Garage Insurance – Employed Automobile Dealers and Repair Shops Watch These Symbols

23 Mar

or copy the link

Garage insurance is a considerably misunderstood policy type.Numerous specialist insurance agents are confused about specifically when to use it and more importantly precisely how.You can use a garage liability policy to shield a employed car dealer, typically referred to as dealer’s insurance, or you can use this very same kind to safeguard an automotive repair shop or to set up body shop insurance.The trick is to know the symbols.If you own a car dealership or an automotive repair shop and are buying insurance for your business, it is advisable that you find an agent who specializes in the garage insurance type to support you with this acquire so you never end up with the wrong kind and maybe uncover your self with no coverage after a large loss.

As I pointed out earlier, both varieties of firms, auto repair and or physique shops and used vehicle dealers both need to have the garage policy.But specifically what sort of operations are covered in these policies is driven by the symbols shown on the policy.This is really essential.If your organization is automotive repair or body function but your policy is set up with symbols that would apply to a auto dealership, you could discover your self with out coverage in the event of a liability loss.

So how do you know if you have the proper symbols and hence the proper type?Pull out your garage policy and appear at the first page. Beside every variety of coverage, typically to the left, there will be a least one two digit number amongst 21 and 31.These symbols will describe what is protected by the coverage shown beside that symbol.Right here is a list of the most frequent symbols and what each and every 1 protects:

Symbol 21 Any auto
Symbol 22 All owned autos
Symbol 23 Owned private passenger autos only
Symbol 24 Owned autos other than private passenger
Symbol 25 Owned autos topic to no fault laws
Symbol 26 Owned autos subject to Uninsured Motorists law
Symbol 27 Especially described autos
Symbol 28 Hired autos only
Symbol 29 Non-Owned autos utilised in the Garage Business
Symbol 30 Autos Left for Service/Repair/Storage
Symbol 31 Autos on Consignment

As you have almost certainly figured out, if you are an automobile dealer and you have symbol 30 on your policy, you would discover oneself without having coverage.So why not just put symbol 21 on all coverages?Well, since code 21 is the broadest coverage, you would have to pay far more for this insurance policy and in some situations you may possibly be purchasing insurance protection that you did not truly need to have.

Take some time to look at your policy meticulously and critique the symbols for every single line of coverage to make certain that they are suitable for the function you do.If you need to have help with this process, seek the advice of your agent.If you agent does not specialize in organizations needing garage policy, ie dealers insurance and auto repair shop insurance, then locate a single who does.This protection is just too critical to leave up to an agent who is practicing on the job studying on your policies.

59 Responses to “Garage Insurance – Employed Automobile Dealers and Repair Shops Watch These Symbols”

  1. Mathew April 7, 2013 at 10:40 am #

    This morning my car hydroplaned and I hit a median, just a freak thing with no other parties involved and no property damage done. I just had the car towed to a garage. I filed an insurance claim online a few hours later. I am now concerned of it being denied because I did not file a police report. Should I be?

  2. Rafael April 12, 2013 at 2:01 am #

    Garage door is 6 years old. Crumpled a bit but it works. How do I have it straighten out? Is that possible? How much do new garage door costs range? Will garage door company who installed it fix it or try to sell me a new one? Thanks!

  3. Sal May 8, 2013 at 9:29 am #

    I’m sixteen at the moment, but I’m looking at insurance prices and they’re ridiculous! (I got a quote of £5000 at one point :l) Have you got any tips for how to get a lower premium. Thanks.
    A really comprehensive list would be great because I have no idea!
    I have tried looking at insurance group one cars, but the prices are still really high.

  4. Bess June 25, 2013 at 10:20 am #

    bently garage door , put on new wires but cant get the spring to load on left hand side?

  5. Nestor June 26, 2013 at 11:05 pm #

    I was driving home from work and I was already in my apartment parking garage and about to park my van when I do not know how when I turned right I heard a horrible noise. The right rear part was hit by a wall and now my beautiful black van has a lot of white scratches. I pay full coverage and the collission coverage pays up to $20000 but it says that there is a $500 deductible. Do I have to pay that amount even if labor costs less then that? or I have to pay the $500 only if the cost of fixing the van is more than $20000. What do I have to say when reporting the accident?

