Garagekeepers Insurance

If you have a car wash, repair shop, or towing company, you must have a garage keepers insurance quote. Garagekeepers insurance is an insurance type, especially for small auto businesses, that offers protection to you and your clients’ cars. This insurance is also known as storage location insurance, and it is designed to cover your customer’s care while in your care.

Garagekeepers Insurance

How Does it Work?

The way garagekeepers insurance works is quite similar to general liability insurance. It provides coverage for property damage and injuries to a third party caused by your business activities. But what makes garagekeeper insurance different is that other people’s property is part of the covered liability.

This means that if you have a garagekeeper insurance quote and there is damage to or loss of vehicles in your possession, your insurance can cover the cost. In other words, no matter the type of automobile you are working on, you still receive protection. This is why it is important to have this type of policy if you have an auto-based business.

What Does Garagekeepers Insurance Cover?

One of the perks of garagekeeper insurance is that it covers some things that a garage liability policy will not cover. Here are the situations where you can use your garage keeper’s insurance and file a claim:

  • Vandalism.
  • Fire.
  • Wind and hail.
  • Legal claims.
  • Theft.
  • Accidental damage.
  • Direct excess.

So, while you work and you come across any of the following and there are damages after, your policy and insurer can protect you.

What Does It Not Cover?

Even though you get coverage for your clients’ vehicles on-site, there are still some exclusions to this type of policy:

  • Radar detectors.
  • Faulty car parts.
  • Clients’ personal belongings are left in their vehicles.
  • Temporarily installed stereo equipment.
  • Promised commitment with dealers.
  • CDs and DVDs.
  • Theft by employees.
  • War damage.
  • Lack of warranty.

Poor workmanship and poor conditioning parts are not part of the coverage that garagekeepers insurance offers.

Who Needs a Quote?

This is one of the questions a lot of people are curious about. Well, it is not a type of quote that covers everything and every profession. In other words, if you fall into any of these categories, you need and can get a garage keeper insurance policy:

  • Auto glass installers.
  • Auto body shops.
  • Service stations.
  • Emissions testing sites.
  • Tow truck operators.
  • Detailers.
  • Vehicle detailing.
  • Interior restoration companies.
  • Carwash hubs.
  • Maintenance companies.
  • Oil change services.
  • Car dealerships.
  • Valet and parking services.
  • Independent mechanics.
  • Audio installers.
  • Parking garages and lots.

So, if you are working for an auto service company, you can purchase a garagekeeper’s insurance policy to protect your clients’ vehicles while working on-site.

How Much Does Garagekeeper Insurance Cost?

There is no fixed or constant price for getting a garagekeeper insurance policy. Nevertheless, the average cost of purchasing one is between $1,000 and $1,300 per year. However, remember that other factors can also affect the cost of getting a quote. These factors include:

  • Deductible amount.
  • Your revenue.
  • Business type (yours).
  • The type of vehicle you work on.
  • Coverage limit.
  • Location.

And the number of vehicles you keep on-site normally. Now that you have these in mind, you can see what insurers consider before giving you an estimate of the policy cost.

How to Choose the Best Garagekeeper Insurance

When you are searching for the best garagekeeper’s insurance policy to buy, without a doubt, you will come across various policy options. However, it is important that, before choosing, you juxtapose these coverage options. Moreover, make sure that you buy quotes with the same policy and coverage type. Nonetheless, here are the steps you need to take when shopping for the best insurance policy:

  • Look around for various deductibles and policy limits.
  • Ask for discounts.
  • Put together the necessary documents and information.
  • Put other business insurance types into consideration.
  • Think about a business owner policy (BOP).
  • Consider quotes from different insurance companies.

Whether you are getting this type of insurance as a part of a business owner’s policy or a standalone policy, you must compare the quotes from different insurance companies.

Best Garage Keepers Insurance Providers

Looking for an insurer or insurance company that can offer garage keepers insurance quotes is not that easy. There are a lot of platforms saying different things about these companies. But do not be discouraged. Besides, it is you who makes the final decision of choosing. So, if you need the best garage keeper insurance company, here are a few I suggest you try:

  • Nationwide.
  • The Hartford.
  • Next insurance.
  • Progressive.
  • CoverWallet.
  • Acuity Insurance.
  • Liberty Mutual.
  • Mylo.

With the above steps on how to choose the best garagekeeper’s insurance policy, you will be able to find the best and most reliable company to buy a quote from without hassle.