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GLOSSARY

 GLOSSARY TERMS by Alpha
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Gap coverage
Garage policy
Garagekeepers liability
GIC
Glass insurance
Glass-Steagall Act
Grace period
Graded premium policy
Gross earnings coverage
Group Certificate
Group insurance
Guarantee funds
Guaranteed insurability (Guaranteed Issue)
Guaranteed renewable
Guaranteed term
Guiding principles

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.

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