Get the free garage rating/underwriting supplement - Facility Association
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FACILITY ASSOCIATIONGARAGE RATING/UNDERWRITING SUPPLEMENT Name of Applicant Binder/Policy Number If space is insufficient for a proper response in any section, please attach a separate sheet showing
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How to fill out garage ratingunderwriting supplement
How to fill out garage ratingunderwriting supplement
01
To fill out the garage rating underwriting supplement, follow these steps:
02
Start by providing the basic information about the garage, including its name, address, and contact details.
03
Next, specify the type of garage operation, whether it is a repair shop, parking facility, or dealership.
04
Provide details about the garage's employees, including the number of staff members and their roles.
05
Specify the types of vehicles that are serviced or stored in the garage, such as passenger cars, motorcycles, or commercial trucks.
06
Indicate any specific risk factors associated with the garage, such as the presence of hazardous materials or the use of specialized equipment.
07
Answer questions regarding the garage's safety measures, including fire prevention systems, security measures, and employee training.
08
Provide information about the garage's previous claims history and any existing insurance coverage.
09
Review and double-check all the information provided before submitting the garage rating underwriting supplement.
10
If necessary, consult with an insurance agent or underwriter to ensure accurate and complete filling of the supplement.
11
Keep a copy of the filled garage rating underwriting supplement for future reference and record keeping.
Who needs garage ratingunderwriting supplement?
01
Garage rating underwriting supplement is needed by insurance companies and underwriters who need to assess the risks associated with insuring a garage operation.
02
It helps insurance providers in determining the appropriate coverage and premium rates based on the specific details provided in the supplement.
03
Garage owners or managers may also need to fill out this supplement when seeking insurance coverage for their garage to provide necessary information to the insurance company.
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