What You Need to Know About Garage Dealers Insurance

Learn The Facts About Garage Dealers Insurance No matter if you own a car dealership or an auto repair shop, there are specific risks of running your business. Since you are responsible for the vehicles that come into your business, it is important to make sure that you have the right amount of coverage to protect you from any incident. Investing in the right garage dealers insurance policy can help to make sure that you have the protection that you deserve. Garage dealers insurance, also known as garagekeepers liability has various coverage options to choose from that will work to make sure that your business has the right amount of protection that is specific to your business. There are three main coverage options to consider when looking for the right garagekeepers policy, including:

1. Direct primary – which will provide coverage for any customerâ's vehicle, no matter the liability. If a loss occurs that was not caused by your company, such as theft or weather loss, even though the vehicle had adequate liability insurance, the direct primary garagekeeper will have to pay.
2. Legal liability – as the most common type of garagekeepers insurance, legal liability will provide coverage for the customerâ's vehicle after it is damaged due to your companyâ's negligence, such as if the vehicle was left unlocked and unattended after hours or if it is crashed during a test drive by an employee.
3. Direct excess – even though this is the best option, it is the least used. Direct excess will provide protection to your company for any damage that is done to a customerâ's car no matter the liability limits, just like direct primary coverage. However, in the event that the insured has no liability, the policy will only pay the excess of any other collectible insurance.

For all of your Northern California garage dealers insurance needs, contact Cook, Disharoon & Greathouse in Oakland, California.