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 ?
Tenants pay liability, property, garage insurance, elec, water sewer and trash.
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.
Here, the estates of several accident victims sought a declaratory judgment that a garage insurance policy provided $1 million in primary and excess coverage for an accident involving a vehicle borrowed from the insured, a used car dealer.
Garage insurance includes coverage for auto dealers, auto servicing, and parking garages.