Final answer:
Garage insurance is a package of coverages suited for automobile dealers, providing protection for vehicles, liability, and coverage for employees and customers. It is essential for automobile dealers to protect their business and assets.
Step-by-step explanation:
The type of insurance that is basically a package of coverages suited for automobile dealers is called garage insurance. Garage insurance provides coverage for auto dealerships, including protection for the vehicles on the lot, liability for accidents that occur on the premises, and coverage for employees and customers using the vehicles for test drives.
For example, if a customer gets into an accident while test driving a car from the dealership, the garage insurance would cover any damages or injuries involved in the accident.
Garage insurance is essential for automobile dealers to protect their business and assets.