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FACILITY ASSOCIATION. GARAGE RATING/UNDERWRITING SUPPLEMENT ... This section must be completed for all policies written on a garage form.
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How to fill out garage rating underwriting supplement:

01
Start by carefully reading the instructions provided on the garage rating underwriting supplement form. Make sure you understand the purpose and requirements of the supplement.
02
Provide accurate information about the garage or repair shop for which the supplement is being filled out. This may include the name, address, contact details, and any other pertinent information.
03
Fill out the sections related to the type of business and services offered. Be specific about the types of vehicles serviced, whether it is a mechanical repair shop, auto body shop, or other specialized service.
04
Provide details about the garage's safety and security measures. This may include information on fire prevention systems, security cameras, alarms, or any other safety precautions in place.
05
Disclose information about the experience and qualifications of the garage owner or technicians. This may include certifications, licenses, or any other relevant professional qualifications.
06
Describe the garage's insurance coverage, including liability insurance and any additional policies in place. Provide accurate information about the coverage limits and the insurance provider.
07
Include any additional information that may be relevant to the underwriting process. This could be details about prior claims, unique business operations, or any other factors that may affect the risk profile of the garage.

Who needs garage rating underwriting supplement:

01
Garage owners or repair shop operators who are seeking insurance coverage for their business.
02
Insurance underwriters who require additional information and details about the garage's operations, safety measures, and risk profile.
03
Insurance companies or agents who are assessing the insurability and pricing for a garage insurance policy.
Overall, the garage rating underwriting supplement is a crucial document for both garage owners and insurance underwriters. It helps in evaluating the risk and determining appropriate insurance coverage for the garage business.
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Garage rating underwriting supplement is a form used by insurance companies to provide additional information about their garage operations.
Insurance companies with garage operations are required to file garage rating underwriting supplement.
Garage rating underwriting supplement can be filled out by providing detailed information about the garage operations, including vehicles, employees, and safety measures.
The purpose of garage rating underwriting supplement is to help insurance companies assess the risks associated with insuring garage operations.
Information such as types of vehicles stored, number of employees, safety measures in place, and previous claims history must be reported on garage rating underwriting supplement.
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