Is Additional Shipping Insurance Required
Sometimes driving is an option when you're moving across the country, buying a car from another state, or attending a car fair. Auto-shipping is the best option to get your car safely to its destination. Most people consider their car to be one of the most important assets they have. Therefore, it makes sense to take care of it. Even though damage to your vehicle during shipping is unlikely there are still some risks. Weather, road debris, and falling branches are all possible risks. It is therefore important to ask about insurance before shipping your car. Shipping insurance can provide you with peace of mind throughout the shipping process. Here are some things you should consider when shipping your car.
Most auto transport companies offer basic insurance coverage as part of their services. However, this coverage may not be sufficient to fully protect your vehicle in the event of damage or loss.
Types of Coverage
Additional insurance options may include full value coverage, which covers the full value of the vehicle in the event of damage or loss, or declared value coverage, which covers the value of the vehicle as declared by the shipper.
Standard insurance may not cover damage caused by inclement weather. If you are shipping a vehicle during a period of bad weather, it may be worth purchasing additional coverage.
Shipping companies offer what insurance?
Transport companies must provide basic liability coverage. The policy covers any damage that your vehicle suffers during transport, loading, and unloading. All other damage, including damage caused by your vehicle's condition before shipment (e.g. leaking oil, broken parts, etc.), is your responsibility. It is your responsibility to take care of everything else, including any damage that may have occurred due to the car's condition prior to shipment (e.g. leaking oil, loose parts, etc.). Basic liability insurance is mandatory, but the terms and extent of coverage will vary depending on the auto transport company and state requirements. It is therefore important to ask about the details of your insurance coverage before you book your shipment.
What is the right amount of coverage?
Auto-shipping companies must have coverage. However, the amount of that policy will vary from company to company. To determine if the policy is appropriate for your vehicle, it's important to ask about the details of each policy. It is possible that your expectations of coverage do not cover the true value of your vehicle. This is especially true if your car is a rare or expensive one. You may have to look for additional coverage or choose another shipping company if the company doesn't offer the coverage that you require. You should contact your auto insurance provider in addition to checking with the car shipping company. Your policy may cover your vehicle during auto transport, depending on the details.
Auto transporters are legally required to carry liability insurance according to the United States Department of Transportation. Unfortunately, fraudsters are out there. Before shipping your vehicle, always ask for proof of insurance and a description of the policy coverage. It is up to you at this point to decide if additional coverage is necessary.