Garage Liability Insurance

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Dictionary Says

Definition of 'Garage Liability Insurance'

Insurance typically purchased by automobile dealerships and repair shops that covers property damage and bodily injury resulting from the operations of an auto garage. It typically does not cover accidents and damage to cars that are brought into the shop, as there is a separate insurance contract for such cases, but it does cover vehicles that are owned by the shop.

Investopedia Says

Investopedia explains 'Garage Liability Insurance'

Basically, garage liability insurance provides coverage for the day-to-day operations of a garage. Dealership and repair shop owners should consider incorporating their businesses in order to limit personal liability. Without incorporation, an accident that exceeds the garage liability insurance coverage might wind up costing the owner out-of-pocket money.
Search results for

'Garage Liability Insurance'

  • CFP Study Guide - Property, Casualty and Liability Insurance ...

    http://www.investopedia.com/exam-guide/cfp/property-casualty-liability-insurance/default.asp
    ... 9.8 Business Related Risk Exposures. 10. Property, Casualty and Liability
    Insurance: 10.1 Introduction to Personal Insurance; 10.2 ...

  • How Living Abroad Can Increase Your Insurance Premiums ...

    http://financialedge.investopedia.com/financial-edge/1211/How-Living-Abroad-Can-Increase-Your-Insurance-Premiums.aspx
    ... for cars left behind in an American garage almost certainly ... little as $15/month for
    a liability-only policy that will keep your car insurance continuous while ...

  • Spring Cleaning For Your Budget - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0311/Spring-Cleaning-For-Your-Budget.aspx
    ... sweeping clean your dust-laden garage, springtime marks ... health care insurance and
    auto insurance are some ... policy or increasing your overall liability coverage. ...

  • How To Get The Best Return On Your Home Renos - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0911/How-To-Get-The-Best-Return-On-Your-Home-Renos.aspx
    ... Homeowners insurance premiums will be higher because of the potential liability
    and maintenance ... might be to cram everything in the garage, the basement ...

  • Starting A Small Business: Location And Licenses | Investopedia

    http://www.investopedia.com/university/small-business/finding-location-getting-licenses.asp
    ... be visiting your home; The business will be located in your garage; ... Doctors, attorneys,
    real estate agents, insurance salesman and hairdressers - among others ...

  • Tax Deductions For Rental Property Owners

    http://www.investopedia.com/articles/pf/06/rentalowner.asp
    ... can include a new roof, patio or garage. ... Insurance; Taxes; Lawn care; Tax return
    preparation fee; Losses ... on improvements could reduce your tax liability when you ...

  • Starting A Small Business: Financing Your Business | Investopedia

    http://www.investopedia.com/university/small-business/financing-your-business.asp
    ... brand-new, solid wood desk, or will that card table in the garage get the ... about
    protecting your business by choosing a legal structure and purchasing insurance ...

  • 8 Ways To Make Money With Real Estate - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0610/8-Ways-To-Make-Money-With-Real-Estate.aspx
    ... Storage Your garage or unused basement can make a great storage area, for your stuff ...
    why investing in real estate is a great way to lower your tax liability. ...

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