Why an Annual Insurance Review Could Save You Thousands
When was the last time you reviewed your insurance policies? If you’re like many Californians, it’s easy to “set and forget” your coverage after purchasing…
Read more
Garage Keepers Insurance
If you run an auto repair shop, dealership, or any business that involves custody of customers’ cars, it’s crucial that you think about investing in garage keepers insurance. This type of coverage helps ensure that your business stays financially protected in the face of unexpected accidents.
What Is Garage Keepers Insurance?
Garage keepers insurance is a type of commercial auto insurance that protects car businesses against financial liability for damages or losses to vehicles that are under their custody or care. This type of policy covers businesses like:
- Auto repair shops
- Valet parking services
- Dealerships
- And more
Garage keepers insurance is different from a standard commercial auto insurance policy since it covers non-owned vehicles that businesses may have in their care.
Why Do You Need Garage Keepers Insurance?
If you’re still not sure whether you need garage keepers insurance, here’s why it’s essential for your business. First and foremost, garage keepers insurance protects your business from financial liability for damages and losses to your clients’ vehicles when they are under your care.
For instance, if a car is stolen from your repair shop or gets damaged in a fire, your business could be held responsible for the losses resulting from such incidents.
With garage keepers insurance, you won’t have to worry about paying out of pocket, as your insurance provider will take care of the costs up to your policy limit.
What Factors Determine How Much You Pay For Garage Keepers Insurance?
The factors that insurers consider when determining the cost of your garage keepers insurance policy depend on several factors, including the type of business, the number of cars that you have in your custody, the value of the vehicles, and the limit you choose. Other factors that affect your insurance premium include your location, your claim history, and your credit rating. The higher the risk your business poses, the higher your premiums will be.
Where Can I Get Garage Keepers Insurance Coverage?
If you’re shopping for garage keepers insurance, it’s essential to work with a reputable insurance provider that specializes in commercial auto coverage.
Experienced insurance agents can help you choose the right policy that fits your business’s needs and budget. Be sure to compare quotes from different providers, as premiums can vary widely among insurers.
Uniserv Insurance Services: Garage Keepers Insurance in Southern California
Garage keepers insurance is essential for businesses that handle customer vehicles. It provides financial protection against unexpected damages or losses that may occur while the cars are in your custody and control.
Whether you run a small garage or a large dealership, investing in garage keepers insurance can help safeguard your business’s reputation and financial stability.
Contact our experts at Uniserv Insurance Services to build a garage keepers insurance policy designed with your needs in mind.
Latest News
Insurance for Electric Vehicle Owners: What’s Different and Why It Matters
Switching to an electric vehicle (EV) is a smart choice for California residents looking to reduce their carbon footprint, save on fuel costs, and take…
Protecting Vacation Homes and Rental Properties in California
Owning a vacation home or rental property in California offers tremendous opportunities, from providing steady passive income to creating a personal retreat in one of…
The Insurance Challenges of Remote Work and How to Solve Them
Remote work has revolutionized the modern workforce, offering flexibility and freedom to individuals and businesses alike. However, this shift toward home-based work environments introduces unique…
Top 5 Reasons Californians Are Adding Umbrella Policies to Their Coverage
Living in California comes with exciting opportunities and incredible landscapes, but it also brings unique risks. From high-value real estate to increased exposure to lawsuits,…
How Insurance Can Help You Navigate California’s Extreme Weather Events
California’s diverse climate is both a blessing and a challenge. From its sunny coastlines to its snow-capped mountains, the state faces a range of extreme…
Contact Us
Whether you need a free quote or want to discuss your insurance needs, we are here to help. Fill out the contact form on this page and we’ll be in touch shortly.