What is the primary function of garagekeepers insurance?

Garagekeepers insurance is specifically designed to provide coverage for businesses that store, repair, or service vehicles. This type of insurance protects against risks associated with damages to vehicles while in the care, custody, or control of a garage or similar business operation. It is essential for businesses such as auto repair shops, car washes, or parking facilities, as it ensures that if a customer's vehicle is damaged due to factors like collision, theft, or vandalism while in the garage's possession, the garage owner is protected financially.

This coverage is crucial for maintaining customer trust and meeting liability requirements, as it alleviates concerns about vehicle safety while under a garagekeeper's care. The insurance covers various situations that could lead to losses or damages, making it a vital part of operating a vehicle-related business.