  6. Denae July 3, 2013 at 3:05 am #

    I have a recently opened Mobile car wash in Miami and need insurance. Can anyone help with this question. Thanks.

  7. Salvador July 3, 2013 at 1:38 pm #

    I just had an accident where i accidentally made a hole in the neighbor’s garage roof whilst cutting down a tree, its left a hole in the tiles about a foot square. Im going to have to pay for it i think, does anyone have any idea as to how much that may cost in pounds?

  8. Len July 3, 2013 at 2:34 pm #

    I have a car worth $4000 (australian dollars). I trying to decide what type of insurance to get. I can pay either

    $572 for 3rd party fire and theft insurance with a $1000 excess
    $1,671 for comprehensive insurance with a $1000 excess
    I have to get liabilty insurance (CTP greenslip no matter what).
    Property damage coverage for other people property is 3rd party. This is almost the same price as 3rd party with fire and theft.

  9. Alisha July 3, 2013 at 8:13 pm #

    Need to get quotes and buy garage liability insurance for my valeting business, anyone know where i can do this?
    im in the uk

  10. Michel July 3, 2013 at 8:50 pm #

    I am covered under my parents’ insurance policy (Ontario), but am planning to move out on my own. I do not own a car but I want to maintain coverage so that I have a good rating when I do decide to get one, and for the rare time I borrow their car. Can I stay on their policy even though I live elsewhere?

  11. Johnny July 4, 2013 at 1:04 am #

    I’m 17 haven’t even brought a car because the insurance is so expensive.

    I tried a citroen c1, 1000cc, 68hp, locked in a garage INSURANCE GROUP 1, third party only; but it still cost over £1000

    What can i do to make things cheaper?

    Other than go on my parents polocy (they are not very keen)
    pass plus works out more expensive

    and i have being trying price comparisom websites including

  12. Liliana July 4, 2013 at 8:30 am #

    An employee at our auto maintenance shop is being required to reimburse our employer for damages incurred on a Ford pickup. The employee admits it was an accident, which could’ve happened to any of us to say the least. The damage was $406.44, and our employer gave him an option to reimburse the damages or quit/be fired. Of course, this was all a verbal exchange but, the money coming from his paycheck is very real. I am just wondering, if our employee is legally obligated to repay this money or, is this just our employer looking to avoid his garage insurance. Any referances to legal documents or laws would be greatly appreciated.

  13. Hans July 4, 2013 at 10:01 am #

    I’m 17 years old with a clean driving record. All the insurance websites won’t give you quotes until your 18, and i’m just curious how much monthly insurance would be because i’m paying for it.

  14. Mary July 4, 2013 at 2:08 pm #

    The bottom 3 panels on my garage door are wrecked and I was wondering how much that would cost to repair, it is a 6 panel 2 car garage door… made of steel, I just need the panels fixed, nothing else… how much would that cost me?
    Thanks for the help but I repaired it myself, I placed a 2×4 on the inside of each panel, straightened them all out and raised the power of the garage door, and i also evened out the surface for asthetics…works like a charm now 🙂

  15. Shayne July 4, 2013 at 2:08 pm #

    I am planning to customize my car for show use. I was wanting to know which insurance was the best for this type of car?

  16. Taunya July 4, 2013 at 9:08 pm #

    My neighbor had a house fire and there was damage to my garage, fence, and so on.

    I am curious, how much would it typically cost to have someone side a 20×14 ft garage? And its 4 to 5 square roof? 3 layer tear off for roof, but maybe, since it is a garage, I can just plaster a layer on top.

  17. Patricia July 4, 2013 at 9:19 pm #

    I am purchasing a property in England and it has come to light that there is no planning permission for the conservatory or external garage. The local authority (Thurrock Council) have advised that planning permission is not needed as both structures have been up for over 4 years. However my solicitor is struggling to obtain consent from the original builders of the property (it’s about 20 years old). The conveyancers for the people I’m buying from did not pick this up when they purchased the property.

