Where to find cheap garage insurance coverage

Automobiles in charge of the assured that are being brought from, or part way from, the factory or other distributing point (commonly known as driveways) to be delivered to the purchaser or to be kept in storage for him shall be specifically excluded. Repairs are to be made at actual cost of labor if made by the assured. Find more tips on our auto insurance blog.

The additional rate to be charged shall be one-half the total hazard Property Damage rate for the garage payroll risk, with an additional minimum premium charge equal to the total hazard property damage minimum premium requirement; the company’s liability to be limited to the amount stated in the policy, this limit to apply to each accident and not to each object damaged in the accident.

Coverage for damage to property in charge of electric garages and storage garages may be provided on this basis at an additional rate equal to the total hazard Property Damage rate for a regular garage in the territory subject to a minimum premium equal to 150% of the total hazard Property Damage minimum premium for a regular garage in the territory.

The basis of writing the risk is divided as follows:
A. Testing Hazard.
(1) The testing of any automobile (including laboratory models) manufactured, assembled, rebuilt or repaired by the assured.
(2) The driving away or delivery of automobiles manufactured, assembled, rebuilt or repaired by the assured.
(3) The liability of the automobile manufacturer in connection with the operation of any automobile not owned by him nor licensed in his name nor hired directly by him, but used in connection with his business.
Omnibus coverage is not permissible.

The rates are established from information furnished on the application blank and are based on the factory output of automobiles which includes the total number of automobiles manufactured or assembled during the policy period plus the total number of automobiles repaired or rebuilt at the factory during the policy period all subject to a minimum premium.


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