Arizona has 571,495 small businesses. If you own a company that is in the car service industry, there is specific coverage necessary. Garagekeepers insurance may be able to help.
An independent insurance agent has access to multiple markets so that you get affordable coverage. They will do the shopping for you at no cost. Get connected with a local expert for customized quotes today.
What Is Garagekeepers Insurance?
Garagekeepers insurance is for car-related industries. If you own a dealership, auto repair shop, and more, it's wise for you to have this policy. Check out what this commercial insurance policy covers:
- Garagekeepers liability insurance: Pays for the replacement or repair of your customers' vehicles. Any damage that may occur while they are in your care, custody, and control would be included under this policy. If you run an auto repair shop, this coverage will apply when you fix a customer's car or take it for a test drive.
How Much Is Garagekeepers Insurance?
Numerous risk factors determine the price of your business insurance policies. In Arizona, the insurance companies use personal data as factors for rating. You will have to obtain personalized quotes for your exact costs. Check out how carriers determine your garagekeepers insurance premium below:
- Your experience level as a business owner
- The type of business you run
- The amount of coverage you would need
- The value of customer vehicles at any given time
- Safety procedures in place for accessing customer vehicles
- Your loss history
- How long you've been insured
What Does Garagekeepers Insurance Cover?
An Arizona garagekeepers policy will provide insurance for several business types. These businesses will all be dealing with the care, custody, and control of customers' vehicles. Take a look at the kinds of industries garagekeepers insurance would apply to:
- Tow truck operators
- Quick lube shops
- Auto glass shops
- Auto body shops
- Auto repair shops
- Valet services
- Auto emissions sites
- Auto detailing shops
- Auto painting shops
- Auto sound installers
The types of damage that garagekeepers insurance will apply to:
Garagekeepers Insurance Limits
Your Arizona garagekeepers policy will have limits that you and your agent preselect. This amount will account for the number of customer vehicles you have in your possession at any given time. The coverage will be set to the maximum limit to cover your exposure.
If a claim occurs for damage to all the cars in your care, custody, and control, how will you pay the bill? Instead, use garagekeepers insurance to protect your finances from this type of loss. You'll have to decide what the limit needs to be set to and then adjust your policy accordingly.
What Doesn't Garagekeepers Insurance Cover?
All commercial insurance policies will have exclusions in some form. Garagekeepers is a very specific type of insurance that covers a particular type of claim. In general, there are standard exclusions that usually apply.
What your garagekeepers insurance won't cover:
- Bodily injury
- Property damage of a non-customer auto
- Business property
- Business equipment
- Inadequate workmanship
- Contents of your customers' vehicles
- Parts & labor
How to Connect with an Arizona Independent Agent
Your commercial insurance policies will make or break your operation. When you have the property of others in your possession, your risk exposure goes up. To protect your business from financial ruin, consider garagekeepers insurance.
An independent insurance agent will be able to run quotes based on your company's specifics. They work with several carriers so that you get the best policy for a fair price. Connect with a local expert on TrustedChoice in minutes.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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