Garagekeepers

If your business runs auto service stations or provides towing services, chances are high that you will need a Garagekeepers insurance policy. This policy will cover you in case of crime (ex: theft, vandalism), catastrophes (ex: fire, flood) and accidents (ex: collision, crash). It insures your customers’ vehicles while they are under your care for the services that you will be performing on them.

 

Depending on how your service is carried out, you might only need a fraction of this coverage or you might need a more than average garagekeepers policy. For instance, if your service does not include test-driving the vehicles that have just been repaired, you may not need to have the collision coverage. The comprehensive coverage will then take care of the other elements that might cause damage to your customers’ vehicles- water damage, fire etc.

 

As with the Dealer Open Lot policy, garagekeepers coverage is a case-by-case basis, ranging from per-vehicle-deductible to the type of coverage to include in the policy.