Garage keepers insurance policies are written for companies who for part of their operations take possession of others vehicles, whether that be for auto repair, collision repair, repainting, auto sales with repair, etc. The policy has special coverages just for these types of operations, like GKLL which is coverage for the vehicles while in your possession as a bailee. The policies also usually include auto liability coverage for test driving these vehicles. Make sure you work with a broker to understand what you are buying, skipping any of these essential coverages could be disastrous.
In garage keepers insurance, "direct primary" refers to a coverage arrangement where the insurer is responsible for paying claims without requiring the insured party to exhaust other forms of insurance first. This means that if a vehicle is damaged or stolen while in the care of a garage keeper, the garage keepers policy will respond directly to the claim, providing coverage upfront. This type of policy is beneficial for businesses as it simplifies the claims process and reduces the financial burden on the garage keeper in the event of a loss.
Garage Keepers Legal Liability is primarily for an automotive repair shop with other people's vehicles in their Care, Custody and Control. Should a claim occur when this vehicle is in the shop's possession, it would be paid under this policy.
Garage keepers Insurance is Insurance for any comapny that works on people cars. Like, Auto Body Shops, Mobile mechanics, and so on, more info at http://garagekeepersinsurance.blogspot.com/
Yes, you can have an employee with an SR-22 on a garage keepers policy, but it may affect your insurance coverage and rates. An SR-22 indicates that the individual has had issues with their driving record, which could present a higher risk for the insurer. It's important to disclose this information to your insurance provider, as they may have specific guidelines or restrictions regarding employees with SR-22 status. Always consult with your insurance agent for tailored advice.
No, it would not cover damage of that nature. Garage Keepers insurance provides protection in case a vehicle is damaged by fire, theft, vandalism or collision.
Of course nobody has to have insurance, but it's always a good idea. Typically someone will request that you provide proof of insurance. If you have coverage for your mechanic shop, garage keepers coverage is an endorsement that extends coverage to the customers vehicle while in your possession.
depends on your state. In Texas it is around $7k
If you have wind and hail coverage on your policy and the detached garage is a covered structure on that policy then Yes, your policy would cover the damages.
Garage Keepers LiabilityThe type of coverage you need is a "Garage Keepers Liability" Insurance Policy. This Commercial Lines Policy is the appropriate insurance coverage for an Auto Repair Business and is widely available through most commercial underwriters.Just contact a local agent that offers commercial insurance in your area.Auto repair businessIt's important to make certain your policy covers: Products/Completed Operations Insurance for all completed work you perform on vehicles.Personal and Advertising Injury Insurance - In case you slander another firm in your advertising.Medical Expenses Insurance - In case a patron is injured on your premises.These coverages are all usually provided through a Commercial General Liability Insurance Policy.Best of luck with your businesses. Remember to compare quotes so you get the best prices and the best plan to meet your needs.
No, You'll have to seek coverage for the Car under you Auto Insurance Policy. Now if the garage door was damaged then your Homeowners policy may fix it if it is below your deductible.
If the motorcycle was inside the garage of the house, most likely it will be covered. Check your policy.
No. Vehicles are covered under an Auto Insurance Policy, Not a Home Insurance Policy.