    If the original builders consent cannot be obtained, is there a way forward?
    Should have mentioned, the Local Authority have said they wil not provide an indemnity because they don’t require planning permission.

  18. Sam July 4, 2013 at 9:49 pm #

    My aunt was backing up MY car. She didn’t see the garage door open all the way and hit the bottom of the garage door. It won’t open all the way, and it won’t close all the way either.

  19. Waylon July 5, 2013 at 2:00 am #

    Should it be me, or the contractor? What about insurance? What does the contractor need to show me, so I know that he’s insured, bonded, and licsensed? I don’t want him to fall off the roof, and end up owning my home.

  20. Dick July 5, 2013 at 3:01 am #

    Now I don’t drive the car neither is it sitting on the city streets. The car sits in my garage. Reason for the insurance laps and registration suspended because I broke the rear end to my car and was not able to drive the car. I don’t owe the insurance company no money. I drive trucks for a living, and was away the car was broke not on city streets so i didn’t think i was doing anything wrong

  21. Wendell July 5, 2013 at 7:38 am #

    I’ve read the state’s requirements for licensing as an individual dealer and see where the DMV has to approve your lot, how you have to have garage liability insurance. I’ve also seen sights that say you don’t have to have a lot…that you can just list your vehicles on ebay, but they don’t elaborate on the “No Lot requirement”. Of course these sites want to sell ebooks that show you how to do it.
    Does anyone know how to become a dealer in FL without a lot or building?

  22. Deedra July 5, 2013 at 11:39 am #

    Is it covered by insurance if I park my car on the side of the road in a residential neighborhood? I am going to rent a room in someone else’s house and therefore have to park my new car on the side of the road in front of the house. Is it legal to do so and covered by insurance? I see that so many people do so in residential neighborhoods, but I have to be sure. I would greatly appreciate your reply.

  23. Idell July 5, 2013 at 7:45 pm #

    My car has been in a Toyota approved body shop for 42 weeks;any one had this happen to them what was the outcome.

    Can I tell the insurance company to keep it and give me the value of the car at the time of the accident
    Are there alternatives I can claim for.

    I have been supplied with another car in the meantime but can not use it for working as I need a Tow Bar fitted.

  24. Isreal July 6, 2013 at 5:07 pm #

    Basically I have a garage and Ive heard a lot of garages make contracts with insurance companies to repair damaged cars. How do I get such a contract?

  25. Dian July 6, 2013 at 5:47 pm #

    I have a 2.5 garage. It’s in mint condition except for my roof. I need all the shingles replaced and a couple boards replaced (about 2-3 boards need replacing).

    I also need tips on how to get my estimate lowered.

    Thanks for all your help!

  26. Susanne July 7, 2013 at 1:26 am #

    I just opened up my own little used car dealership and I was wondering what kind of insurance I would need. I’m not doing any repairs of any sort so garage keepers insurance is unnecessary. I currently don’t have any employees so I also won’t be needing workers compensation. But just for the lot and for the sake of my business what kind of coverage do I need. Thank you soo much.

  27. Michel July 7, 2013 at 2:14 am #

    I am planning on getting a 1984 corvette but the insurance for it is a little too high.i just found out about classic car insurance but i really don’t know much about it.but for classic car insurance,am i limited to a certain number of things like how far i can drive my car,when i can drive,etc?will the insurance actually be less or more for classic car insurance?and what is the best classic car insurance company i should go with?

  28. Chae July 7, 2013 at 2:25 am #

    How can a government, who supposedly stays as far out of a capitalist economy as possible, enforce that you purchase auto insurance? Isnt that a consumers right to buy or not buy?

    One could argue that the privilege to drive at all is granted by the government, and you should abide by their requirements. But by that logic, wouldnt having insurance first be a prerequisite before you could get licensed?

  29. Drema July 7, 2013 at 2:51 am #

    Insurance speaking. Call them asap? In the drive way… And then has to leave for a week on a business trip. How do I get my car fixed? This has not happened before.

