As an owner of a repair facility, you spend the majority of your time servicing customers’ vehicles. The cost of the parts you install in those vehicles, coupled with the time and money invested in your mechanics servicing these vehicles, can be significant.
When your mechanic installs a part in a vehicle – for instance, brakes and rotors – and that part fails, causing your customer to drive off the road and damaging the undercarriage of their car, how will your garage liability policy respond?
Your policy probably covers the resulting damage to the undercarriage of the customer’s vehicle, but does it also cover the cost of the brakes and rotors you installed? Will your garage liability policy also cover the costs associated with your mechanic repairing the issue with the brakes and rotors again?
If not, you will bear the cost of the new brakes and rotors along with the time and money spent for your mechanic to repair the brakes and rotors a second time.
Additional coverage can help at a time like this. Please contact our office to discuss your current coverage and verify that you are adequately protecting your customers’ vehicles.
SOURCE: Auto-Owners Insurance Update, Volume 9, Issue 1 January – March 2015