Garagekeepers extra legal liability

Term · Insurance and risk management · MLC-T-INS-001625

An optional coverage endorsement added to a garagekeepers liability policy that provides protection for a customer's vehicle even when the garage owner is not legally liable for the damage. This coverage responds to losses from perils like theft or vandalism that occur on the premises, regardless of the business's negligence, functioning as a goodwill gesture. It converts the standard legal liability coverage into a form of direct primary coverage for the customer's property.

Table 1. Record
Identifier	MLC-T-INS-001625
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001625",
  "term": "Garagekeepers extra legal liability",
  "field": "Insurance and risk management",
  "definition": "An optional coverage endorsement added to a garagekeepers liability policy that provides protection for a customer's vehicle even when the garage owner is not legally liable for the damage. This coverage responds to losses from perils like theft or vandalism that occur on the premises, regardless of the business's negligence, functioning as a goodwill gesture. It converts the standard legal liability coverage into a form of direct primary coverage for the customer's property.",
  "url": "https://mlchart.com/terminology/insurance/garagekeepers-extra-legal-liability/"
}

Record 1,533 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.