What is garage keepers coverage in fleet insurance?

It covers customer vehicles in your care for service, repair, or storage, important for service-based fleet operations.

Garage keepers coverage is an essential part of fleet insurance that specifically protects businesses when they are responsible for customers' vehicles. This type of insurance coverage is crucial for operations where businesses handle vehicles owned by their clients, such as automotive repair shops, vehicle detailers, or storage facilities. The coverage typically compensates for damages to vehicles that are on your premises for care, custody, or control, ensuring that you aren't liable for certain unexpected incidents like theft, vandalism, or damage from severe weather. Thus, it provides peace of mind and financial safety for businesses and their customers.

Imagine you own an auto repair shop where customers frequently leave their vehicles for maintenance or repairs. One night, during a severe storm, a large tree branch falls and causes substantial damage to a line of cars parked outside your shop. Without garage keepers coverage, your business would likely have to pay out of pocket for the repairs to these vehicles. However, with this coverage in place, your insurance can cover the costs, saving your business from substantial financial loss.

If your business involves handling or storing customer vehicles, investing in garage keepers coverage is a smart move. It's important to thoroughly assess your operations and the number of vehicles you handle daily to determine the right level of coverage. Consult with your insurance agent to ensure that you are fully protected, and regularly review your policy to keep it in line with your growing business needs. This proactive approach not only safeguards your operations but also builds trust with your customers, knowing their vehicles are well-protected while under your care.