Posted by: jmwilsonmga | October 25, 2011

Interview with an Expert : Garage Insurance

Amy Thayer, Property & Casualty Underwriter

Today, we are continuing our “Interview with an Expert” series.

I’ll be interviewing Amy Thayer, Michigan Property & Casualty Underwriter and one of J.M. Wilson’s Garage experts.  Amy joined J.M. Wilson in 2000.  Her job responsibilities include servicing and writing different lines of property and casualty business.  In her spare time, she enjoys reading, swimming, and playing with her cats.

So, without further ado, let’s learn about Garage Insurance!

Question : What are some of your agents’ commonly asked questions regarding Garage coverage?

Response : Some of the commonly asked questions are do we have markets for garage coverage and what markets do we have.  We do have markets for garage coverage for both service risks and dealer risks.  Our markets for garage risks include; Colony/Argonaut Midwest, National Indemnity, Markel/Essex, Burlington, First Financial and National Casualty. Please check with your underwriter for the markets available in your state.

Question : Does Garage Liability include premises liability?

Response : Yes, it does!

Question : Are there any special supplements that are needed to quote Garage coverage?  Where can an agent find the correct applications?

Response : There are special applications for garage and depending on the type of risk there might be additional supplements. Applications can be found on our website by selecting your state and then P&C- Garage.

Question : What types of Garage risks can we provide coverage for?

Response : We can write non-franchised used car dealers, wholesale used car dealers, repair shops, body shops, valet parking operations, towing operations, and repair of heavy trucks/semi-trucks plus many other classes.  Coverage does vary by state, so please contact your underwriter with any questions relating to specific risks to see how we can assist you.

Question : What is the minimum premium for Garage?

Response : Minimum premium for service operations is $750 and minimum premium for dealers is $1500, however most risks come in over the minimum premium.  Again coverage options vary by state, so please contact your underwriter for details related to your specific state.

Question : What are some of the Garage requirements?

Response : We require favorable mvrs for all drivers and owners of the business whether service or dealer risks. Other requirements vary depending on the type of risk.  We will also need to know the number of employees and owners, what their job duties are, and if they are full or part-time.

Thank you to Amy for her expert guidance!  Please share any of your questions and comments. We’d be happy to address any of those for you!

Disclaimer :  This article is for informational purposes only.  There is no legal advice being suggested or proffered.  The author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information.  This article is the opinion of the author and is not supported or endorsed by J.M. Wilson.  It should not be relied upon and may contain inaccuracies or content may have changed over time, contact your underwriter for the most current and accurate information.  Any comments or responses are the opinions of their authors.  Content on this site is believed to be covered under Fair Use.

Copyright 2011 J.M. Wilson Corporation


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