Why did valet parking purchase a related business insurance policy?
The answer to this question can include so many scenarios regarding when the business can be held liable for loss and damage incurred to other people’s property. However, the actual episode posted below about a luxury car being valeted would not classify as the norm in insurance claims.
The valet parking mistake
James Fowler was a lawyer who had come to St. Petersburg, FL to participate in an industry convention. Arriving at the Vinoy Renaissance Resort and Golf Club, where the weekend event was to be held, he handed over the keys to his multi-hundred-thousand-dollar Ferrari to the valet attendant.
No one, certainly not even Mr. Fowler, the squire par excellence, could have predicted what would happen after the delivery of the car.
Enter Levi Miles, a young wuss who wanted to make a striking impression as a wealthy man of great importance to his date.
Levi Miles pretended to be the proud owner of the Ferrari and asked the valet attendant for the keys. After greeting them and seating himself and his girl in the front seats, Miles left the valet to wait for the property ticket. In fact, the attendant waited so long that he turned the other way, not realizing that the Ferrari “owner” ran off without depositing the required ticket.
The theft went unnoticed for a short time. But it wasn’t long before a policeman noticed a traffic violation. That’s when he stopped Miles. One thing led to another until Miles confessed that the car wasn’t even his.
Once Fowler, the real owner of Ferrari, found out about the episode, he began legal proceedings for a lawsuit directed at the resort’s valet service regarding negligence…
What is valet parking services insurance about?
Your business may have a valet service if you are involved in the following healthcare, hospitality, or other industries, such as a
• Hospital
• Dance room
• Restaurant
• Country Club
• Hotel
• Art Gallery
• Museum
When a customer approaches the valet counter, the attendant takes the car key and gives the driver the corresponding identification ticket. The valet then parks the car for his convenience. When the car owner returns to claim his vehicle, he hands over the ticket along with the payment. In turn, the valet attendant returns the car to the owner.
The valet service can also provide car details and transportation tickets.
An experienced independent insurance agency would be better equipped to explain more about valet service coverage and present a custom protection policy.