What Is Garage Keepers Insurance?
Automotive service centers can be held responsible for any damage that customers’ vehicles sustain while in the care of the garage. This risk can present a significant liability once the total value of a parking lot full of vehicles is calculated. To help protect against this potential risk, service centers in Massachusetts can purchase garage keepers insurance.
Garage keepers insurance is a somewhat narrowly defined form of commercial insurance that’s generally useful to automotive service centers and similar businesses. It’s a type of liability insurance.
Like most other liability insurances, garage keepers will normally help pay court costs, other legal fees and settlements associated with covered claims. Moreover, the insurance usually begins paying on a covered claim when the claim is filed and before the case is ultimately settled.
What Businesses in Massachusetts Is Garage Keepers Liability For?
Many Massachusetts businesses that are entrusted with customers’ vehicles may find garage keepers liability to be a useful protection. Some specific examples of automotive service businesses that might need or want this coverage include:
- Automotive dealerships that maintain service centers
- Independent automotive service centers
- Gas stations that have garages and mechanics
- Automotive body shops
- Automotive glass installation and repair centers
- Quick lube and oil change garages
- Tow truck businesses
- Automotive painting specialists
- Automotive audio system installation specialists
Additionally, valet businesses frequently also should consider garage keepers coverage. Even though valets don’t perform maintenance or repairs, they’re still entrusted with vehicles and might be held liable if anything happens to a vehicle that’s in their care.