Parking, Valet Parking

Valet parking coverage from $100,000 to $1 million is offered by Cal-Regent Insurance Services Corp. A detailed list of questions and answers are required in order to qualify, including: years in the business and experience in the parking industry, how many years in the main location and does the insured obtain motor vehicle records on all drivers before hiring. Rates vary according to the type of establishment, restaurant, nightclub or office, self-parking, and special events. The carrier wants to know if a lockbox is used at all locations and if an employee is always near the lockbox. Other considerations include how many spaces are used for valet parking, the average value of cars parked at the lot, whether customers cars are parked on a street, instead of a lot, and if drivers move cars to other locations. Deductibles of $2,500, $5,000 and $10,000 are offered in 11 liabilities ranging from $100,000, $500,000 and $1 million. Garage liability includes broad liability and personal injury coverage. Legal liability and medical liability coverage are required. Property coverage includes building, contents, loss of earnings and outdoor signs. Rating information must include the type of building construction, its square footage, whether there is an operating central station-reporting burglar alarm, and if there are any slip-and-fall hazards on the property. If the business owns vehicles they have to be on the schedule and include the stated value. This firm hopes to soon be able to write this type of insurance in Nevada and Washington.