  30. Kristie July 7, 2013 at 4:26 am #

    How much do people in Toronto spend on their car insurance every month? I am moving to Toronto this summer, and I am having a second thought about taking my car with me since I will live by the campus. I only have an one year experience of driving. I know the premium depends on a lot of factors but I am only looking for an approximation or a price range. $100?200?300? Any suggestion of car insurance company?
    Thx, and I really appreciate your help!

  31. Val July 7, 2013 at 10:01 am #

    I have a garage door (extension springs) that I want to put a garage door opener on. The main beam for the house only gives me a few inches of clearance from the top of the garage door to the beam, when opened. And the beam comes down so far that I can’t install a standard garage door track. I know there are side mount garage door openers but will they work with an extension spring setup or will I (can I) need to convert to torsion spring setup.
    Thanks for your input.

  32. Drema July 7, 2013 at 4:53 pm #

    During a recent hailstorm in Ohio my home and outbuildings were damaged. Damaged occurred to one side of my garage, the roof was replaced, but the 8″ alluminum siding is no longer made. They are telling us to cover the one side with anything else we can find and they will pay, but they will not pay to side the whole garage, even though this siding is no longer manufactured.

  33. Cleo July 8, 2013 at 12:52 am #

    I bought a car 6 months ago but I did not take an insurance policy. Im planning to take a new one. What should I say to the insurance company. Are they gonna ask about when I bought the car and charge me for not insuring it?

  34. Eliseo July 8, 2013 at 12:56 am #

    can a garage hold your car while an insurance claim is not settle.when all the work is done ?

  35. Voncile July 8, 2013 at 2:20 am #

    If i bought a new car from garage and drove it home and got pulled on the way, what would happen? Could i tell the cops that i just bought the car and would they ask for proof?

  36. Jackqueline July 8, 2013 at 3:20 am #

    I’d like to have a new detached 2/3 car garage constructed in the same area as the water line running from our well to our house. I might be wrong, but it makes sense that this won’t be a problem if the water line is buried deep enough. Is this correct? If so, how deep is deep enough?
    Here is some additional information, based upon questions asked so far. I live in Maryland. The water line currently runs from the well to house, but I’m not sure how deep the is at the moment. I’m not currently constructing the garage – I’m wondering if it can be constructed on the ground over top of where the water line currently runs. This would be a small amount of excavation – enough for pouring the concrete pad of the garage. If there are major issues with doing this, I’ll find a different place to do this prior to contacting a contractor.

  37. Tresa July 8, 2013 at 1:13 pm #

    I live in Los Angeles.

    I’ll be leaving my car in my apartment’s garage during Summer, during which I’ll be in another state.

    What’s the safest way to leave it there? It’s a new car so I don’t want to do anything that may void the warranty.

  38. Carmelo July 8, 2013 at 7:46 pm #

    How much does car insurance cost for inexperienced driver? I’ll be a newcomer in Winnipeg. I’d like to buy used car to drive to college. Can I buy a car and get a drivers license with a student visa?
    Thank you.

  39. Kimberli July 8, 2013 at 11:51 pm #

    I hear your monthly car insurance payments go down significantly once you’re 23. I turn 23 in a few months and currently pay $65/month. How much can I expect it to be after I’m 23?

  40. Dian July 9, 2013 at 3:06 am #

    This job would include tear off, disposal, and new shingles. The 2.5 garage is similar. I was looking for ball park prices because I have never had a roof done before.

  41. Isreal July 9, 2013 at 8:52 am #

    Do not think normal house extension for garage contents will suffice since it is a workshop.

  42. Roman July 9, 2013 at 9:30 am #

    My friend wants to store a car he just bought at my house, since I have a garage. He hasn’t gotten insurance worked out and all, and put in his name yet. The previous owner he bought it from just cancelled the insurance they had on it. It won’t be drivin, it has no tag. I won’t be fined or anything by the state will I for storing an uninsured vehicle?

  43. Merlin July 9, 2013 at 2:41 pm #

    I need to renew my car insurance and don’t know whether to get comprehensive or third party fire & theft cover. Could anyone enlighten me as to what option is best. Also is there an insurer that you can recommend that provide free or good breakdown cover?


