it is important to check with the state insurance department to determine the specific requirements in your state. In general, garage keepers insurance will cover the following:

Damage to or theft of a customer's vehicle while it is in the business's care
Personal property of the customer that is stored in the vehicle
Bodily injury to a customer or employee that occurs on the business's premises

The cost of garage keepers insurance will vary depending on the size of the business, the number of vehicles that are stored or serviced, and the location of the business. It is important to shop around and compare quotes from different insurance companies to find the best coverage at the best price. Garage keepers insurance coverage for computer operations, loss of earnings, release for user negligence, pollution, dishonesty of employees, and other optional coverages through endorsements are all available.

In addition to the basic coverage listed above, garage keepers insurance can also provide coverage for the following:

Towing and storage expenses
Legal expenses
Lost profits

Garage keepers insurance is an important type of insurance for businesses that store, repair, or service vehicles. This insurance can help protect the business from financial losses in the event of damage to or theft of a customer's vehicle.