2213 S Ferdon Blvd
Barbee Jackson Insurance is the leading provider of Garage Liability Insurance in the Fort Walton Beach, FL area. We working with the best Garage Liability Insurance carriers to provide our Dealerships and Garages the coverage choices they need at a price they can afford. We take the guess work out of finding the best rate by shopping ALL the leading Garage Liability Insurance carriers to get you the BEST price the first time.
Yes, all drivers for the dealerships vehicles must be disclosed on the policy. If the driver with the “not so perfect driving record” gets into an accident and he/she was not disclosed on the policy, the insurance company has the right not to pay the claim and cancel the policy for a “substantial change in risk”. However, some carriers will allow us to exclude the individual while driving, but still cover them as a sales or repair person.
Depending on the type of policy you bought would determine if you have to pay a per vehicle deductible or a lot maximum deductible. The standard deductible for Dealer Open Lot is $1,000 deductible per vehicle, but some policies contain a maximum deductible per lot which can be $5,000 to $10,000. The advantage of the maximum per lot deductible is in the case of a large loss of inventory you would only have to pay a single deductible instead of a deductible per vehicle.
In most cases Yes. Most of the Garage Liability Insurance providers require you to be licensed in the state where your dealership is located. In some cases, the insurance company will allow you to hold an out-of-state driver license if your license is located in a neighboring state.
The State of Florida requires new and used car dealers to have at minimum $25,000 of Garage Liability Insurance and $10,000 in Personal Injury Protection Coverage.
No. GarageKeepers Insurance covers vehicles in your care, custody, and control. It is meant for non-owned vehicles. The coverage you need to cover your inventory is Dealer’s Open Lot. Dealer Open Lot covers owned vehicles for physical damage.
Don’t forget to check out our YouTube Channel for our Insurance Explained videos!