Insurance Liability Rate Factors

[mjwalsh]

We have saved on our liability insurance over the years by separating the laundromat, dog wash & vending income from self service car wash income. Anybody besides me wondering why the self service car wash category has a liability rate multiplier a quite a bit higher than the other isolated categories?

For those who have both drive through car washes & wand style ... does it help to separate the two? Do your insurance underwriters just lump both the drive through & the wand type together?

I am just concerned about the insurance underwriters charging more for the car wash category because they can ... rather than basing the extra charge on actual statistical evidence.

Any thoughts? I am thinking this could be a sensitive & somewhat intimidating subject for many of you ... so I will understand if there are no responses.

 

[Robert2181]

I have a 100' tunnel, Quick lube, self serv bays, tire center and laundromat. Anything automotive related is all priced the same rate.

 

[washnvac]

My insurer just asked for those breakdowns this past year fir the first time. They wanted separate s/s, automatic, vending, and vacuum. My rates did not go down because of this. But they did not go up either.