With vehicle shipping, whether across the state or the country, protecting your investment is a prime concern. However, auto transport insurance is a critical component of the car shipping process that many owners or those unsure of what it covers often overlook. Knowing that your car is being fully covered during transport can be very fulfilling by understanding the type of auto transport insurance, how it works, and why it's necessary for your vehicle.
Auto transport insurance is a specific kind of policy that protects your car whenever you are moving it with the help of a transport agency. In other words, this insurance protects possible damages which might arise from the process of transportation. Car shipping is a careful task, and while most of the professional auto transport firms will handle your vehicle with care, misfortunes sometimes do happen. Your vehicle transportation could be done on an open-air carrier, or in a closed one. Having the right auto transport insurance for your vehicle ensures you do not bear financial liability for damages during shipment.
You will want to be aware of two types of coverage when shipping a car: carrier insurance and additional insurance options.
Your auto transport company should provide a basic level of insurance that will cover your vehicle when it is being transported. Mainly, this is termed carrier insurance or basic liability insurance. Remember, though, that this is more often than not just if your vehicle meets with significant damage, like in an accident or theft.
Carrier insurance is usually by the carrier shipping company, and coverage limits are under the terms of the carrier's policy. This type of insurance normally covers:
While the carrier's insurance usually covers damages resulting from transportation, ask how much protection they provide. The difference in the scope of protection may be pretty high, and the basic coverage may not cover you in case you have high-end cars or significant damage.
It is also possible to consider additional coverage for further vehicle protection beyond the basic insurance coverage. This coverage is particularly useful for luxury or classic vehicles that need special care during transport. Some of the other coverages include:
This is also important to discuss with your car transport company before the shipping process begins. Additional coverage incurs some cost on the transport but offers protection over and above what regular transport usually provides. Hence, it is a good investment in cars that require care because they are valuable or fragile.
Even if there is insurance from auto transport companies, there are many good reasons why you should ensure your vehicle is fully covered against potential losses during transit.
Even if the transportation carriers are professional, accidents will happen sometimes. Vehicle damage can result from collision with other vehicles, severe weather, or unknown road hazards during auto transport. Comprehensive auto transport insurance will save you from paying the repair cost out of pocket.
Your vehicle is probably one of the biggest investments you will ever have. Luxury car or a family car, maybe even an antique, insurance ensures that your asset is covered. In the event of damage, your insurer will pay for the repair of your vehicle, and you will not lose the value of your car either.
Insurance coverage is indeed an important aspect when it comes to shipping your car and this is the reason why it brings the needed comfort when one wants to dispatch their vehicle. It doesn’t matter if you are moving the car across the continent or to an alien one, you can always be confident that you are taking good care of your vehicle in case of any damages and even loss.
You may incur all the costs to repair damaged cars without proper coverage when you get them. This can be quite costly, especially with top-of-the-line cars. Auto transport insurance can save you from all this.
The choice of auto transport insurance depends on several aspects. Here's what you need to consider:
Shipping a car is stressful, but you can ensure your investment is well covered with the proper auto transport insurance. It will depend on whether you decide on the basic carrier insurance or take the extra coverage available; you must understand what is included in the policy. It's always good to discuss your options with your auto transport company to ensure that you will be covered, mainly when shipping a high-value or custom vehicle. With this in mind, rest assured that your vehicle is in good hands and your investment is safe during transport.
