Car Transport Insurance
Do You Need Car Shipping Insurance?
The simple answer is yes. And here’s why. Even though over 95% of vehicles are shipped without any damages, accidents can happen. Even if the auto shipper does everything right, another vehicle may cause a mishap that the shipper has no control over. You might have seen this while driving your own car and some of you may have experienced it firsthand. You might have been waiting at a red light and someone behind you on their mobile phone barrels into you or you could have been driving down the highway and suddenly someone changes lanes without looking in their blind spot and you are run off the road. The damage may not even be caused by another driver but by a weather event, such as a brutal hailstorm.
No matter the cause, it is always a good idea to cover your car with insurance.
What is Car Shipping insurance?
Law requires auto transporters to carry a certain amount of liability insurance. This covers your car if it is damaged and it is determined to be the auto shipper’s fault. Find out the terms and the amount of coverage of your auto transporter’s policy and also verify their certificate of insurance. Any reputable transporter will be happy to show you this. Also, find out if any deductible is required on a damage claim.
Is the Coverage Enough To Cover the Value of My Car?
You need to know if the policy limits will actually cover the real value of your car. Normally insurance policy limits are determined by the Kelly Blue Book value of the car. So do your research and if necessary carry additional protections in the form of excess coverage or gap insurance, particularly if you have a vintage or collector automobile.
What is Excess or Gap Insurance?
Excess or gap insurance covers the difference between the limits of your primary policy and the actual value of what it would cost you to replace the car. So for example, if the Kelly Blue Book values your car for $20,000, but you know it would actually cost $23,000 to replace it you can carry an excess or gap policy to cover the extra $3,000.
Will My Personal Auto Policy Cover Car Shipping?
It may, so you need to give your agent a call and explain exactly how and where you are shipping your car. If they do, they will let you know or they may offer a special policy you can buy to cover the car shipping. Keep this is mind. Your policy may cover auto shipping, but you also want to know the limits of the coverage and the deductible so you can compare it to the policy offered by the auto transporter.
How Much Does the Auto Transport Insurance Cost?
Costs vary depending on the value or your vehicle, but keep this in mind. Sometimes the transporter includes the insurance cost in the shipping rate quote and sometimes they do not. So when you compare costs to ship, you need to make sure you differentiate between the quotes that contain insurance costs and the ones that do not.
If you are interested in receiving a shipping quote now, simply fill out the easy form on this page.