Garage Insurance

Garage Insurance

An insurance policy protecting a garage owner from damages caused by vehicles while on the garage's property. This type of insurance is most popular with auto dealerships and similar businesses because it protects owners from accidents that other drivers cause. As with all insurance, one must pay a premium to receive garage coverage.
References in periodicals archive ?
He was most recently the National Managing Director for Ally Financial Services where he was responsible for the garage insurance program.
When they purchased the dealerships they had separate garage insurance policies with Universal Insurance.
In broad terms, garage insurance covers auto dealerships on the one hand and auto service firms on the other.
Garage insurance includes coverage for auto dealers, auto servicing, and parking garages.