For many people, their car is one of the most valuable things they own. Therefore, it only makes sense that they want to be sure it is well protected. Though damage during auto transport is unlikely, there is always the small chance that something could happen to your vehicle. This is the reason why it’s important to make sure your vehicle is insured when it is being transported from one location to another by an auto shipping company. Here are a few things you need to know about shipping insurance before handing your car over to a shipping company.
What is Covered?
Auto shipping companies are required by law to provide insurance for the cars they transport. Most companies have liability and cargo insurance, meaning that your vehicle should be covered for any damage that occurs during transport. However, it is always a good idea to check with the auto shipping company and get a printed copy of their insurance policy. There might be limitations to their policy for certain things like “acts of god” (floods, tornadoes, earthquakes, etc.) Once you are familiar with the company’s insurance policy you can decide whether or not to purchase additional coverage.
What to Ask Your Insurance Company?
In addition to checking with the car shipping company, you should also speak to your own auto insurance provider. Depending on your policy, you vehicle may be covered during transport. You will want to find out from your provider what damages are covered, such as those from weather, debris, theft, and negligence. If your policy does not cover auto transport, you might need to look into adding additional coverage to your vehicle for transport.
Other Information to Tell Your Insurance Company
In addition to general information regarding the policy, you want to notify your insurance company of the shipping company that will be transporting your vehicle as well as the distance your vehicle is being transported. Furthermore, you should remove all items from inside your vehicle and do a complete inspection of the vehicle prior to shipment and document the car’s condition. Upon arrival, you will want to perform another inspection and immediately document any damage. It is critical to report any new damage as soon as possible upon delivery so that you can make a timely claim if needed.
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