When moving across the country, attending a car show, or purchasing a vehicle from an online dealer, sometimes driving isn’t an option. In this case, you may be considering hiring a professional auto transport company to ship your vehicle. For many, shipping their car is a big decision, given that their car is a valuable possession. They may be wondering whether or not their vehicle is insured during vehicle transport. Although damage during vehicle transport is unlikely, there is still the possibility that something could go wrong during the process. For this reason, it is important to understand how shipping insurance works.
The short answer is no, you are not required to have insurance in order to ship your car. The auto transport company is legally responsible for carrying liability insurance per the United States Department of Transportation. That said, you may opt for additional coverage to ensure your vehicle is adequately insured. This is especially important if you are shipping a luxury, antique, or exotic vehicle. Although less than 5% of cars that are transported report any damage, it will still give you peace of mind knowing that your vehicle is properly insured.
As stated before, auto shipping companies are required by law to have insurance for the cars they transport. Most companies offer liability and cargo insurance, though you should confirm this with your specific shipping company. This insurance should cover any damage that might occur during loading, unloading, or transport. It is important to note, however, that this insurance only covers the car and not anything inside it. This is why you should never leave personal belongings inside your vehicle during shipment.
Although all shipping companies are required to provide insurance, the exact amount of the policy might vary from one company to another. That’s why you need to verify the specific details of the insurance policy prior to shipment. You also want to pay attention to any limitations that might exist, such as “acts of god.” You need to find out what type of damages are covered, how much the deductible is, and whether or not you will need to purchase additional coverage. You should also check with your personal policy, as it may provide additional coverage for auto transport.
Frequently Asked Questions
Answers to Your Car Moving Questions
The hardest thing for people researching car moving companies to understand is that the prices they are getting are not hard and fast gaurantees, but rather ESTIMATES of what one company thinks it will take to get a vehicle moved promptly versus another company's opinion of what it will take. Don't be fooled, there are not carriers committed to take your vehicle at these quoted prices, the company you choose will still have to get to work getting a carrier to commit to move it at the price they quote you.
Your total price breaks down into two parts, the broker's fee (or 'deposit' as everyone calls it) and the carriers fee (your COD amount) Make no mistake about this, EVERYONE YOU ARE GETTING SALES CALLS FROM IS GOING TO BROKER YOUR MOVE. In this industry, there are brokers who try to fool you into thinking that they are the actual carriers and there are an equal amount of carriers who sell themselves on the fact that they have a truck or two but are not being honest about the fact that they broker out 90% of the orders they book. Here is a quick easy way to tell, if a company takes an up front fee, whether they call it a deposit or any other name, they are a broker. Carriers do not take any payment until the vehicle is delivered.
In our opinion, you are crazy to do so. Have you ever been paid up front for the work that you perform for your employer? Why would you pay a fee up front when there are reliable and trustworthy companies like ours that won't ask for it until we provide you with your carriers details?
The average transit time from pick up to delivery on any vehicle going coast to coast will be between one and two weeks. From there you can figure your transit time based on how far your vehicle is traveling, i.e. from either coast to the Midwest might average 3-7 days.