See: Guaranteed Asset Protection.
Insurance Encyclopedia
Gapfilling
Term used when no comparable, existing test is available. Insurance carrier specific amounts are used to establish a national limitation amount for the following year.
Gaps
In the Medicare program, costs or services that are not covered under the Medicare plan; referred to as Medicare gaps .
Garage Comprehensive Policy
An Automobile Insurance Coverage used to insure automobile dealers, repair shops, service stations and garage risks. Garage liability, garage keepers coverage and physical damage coverage may be included.
Garage coverage form (Vehicle Insurance)
Commercial coverage for businesses with multiple automobiles on their premises, for example, auto repair shops, dealerships, or garages.
Garage Keepers Liability Insurance
Insurance to protect garage owners or automobile dealers for liabilities arising out of their business operations.
Garage keepers’ legal liability insurance (Liability Insurance)
A form of insurance similar to bailee’s insurance. Covers a garage owner against liability for damages done to vehicles in their care or custody.
Garage liability insurance
Insurance covering the legal liability of franchised and non-franchised automobile, truck, truck-tractor, motorcycle, recreational vehicle, and trailer dealers for claims of bodily injury (BI) and property damage (PD) arising out of business operations. It includes two separate insuring agreements, “who is an insured” provisions, and “limit of insurance” provisions—one dealing with garage operations involving the ownership, maintenance, or use of autos and the other dealing with all other garage operations.
Garage liability insurance (Liability Insurance)
Liability coverage for garage owners or dealerships.
Garage policy
One of the early package policies, it is written for automobile dealers and may include liability insurance for garage operations, automobile operations, physical damage coverage on garage owned autos, bailees coverage on customers cars, and auto and premises medical payments coverage.