What does Garage Liability Insurance mean? Read on to discover the definition & meaning of the term Garage Liability Insurance - to help you better understand the language used in insurance policies.
Garage Liability Insurance
Insurance covering the legal liability of franchised and non-franchised automobile, truck, truck-tractor, motorcycle, recreational vehicle, and trailer dealers for claims of bodily injury (BI) and property damage (PD) arising out of business operations. It includes two separate insuring agreements, "who is an insured" provisions, and "limit of insurance" provisions one dealing with garage operations involving the ownership, maintenance, or use of autos and the other dealing with all other garage operations.
We hope the you have a better understanding of the meaning of Garage Liability Insurance.