What coverage under Garage coverage insures customers' vehicles left in the insured's care, custody, or control?

Garagekeepers coverage is specifically designed to protect the insured against losses to customers' vehicles that are in the insured's care, custody, or control. This type of coverage is essential for businesses that handle vehicles, such as auto repair shops, car dealerships, and parking facilities. It provides financial protection for damages and losses that might occur while the customer's vehicle is being stored or serviced, such as theft, vandalism, or fire.

This coverage is crucial for ensuring that the business can adequately compensate customers for their vehicles if any unfortunate incidents occur while those vehicles are under the business's management. By having Garagekeepers coverage, businesses can reduce their financial risk associated with the handling of customer vehicles, thereby maintaining customer trust and ensuring operational continuity.

In contrast, liability coverage primarily addresses third-party injuries or property damage caused by the insured, while property damage coverage typically pertains to the insured’s own property rather than that of customers. Physical damage coverage usually refers to damage to the insured's own vehicles and not to those of customers. Therefore, Garagekeepers coverage stands out as the appropriate protection mechanism for this specific risk.