Garagekeepers liability is the insurance covering damage to customers’ vehicles in the care, custody, or control of a parking operation, the exposure created whenever keys change hands. In a parking facility:
- Valet and attended operations carry the exposure directly; self-park facilities largely avoid it by never taking custody.
Considerations
- The legal principle of bailment determines when custody, and therefore the exposure, attaches. How the facility takes cars determines how it must be insured.