What Is Garage Liability Coverage

What Is Garage Liability Coverage?

Garage liability coverage is a type of insurance that provides protection for accidents that occur on your property, even if they are not related to your car. This coverage is typically included in homeowners insurance policies, but it can also be purchased as a separate policy.

Garage liability coverage can protect you from lawsuits if someone is injured or their property is damaged while they are on your property. For example, if someone slips and falls in your garage, or if your child's bike crashes into a parked car, garage liability coverage can help you pay for the victim's medical expenses or property damage.

The amount of coverage you need will depend on the size of your property and the activities that take place on it. If you have a large property with a lot of activity, you may want to consider purchasing a higher limit of coverage.

Here are some of the common benefits of garage liability coverage:

Protects you from lawsuits if someone is injured or their property is damaged while they are on your property
Covers a wide range of accidents, including slips and falls, and property damage
Can be purchased as a separate policy or added to your homeowners insurance policy

If you are not sure whether or not you need garage liability coverage, it is a good idea to talk to your insurance agent. They can help you assess your risks and determine the right amount of coverage for your needs.

What Does Garage Liability Coverage Cover?

Garage liability coverage typically covers the following:

Bodily injury liability: This coverage pays for medical expenses and other damages if someone is injured on your property.
Property damage liability: This coverage pays for repairs or replacement of property that is damaged on your property.
Legal defense costs: This coverage pays for legal fees if you are sued as a result of an accident on your property.

Some garage liability coverage policies also include coverage for lost income if you are unable to work due to an accident on your property.

Who Needs Garage Liability Coverage?

Anyone who owns a property should consider purchasing garage liability coverage. This coverage is especially important for people who have a lot of activity on their property, such as children or pets. It is also important for people who rent out their property, as they could be held liable for accidents that occur on the property.

How Much Garage Liability Coverage Do I Need?

The amount of garage liability coverage you need will depend on the size of your property and the activities that take place on it. If you have a large property with a lot of activity, you may want to consider purchasing a higher limit of coverage.

Most homeowners insurance policies provide at least $100,000 of garage liability coverage. However, you may want to purchase additional coverage if you have a large property or if you have a lot of activity on your property.

How to Get Garage Liability Coverage

You can get garage liability coverage by adding it to your homeowners insurance policy or by purchasing a separate policy. If you are not sure whether or not you have garage liability coverage, you should talk to your insurance agent. They can help you assess your risks and determine the right amount of coverage for your needs.

Garage liability coverage is an important part of protecting your property and your finances. By purchasing this coverage, you can help to ensure that you are protected from lawsuits if someone is injured or their property is damaged while they are on your property.