Garage Keepers Insurance protects businesses that offer vehicle storage, repair, or service around Farmville, VA. This type of coverage is essential for automotive companies to safeguard customer vehicles against potential damages or losses while in their care.
Understanding Garage Keepers Insurance
Garage Keepers Insurance covers various risks, including fire, theft, vandalism from criminals, and destruction from the weather. Without this coverage, automotive businesses could face significant financial liability if a customer’s vehicle is damaged or stolen while in their possession.
Types of Coverage
Garage Keepers Insurance offers three types of safety coverages: direct access, direct primary, and legal liability.
Direct access coverage is similar to direct primary but only occurs after the customer’s insurance has been paid out. This means the business’ Garage Keepers Insurance will cover any remaining costs that exceed the customer’s policy limits.
Direct primary coverage protects customer vehicles regardless of liability. This means the policy will cover vehicle damages even if the business is not at fault. Businesses often prefer this type of coverage because it offers more protection and keeps the peace.
Legal liability coverage protects businesses if they are legally liable for damage to a customer’s vehicle. If the company is found negligent, the policy will cover the damages.
Benefits for Automotive Businesses
Having Garage Keepers Insurance provides financial protection and peace of mind. It helps maintain customer trust by ensuring that their vehicles are covered in case of damage or loss. It also allows the business owner to focus more on getting the car fixed and returned to the owner.
Gantt Agency Is There For You
Gantt Agency is here for you when you need insurance information. Our services are available at the Farmville, VA locations and surrounding areas. Call today.