Auto Repair Shops Insurance
Commercial Property Insurance
for Auto Repair Shops
Your shop building, lifts, diagnostic equipment, tools, and parts inventory are significant assets. Commercial property insurance protects them against fire, theft, and storm damage — and a shop fire can destroy hundreds of thousands in equipment in minutes.
Industry-Specific Insight
Why Auto Repair Shops Businesses Need Commercial Property Insurance
Your shop building, lifts, diagnostic equipment, tools, and parts inventory are significant assets. Commercial property insurance protects them against fire, theft, and storm damage — and a shop fire can destroy hundreds of thousands in equipment in minutes.
Coverage Details
What Commercial Property Insurance Covers
Key protections included in a commercial property policy for auto repair shops operations.
FAQs
Common Questions from Auto Repair Shops Businesses
Does commercial property cover automotive lifts and diagnostic equipment?
Yes. Lifts, scan tools, diagnostic computers, and other shop equipment can be covered under commercial property for fire, theft, and other covered perils.
What about parts inventory in my shop?
Parts and supplies inventory is covered under the business personal property portion of your commercial property policy.
Does commercial property insurance cover flood or earthquake damage?
Standard commercial property policies typically exclude flood and earthquake damage. Separate coverage is available and may be worth considering depending on your location. A licensed agent can help you assess your exposure and find appropriate coverage.
What's the difference between replacement cost and actual cash value?
Replacement cost coverage pays what it costs to replace or rebuild damaged property at today's prices, without depreciation. Actual cash value accounts for depreciation, meaning you may receive less for older items or equipment. For most businesses, replacement cost is the preferred option.
Complete Coverage
Other Coverages Auto Repair Shops Businesses Commonly Need
A complete protection plan for auto repair shops operations typically includes several complementary coverages.
Auto Repair Shops · Commercial Property
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