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Market Spotlight
August 26, 2020 |
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Market Spotlight: Garage According to insurance experts, most garage service businesses requires both garage liability and garagekeepers legal liability (GKLL) coverage. The difference between the two is garagekeepers will provide coverage to a vehicle if it is damaged due to the insured's negligence and direct primary covers the vehicle regardless of fault, unless specifically excluded by endorsement.
The auto repair industry in general includes an estimated 16,000 establishments across the United States and is valued at about $880 billion, according to BrandonGaille.com. General auto repair services account for 85.6% of the industry, followed by automotive transmission and repair at 6.7%, all other repairs at 5.7% and automotive exhaust repair at 2%. |
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Williams & Stazzone offers a specialty garage liability program for franchised dealership operations that sell and service Motorcycles and Power Sports. We are currently making select retail appointments. States: All states except AK, HI, LA
Offered by: M.J. Hall and Company, Inc.
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Two ACORD Events
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| ACORD is excited to announce two virtual events for our members this October: ACORD Industry First and ACORD Connect. |
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| ACORD |
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Full package coverage for Garages, Auto Services, Towing, Parts Recyclers and more. Formerly by Universal Underwriters, all size accounts and unique exposures are considered. Instant online garage package quotes to $50k. We recently lowered rates in several states. States: 47 states
Offered by: Arrowhead General Insurance Agency, Inc.
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| Advertisement |
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Prime offers many types of liability coverage in Garage Operations for premises, overall operations, and GKLL. Businesses can obtain coverage from Day One of a new business operation without a limitation period wait.
States: All states
Offered by: Prime Insurance Company
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Is extra expense payout subject to the indemnity rule? The insurer wants to deduct electricity payments not incurred from extra expense incurred in diesel fuel whilst the insured had no power from utility company. Really like your opinion..... by rpadial on Mon Aug 24, 2020
I've read about the different types of flooding. B C X SHADED X. I noticed changes occurring in data every month or several months. How does a person with flood insurance know and how would they know if they are going to be covered with each change? by kris.h on Thu Aug 20, 2020
We have a prospect who operates as trucking for hire in Utah.
The driver however has Mexico Driver License and is current carrier is USIC.
We are looking for alternative markets. by dis3111 on Wed Aug 19, 2020
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