Скачать или смотреть What is Physical Damage Coverage? Inclusions vs. Exclusions (Garage Liability Insurance)

Physical Damage Coverage for your Garage Liability risks is coverage for the insured's inventory (i.e. owned autos). If your insured is a dealer, this is going to provide loss or damage to the autos that are on their lot.

Exclusions include:

Nuclear hazard

War or military action

Any covered “auto” leased or rented to others unless rented to one of your customers while their “auto” is left with you for service or repair.

Any covered “auto” whiles used in any professional or organized racing or demolition contest or stunting activity, or while practicing for such contest or activity.

Your expected profit, including loss of market value or resale value.

“Loss” to any covered “auto” displayed or stored at any location not shown in item (Three) of the Declarations for the “loss’ occurs more than 45 days after your use of the location begins.

False Pretense:
Someone causing you to voluntarily part with it by trick or scheme under false pretenses; or
Your acquiring an “auto” from a seller who did not have legal title.

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CID Insurance Programs is an E&S Wholesaler specializing in commercial insurance products designed for independent and captive insurance brokers’ business client’s needs.

Our wholesale business insurance products encompass a broad range of preferred to manageable hard-to-place risks. CID Insurance has developed strong relationships with both admitted and non-admitted markets. Our commitment is to make the quote and bind process fast and easy for our retail insurance brokers.