  44. Tana July 9, 2013 at 6:53 pm #


    I am interested in starting my own business of installing garage door openers. What is the average charge for installing a garage door opener? Do the home owners usually provide their own garage door opener system? If I need to buy them, where would I get a good deal? Also, do I need insurace or license? Any help on getting me started would be greatly appreciated. Also, if there are any contractors out therein northern NJ, please contact me.


  45. Jeff July 9, 2013 at 11:46 pm #

    What kinds of energy is used in a mechanics garage? What are some things in a garage that use up energy? Thanks!

  46. Terresa July 10, 2013 at 1:33 am #

    We took out a window and put a doorway into the garage there, and then basically we left the garage door in place but put sheetrock over the door on the inside. Before we finish the room and paint it, do we need to get a permit? Is it too late for a permit? I want to make sure this square footage counts as “house” and not “garage.” Tx!

  47. Fredia July 10, 2013 at 2:05 am #

    I recently changed my deductible to 1000 dollars on my car insurance, and sure enough, got some dents on the front of my car sliding into a tree during bad road conditions. Is there ANY way possible, through the auto body garage, insurance or a third party to get out of paying the full 1000 dollar deductible?

  48. Jackqueline July 10, 2013 at 9:56 am #

    For instance, an individual making profit by buying and selling cars for a higher price within a short period of time (a few days). The car needs to be registered and tax needs to be paid and title has to be renewed too. But what about insurance? Do you have to add the car to your insurance? Or you wouldn’t bother since you’re not going to own the car? What is the policy?

  49. Carrol July 10, 2013 at 2:56 pm #

    I want a new window but want insurance to pay for it. I need to find a way to get birds to continually fly right into the window till it breaks.

  50. Ernest July 10, 2013 at 9:51 pm #

    Does it make a difference to the insurance premiums if you live in a rich or poor area?

  51. Timmy July 19, 2013 at 1:10 pm #

    As far as I know, engine size is considered for insurance. Is it true or not?

    Second, I like to know is the make and model of the car effects the insurance? For example, does an old car have more insurance or the new one?
    Third, does it also effects the car runs on petrol or diesel?

  52. Fredia July 25, 2013 at 10:43 am #

    Our business is mobile and we work in dealership lot the auto never leaves the lot.
    We install leather kits.
    Which is best for us? We need some kind of liability insurance and would like something to insure us if we crashed the car in the dealers parking lot.

  53. Lloyd August 1, 2013 at 7:06 pm #

    I’m a new driver and I don’t make much but I do need insurance so what is a cheap one?

  54. Jarrod August 2, 2013 at 2:28 pm #

    I’m 17 years old, had my license for 9 months. I want to buy a coupe car but my mom said the insurance will be really high. Around how much higher would it be if i bought a car like a honda civic 2001-2004 coupe then a honda civic 2001-2004 sedan?

  55. Danita August 2, 2013 at 10:49 pm #

    My history class is doing a business plan project, and I’m wondering what the cost of liability insurance for a softball training center would be?

  56. Rodger August 3, 2013 at 4:23 pm #

    I want a new window and want my insurance to pay for it. How do I attract brids to keep hitting it until it breaks?

  57. Jeramy August 3, 2013 at 4:42 pm #

    What is the average cost for car insurance on a standard second hand car worth about £1,000 like a nissan?

  58. Rufus August 8, 2013 at 11:48 pm #

    The car was parked in the road outside the garage. The sign has trashed the whole wing of the car. The garage’s insurance will not pay, since they are saying the garage were not negligible. As in, it was an act of God!!!

  59. Denae August 26, 2013 at 11:06 pm #

    I’m buying a used 50cc moped and I have just passed my cbt test. I already have my provisional and I will be getting the road tax done after I sort my insurance out, if I order the insurance monthly when the bike is delivered is it okay to just keep around for a week or two? As long as I do not ride it and the one trip I do make without road tax is the one I make to the post office to get my road tax done? Please answer thx 🙂

Leave a Reply