Once a towed vehicle is unloaded at your lot, a different question begins: what happens to it while it stays in your custody?
What garagekeepers coverage is for
Garagekeepers coverage addresses covered damage to customer vehicles while they are in your care, custody or control at a storage location. It is the storage-side counterpart to on-hook, which concerns the vehicle while it is being moved.
Describe the lot accurately
Fencing, lighting, cameras, access controls and overnight staffing all matter to how an agency discusses your storage exposure. Describe the lot as it is today, not as you plan it to be.
Questions to ask your agent
Bring these to a licensed agency. They are prompts for a conversation, not a checklist of what you must buy.
- On which basis is garagekeepers coverage proposed, and what does that mean if a stored vehicle is damaged?
- Does the limit apply per vehicle or per location?
- How does coverage treat vehicles I hold for a police department or another authority?
- What documentation should I keep when a vehicle enters and leaves the lot?