commercial garage collapsed roof on cars

November 9, 2023

Does My Commercial Garage Insurance Cover Natural Disasters?

Protecting the business property, employees, machinery, and commercial vehicles is a necessary expense for any auto-service business.

If you own a mechanic shop in Bow, NH, run a garage in Hooksett, NH, own a parking lot in Concord, NH, you will need two types of insurance specific to your industry: Garage Keepers Insurance and Garage Liability Insurance.

Garage Liability Insurance is essential, protecting your New Hampshire commercial auto-service business from financial loss in the event of bodily injury or property damage caused by the day-to-day operation of your business.

When it comes to your customers’ property—vehicles not owned by you but in your care— you need Garage Keepers Insurance. This will cover the cost of any damage to a customer’s vehicle while it is on your premises, being driven by one of your mechanics, or being towed by your licensed tow truck.

But what if an earthquake, flood, or hurricane impacts your premises? Is your property protected by your Garage Liability Insurance? Is your customer’s car covered by your Garage Keepers Insurance?

Does your Garage Insurance Include Natural-Disaster Insurance?

In most cases, NO.

Neither your Garage Liability Insurance nor your Garage Keepers Insurance will likely cover damages in the event of a natural disaster caused by an earthquake or flood. Some policies will cover hurricane or snow and ice events. 

Depending on your location, the cost (or even the possibility) of adding specific natural disaster events to your Garage Insurance policy will vary. In New Hampshire, the risk of earthquake is low, so the expense of adding it to your Garage Insurance will likely be lower than it would be in California. But do you need it?  

How, what, and when to insure is a question of balance. Just as the insurance company weighs the risk to insure you, you must weigh the risks when deciding what insurance you need. Some insurances are essential: if you own an auto body shop in Hooksett, NH, you need N.H Garage Liability and Garage Keepers Insurance. But does your self-service car-wash business in Bow, NH, need Garage Keepers Insurance and Garage Liability? And does your mechanic shop in Concord, NH, truly need flood insurance?

Finding the best insurance for your New Hampshire auto business can be overwhelming. But if you go to a New Hampshire insurance agency near me who works in your area and specializes in your industry, you won’t go wrong. It’s why many automotive businesses in Concord, Bow, and Hooksett are choosing the best insurance agency in Bow, New Hampshire.  

Contact a top insurance agency Bow, New Hampshire we’ll help you get the best insurance coverage and ensure you have all the extras you may need.

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