Do You Require Insurance Coverage During Car Shipping
Sometimes driving is not an option when moving across the country, buying a vehicle online, or attending a car fair. You might consider hiring an auto transport company to ship the vehicle. Shipping a car is an important decision for many because it is such a valuable possession. You may wonder if your vehicle is covered during transport. Even though damage to vehicles during transport is unlikely, it is possible for something to go wrong. It is therefore important to learn how shipping insurance works.
Do I need insurance?
You don't need insurance to ship your vehicle. According to the United States Department of Transportation, auto transport companies are legally responsible for carrying liability insurance. You can choose to add additional coverage to make sure your vehicle is properly insured. This is particularly important if your vehicle is a luxury, antique or exotic one. Even though less than 5% report damage to their vehicles, you can rest assured that your vehicle will be properly covered.
What is the minimum insurance requirement for shipping companies?
Auto shipping companies must have insurance to transport cars. Many shipping companies offer cargo and liability insurance. However, you need to confirm with the company. This insurance should cover damage during loading, unloading and transport. Important to remember is that the insurance covers only the vehicle and not any contents. You should not leave any personal items inside your vehicle during shipping.
What is enough insurance?
All shipping companies must provide insurance. However, the amount of the policy may vary between companies. Before you ship, make sure to check the details of your insurance policy. Also, you need to be aware of any limitations, such as "acts by God." This will allow you to determine what kind of damages are covered, how high the deductible is, and whether additional coverage is required. Check with your personal policy to see if you have additional coverage for auto transport.