What is garage keepers insurance?
Auto service centers assume significant liability whenever they take custody of a customer’s vehicle, and that potential liability only multiplies with each vehicle that’s kept at a center. Should a single car be damaged in a burglary or many trucks be damaged in a hail storm, a service center might be held financially responsible for all necessary repairs. Garage keepers insurance may help service centers in Massachusetts guard against this sort of risk.
Garage keepers insurance is a specialized coverage for auto service centers and similar businesses. It generally protects against damage to customer vehicles while they’re at a service center.
Which businesses in Massachusetts should consider garage keepers liability insurance?
Any Massachusetts business that keeps customer vehicles on its premises may want garage keepers liability insurance. This is often a good way to insure non-owned vehicles stored on a business’ property.
Since many businesses in the automotive industry have customer vehicles on their premises, this coverage is purchased by an array of businesses. For example, the following might include the coverage within a customized insurance policy:
- New car dealerships with service centers
- Rapid oil change service stations
- Independent mechanics and garages
- Tow truck operators, and police departments that tow
- Trucking companies that manage non-owned equipment
- Depots where semis and/or trailers are parked
Additionally, valet parking services might also require garage keepers liability insurance, depending on the specific details of their operation.
In the case of a tow truck operator or police department, claims might be covered when non-owned vehicles are parked or being towed. An insurance agent who’s specialized in garage keepers liability can help businesses check exactly when a policy’s coverage is in effect.