Garage Liability, Covered Auto Symbols And Definitions

There are certain similarities and differences between garage insurance and garagekeeper liability coverage. The key commonality, and perhaps the only commonality, is that the two coverages are needed in the establishments that are associated with using vehicles. The differences are several, and to understand the differences we will start with defining both concepts.

Garage Liability. This is required to provide protection for bodily injury and property damage resulting from garage activities. Garage activities refer to activities connected with ownership, maintenance, and use of sites for garaging businesses. Garage Liability includes two major insurance:

1. Garage Liability - Covered Auto: This is perhaps the most important coverage that a garage establishments must possess. Garages have different auto liability exposure, and for that reason they may have to have different kinds of coverage. The insurance division supplied a Symbol System for Auto Liability. This is a brief description:

* SYMBOL 21 = Any Auto. This is the most broad symbol where coverage applies to any auto.
* SYMBOL 22 = All Owned Autos. Coverage under this symbol applies to any and all automobiles that are owned by the business, including trailers that are pulled by the owned autos.
* SYMBOL 23 = Owned Private Passenger Autos Only. Coverage associated with this code includes all owned private passenger autos.
* SYMBOL 24 = Owned Autos Other Than Private Passenger Autos Only. Coverage here is relevant to other than private passenger type vehicles owned by an insured, including trailers pulled by an owned autos.
* SYMBOL 25 = Owned Autos Subject to No Fault. This symbol is applicable to any automobile which is owned by an insured in any no-fault jurisdictions.
* SYMBOL 26 = Owned Autos Subject To A Compulsory Uninsured Motorist Law. This applies to any vehicle that is owned by the insured in states where uninsured motorists is a compulsory insurance.
* SYMBOL 27 = Specifically Described Autos. Coverage applies to only certain autos that are specifically listed on the policy.
* SYMBOL 28 = Hired Autos Only. Coverage applies to vehicles that the insured leases, hires, rents, or borrows from any one who is not an officer, owner or employee of the business.
* SYMBOL 29 = Non Owned Autos Only. Coverage applies to autos that the insured does not own, lease, hire, rent, or borrow, but that are utilized in the business. This includes vehicles owned by own partners, staff, or any members of the business while these vehicles are used in the business activities.
* SYMBOL 30 = Autos Left for Service/Repair/Storage. This is applicable to automobiles that are left at auto service establishments for maintenance or repair.
* SYMBOL 31 = Autos on Consignment. Coverage applies to any and all vehicles left at the location of the insured for sale based on consignment basis. This does not apply to automobiles left at car dealers.

2. Garage Liability - Other Than Covered Auto: This incorporates elements of the Commercial General Liability, other than automobile liability. CGL coverages such as premises (ie slip and fall) are usually covered here.

Garagekeepers Liability Insurance. This is physical damage coverage on clients' autos that are left in the care of the insured for repair or servicing. The coverage options are collision, comprehensive (any thing other than collision), specified causes of loss (fire, lightning, or explosion; theft; or mischief or vandalism).
Garagekeepers can be integrated as primary or legal. Garagekeepers Legal Liability (also called , coverage applies to losses in excess of the automobile owner's coverage. To put it differently, the policy will pay after the client's automobile policy pays, and only if the insured is legally liable for the damage of the auto. Garagekeepers Primary Liability (also referred to as Garagekeepers Direct Primary,) the garage insured would share the loss with the auto owner's insurer, regardless of who is at fault. Garagekeepers Primary Liability allows for more protection for garages.

Businesses Needing Garage Liability. The following are examples of businesses that need garage liability:

Towing Operations, Car Dealers, Mechanic Shops, Auto Body Shops, Valet Parking, Lube Shops, Car Washes, or any businesses that deal in the trade or service of with automobiles industries.