Florida Dealership and Garage Insurance
Dealerships need insurance, not only is it required by the State of Florida, but it also helps protect business owners from potential loss of inventory or claims resulting from an accident. A normal General Liability policy won’t provide you the protection from losses resulting in a vehicle accident or a loss involving inventory. That’s why the insurance industry created Garage Liability Insurance. Garage Liability Insurance is designed just for Dealerships and Garage Operation such as repair shops and collision centers.
Finding the right insurance agency to handle your dealership or garage insurance can be challenging. Most insurance agents don’t understand how a garage policy works. That’s where DealershipInsurance.com steps in to help you get the right coverage at the best price by shopping all the leading insurance companies that specialize in garage liability.
DealershipInsurance.com is the leading independent insurance agency that deals specifically with Dealerships and Garage Operations. Our agents are the experts in Garage Liability Insurance and we get you the right coverage, at the best price, within 24 hours. Call now (850) 389-2001or fill out a request form and one of our agents will call you.
Types of Businesses we Insure
Auto Dealers | Wholesale Car Dealers | Powersport Dealers |
RV Dealerships | Collisions Centers | Repair Shops |
Valet Parking | Tire and Lube | Car Washes |
Florida Insurance Requirements for Auto Dealership Insurance
- Garage Liability policy with base limits of
$25,000 Auto Liability
$25,000 Other than Auto
$10,000 Personal Injury Protection (PIP) - Surety Bond – $25,000
Florida Insurance Requirements for Garage Operations other than Auto Dealerships
- Garage Liability policy with base limits of
$25,000 Auto Liability
$25,000 Other than Auto
$10,000 Personal Injury Protection (PIP) is not required
How the Coverages Work
Auto Liability is designed to provide liability to others when you are involved in an at-fault accident where there is property damage and/or bodily injury.
Other than Auto provides coverage on the lot for slip and falls.
Personal Injury Protection is required for all private passenger cars and auto dealership businesses registered in Florida in the amount of $10,000. The coverage is for bodily injury to the driver no matter who is at-fault for the accident.
Florida Dealership Insurance Coverage Option
Along with the required Garage Liability Insurance limits you can add optional coverages such as,
Dealer Open Lot also referred to as Dealer Physical Damage
Dealer Open Lot (DOL) provides comprehensive and collision to the dealership inventory, much the same way as it applies to personal auto insurance. You insure the lot for the total value of all vehicles in the inventory. It is important to realize that you insure the lot for what you have invested in it, not the sales price.
Furnished vs Non-Furnished Auto
Want to drive the vehicle inventory for your personal use as well as business? For that you will need what’s referred to as an Furnish Auto endorsement. Furnished Auto allows the driver that has the endorsement to drive any vehicles for business or personal use.
Non-Furnished allows you to drive the vehicle for business uses only. This means you can drive the vehicle for test drives, to and from the auction and to get the vehicle serviced.
Other Coverage Options
- Medical Payments
- Uninsured Motorist Bodily Injury
- Garage Keepers – For dealerships that have a services side as well as a sales side
- Broadened Coverage
- Errors and Omissions (E&O)
Florida Repair Shop Insurance
Most of the coverage options listed above can be added to a Repair Shop Insurance policy, but the key coverage is Garage Keepers Insurance.
Garage Keepers Insurance provides protection to the customers vehicles while you are in the car, custody and control. Let’s say a customer brought their vehicle to your shop and during the process of fixing the vehicle you accidently scratched the paint or even worse, dropped it off the lift. Garage Keepers Insurance would cover all damages to the vehicle minus the deductible.
DealershipInsurance.com
DealershipInsurance.com was founded to service the needs of the thousands of dealerships and repair facilities across the United States. We are dedicated to finding your business the right coverage at the best price. Call today to speak to one of our Garage Liability Specialists to get your dealer insurance quote (850) 389-2001