If you are an owner of an auto mechanic shop or provide towing services, you are aware that while your customer’s vehicle is in your possession, you are responsible for it. Its condition is your responsibility not just when you are working on it or towing it, but also when it is parked or stored. It means that if something happens to your customer’s car, you will have to pay for repair or replacement. To cover your business in this kind of situations, you can get garage keepers insurance. It pays for the damage or loss of the vehicle that has been parked or stored while in your possession.
Garage keepers insurance is not mandatory but it is important if you want your business to be financially protected. So if you regularly have your customers’ vehicles parked or stored at your business location, it is a good idea to have this kind of coverage. It is useful in many situations. For instance, if there’s a fire, and your client’s car is damaged, or if it has been vandalized. Or it can also be simply parked on the street and somebody bumps into it. In all of these cases garage keepers insurance will cover the cost of repairs or replacement so you do not have to pay for them out of your pocket.
If you run a towing service, you should also remember about on-hook towing insurance. It will cover the damages done to your client’s car in the process of towing. This coverage is just as important for this kind of business as garage keepers.
Get free insurance quotes from Progressive Truck Insurance today and let us help you find optimal coverage at the best rates. We are looking forward to assisting you!