DIVISION OF MOTOR VEHICLES
To: All DMV Regional Offices
From: Carl A. Ford, Director
Advisory Number: BFO07-01
This notification is to advise you of important information regarding the Garage Liability Insurance policy. Pursuant to section 320.27(3), and 320.771(j), Florida Statutes, a dealer license applicant must submit with their application, a garage liability insurance policy, which shall include, at a minimum, $25,000 combined single limit liability coverage including bodily injury and property damage protection and $10,000 personal injury protection (PIP). The dealer license applicant can submit proof of the garage liability insurance coverage in the form of a garage liability insurance policy, declarations page or certificate.
If the applicant has a main lot and several sub-lots, the $25,000 GLI covers all lots. If the applicant has multiple dealerships (different dealer license numbers), one garage liability insurance policy may cover all the dealerships located at different locations. In such a case, we can accept the garage liability insurance policy using the same policy number if the following requirements are met:
· The dealerships shown on the policy are owned and operated by the same person/corporation.
· The policy states the minimum garage liability insurance coverage amount of $25,000 per dealership for combined single limit liability coverage including bodily injury and property damage protection. For example, the garage liability insurance policy must reflect a coverage amount of $100,000 for four dealerships owned and operated by the same dealer.
· The PIP coverage of $10,000 is specified. Please note that PIP coverage for each business is not required. The PIP coverage of $10,000 for each occurrence will cover all dealerships owned by the same dealer.
If you have further questions or need further assistance, please contact your Dealer License Representative.