What is the purpose of Garagekeepers Insurance?

Garagekeepers Insurance is specifically designed to cover damage to vehicles owned by others that are in the care, custody, or control of a garage owner or operator. This is particularly relevant for businesses such as auto repair shops, car washes, and dealerships where vehicles belonging to customers may be damaged while on the premises. The insurance provides financial protection against risks like theft, vandalism, and accidental damage that could occur while the vehicle is under the business's authority.

This coverage is essential for businesses as they can be held responsible for customers' property while it is in their custody, and Garagekeepers Insurance helps mitigate the risk associated with potential claims. It ensures that any damage incurred does not lead to a financial burden on the business.

Considering the other options, while they may pertain to different types of coverage or concerns, they do not encapsulate the primary purpose of Garagekeepers Insurance as effectively as the correct choice. For instance, the coverage for personal damages and coverage for physical damage to a dealer's own vehicles are different categories and wouldn’t apply in the context of the business's liability for customers' vehicles. Employee theft coverage would also relate to a different aspect of risk management altogether.