What is the primary function of a Garage Keeper's policy?

The primary function of a Garage Keeper's policy is to provide coverage for customer's property that is in the care, custody, and control of the insured, which is often a garage or auto repair shop. This type of policy ensures that if a customer's vehicle is damaged or lost while it is being serviced or stored by the insured, the insured is protected against financial loss. It is essential for businesses in the automotive sector to have this coverage, as they are frequently responsible for vehicles owned by others while conducting their operations. This differentiates it from other types of coverage that may focus on insuring the business owner’s property, covering lost income, or protecting against theft of business assets, which do not specifically address the liability associated with handling customer property.