Business & Finance Renting & Real Estate

Pennsylvania Vehicle Safety Inspection Station Regulation Insurance Requirements

    Commercial Insurance

    • Before opening a safety inspection station, Pennsylvania mechanics must get commercial liability insurance. The insurance must cover up to $50,000 of damages for each service that the station offers. For example, if the station offers oil changes in addition to vehicle inspections, the insurance must cover $100,000 worth of total damages -- $50,000 for inspections and $50,000 for oil changes.

    Insurer

    • Insurers must be licensed to practice in the Commonwealth of Pennsylvania. The inspection station can use national insurers as long as they are authorized to underwrite commercial insurance policies in Pennsylvania. They can also use local insurers. However, they cannot use local insurers that do not have the right to underwrite policies in Pennsylvania -- for example, a station cannot use a New Hampshire insurer who is only licensed to work in New Hampshire.

    Mandatory Nature

    • Commercial liability insurance is mandatory for running an inspection station in Pennsylvania. Not only do applicants have to present proof of insurance when they apply for a license to open a station, but they must renew their insurance every year and must keep it current. If a station owner cancels his insurance or allows it to lapse, he cannot legally operate his station until he reinstates his insurance.

    Purpose

    • The purpose of commercial liability insurance is to protect the station owner in the event he accidentally damages a vehicle while servicing it. The insurance covers both exterior and interior damage to the vehicle. For example, if the mechanic accidentally bumps the wall while pulling the vehicle into the garage, his insurance will cover it, just as he will be covered if he breaks something in the vehicle's engine.

SHARE
RELATED POSTS on "Business & Finance"
Flagler - Florida Commercial Properties
Flagler - Florida Commercial Properties
How to Interview a Realtor
How to Interview a Realtor
Florida Real Estate - Home Acquisition Tips That Will Work For You
Florida Real Estate - Home Acquisition Tips That Will Work For You
How to Get Comparable and Low-Priced Houses Among Troy Homes for Sale
How to Get Comparable and Low-Priced Houses Among Troy Homes for Sale
Underwater Mortgage Foreclosure Options - Yes, You Have Them and Here's What They Are
Underwater Mortgage Foreclosure Options - Yes, You Have Them and Here's What They Are
Make Money Wholesaling Luxury Homes - Selling Even 1 Home Can Make Your Life Easy!
Make Money Wholesaling Luxury Homes - Selling Even 1 Home Can Make Your Life Easy!
The best Community Management in San Diego
The best Community Management in San Diego
Selling Your House in a Buyers Market
Selling Your House in a Buyers Market
Eco-Friendly Qualities to Look for When Buying a House
Eco-Friendly Qualities to Look for When Buying a House
Search Suitable Property in Chandigarh through Free Classified Site
Search Suitable Property in Chandigarh through Free Classified Site
Points to consider before investing in property buys
Points to consider before investing in property buys
Moving to the Right Neighbourhood in a New City
Moving to the Right Neighbourhood in a New City
The Home Inspection Period
The Home Inspection Period
How to Protect Rental Income
How to Protect Rental Income
Commercial Real Estate Teams - Setting Sales and Listing Targets That Really Mean Something
Commercial Real Estate Teams - Setting Sales and Listing Targets That Really Mean Something
Photographing Properties For Sale
Photographing Properties For Sale
Flats Available For Sale In Eldeco Magnolia Park Noida
Flats Available For Sale In Eldeco Magnolia Park Noida
Greater Cash Flow, Greater Returns- Investing Across State Lines
Greater Cash Flow, Greater Returns- Investing Across State Lines
Top Factors to Consider When Looking at an Online List of Home Foreclosures
Top Factors to Consider When Looking at an Online List of Home Foreclosures
Foreclosure Help is on the Way
Foreclosure Help is on the Way

Leave Your Reply

*