What type of insurance is designed as a package of coverages for automobile dealers?

The Garage Coverage Form is specifically tailored for businesses that operate in the automotive industry, such as automobile dealers. This type of insurance package encompasses a variety of coverages that are essential for protecting the unique risks associated with operating a garage or dealership, including liability for customer vehicles, physical damage to vehicles in the dealer’s custody, and, in many cases, coverage for the dealer's own auto inventory.

The Garage Coverage Form not only covers vehicles being held for sale, service, or storage but also provides liability protection in case of accidents that occur on the premises or as a result of business operations. This comprehensive coverage makes it particularly suitable for automobile dealers, who require a specialized set of protections that standard commercial auto policies or business owner policies may not fully address.

Other types of insurance mentioned in the options focus on broader areas or do not provide the same targeted protections. For example, Commercial Auto Insurance is designed for businesses that need coverage specifically for vehicles used in a business context but does not offer the specialized coverage needed by dealers. The Business Owner Policy provides coverage for general business risks, which may not include the specific needs of an automobile dealership. Moreover, while "Dealer's Insurance Policy" sounds relevant, it is not a recognized term for a specific insurance product like