Garage Keepers Insurance
If you run a towing service or an auto mechanic shop, you know that your customer’s vehicle is your responsibility the whole time it is in your possession. It means that you are responsible for it when it is towed, parked, or stored. To protect yourself from having to pay for the damage if something happens to your customer’s car in your garage, you will need garage keepers insurance. This coverage is optional, meaning the law doesn’t require it. However, when you have customers’ vehicles in your care or control on a regular basis, this coverage is essential.
Do You Need Garage Keepers Insurance?
If you have a business that requires your customers’ vehicles to be stored or parked while you are taking care of them, it’s the right coverage to have. With garage keepers insurance, your company will have better protection. This coverage will pay if your client’s car is damaged, vandalized, or destroyed while in your care. Even if someone crashes into your client’s car while it is in your garage, this coverage will save you.
Another coverage you should have with your garage keepers insurance is on-hook towing insurance. It will cover any damage done to your client’s car in the process of towing. Whether your driver gets into an accident or some other damage occurs to your client’s car, you’ll need coverage for their car. With these two policies, you can be sure your business is financially secure no matter what happens.
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Note: every policy is unique. Your coverage may vary based on the specifics of the individual policy that you choose to purchase.