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Insurance Glossary G

Triangle

 

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

 

Gap coverage

Insurance for a lessee designed to cover the difference in selling price between a vehicle’s actual cash value, and the payout left on a lease. 

 
Garage policy

One of the early package policies, it is written for automobile dealers and may include liability for garage operations, automobile operations, physical damage coverage on garage owned autos, bailees coverage on customers cars, and auto and premises medical payments coverage. 

 
Garagekeepers liability

A bailee coverage applying to automobiles. Commonly included in garage policies, it may be written to provide coverage for limited perils or for comprehensive physical damage, with or without collision damage coverage. Coverage may be expressed as covering the legal liability of the garagekeeper or amended to cover on a direct basis, as primary insurance or excess. 

 
Glass insurance

Commercial property form that covers plate glass, glass signs, lettering, etc. 

 

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