What type of coverage does the Auto industry typically have?

Garagekeepers coverage is specifically designed to protect vehicles that are under the care of a garage or auto repair shop. This type of coverage is crucial in the auto industry as it provides liability protection for damage to vehicles while they are being stored or serviced. It ensures that if a customer's vehicle is damaged due to an incident, such as theft, vandalism, or fire while at the garage, the garage owner can claim protection against the financial responsibility of that damage.

In contrast, while liability coverage protects against damages caused to others, comprehensive coverage covers non-collision damages to a vehicle, and collision coverage protects against damages from accidents involving vehicles. Each of these types of coverage serves a different purpose, but garagekeepers coverage is distinctly tailored for those within the auto industry, focusing on vehicles that are not owned by the provider but are in their custody for repairs or storage. Thus, it represents a specialized insurance need within this sector.