Auto transport insurance is an important part of the car shipping process. It is designed to protect both the customer and the transport company in the event of an accident or other unfortunate event during the shipping process. In this article, we’ll discuss seven key points about auto transport insurance that you should know.
1. Auto transport insurance is required: All auto transport companies are required to carry insurance for the vehicles they are shipping. The amount of coverage varies from company to company, so it’s important to make sure you know what type of coverage is included in the quote you receive.
2. Coverage limits: Most auto transport insurance policies have limits on the amount of coverage they provide. Generally, the coverage limit is based on the value of the vehicle being shipped. Make sure you know the coverage limit before you book your shipment.
3. Additional coverage: Some auto transport companies offer additional coverage for an additional fee. This coverage can provide protection against damage caused by inclement weather, theft, and other unexpected events.
4. Deductibles: Most auto transport insurance policies have deductibles, which are the amount of money you must pay out-of-pocket before the insurance company will pay for any damages. The deductible amount varies from company to company, so make sure you know what the deductible is before you book your shipment.
5. Claims process: If you need to make a claim, the process can vary from company to company. Generally, you will need to provide proof of the damage and file a claim with the auto transport company.
6. Exclusions: Auto transport insurance policies typically exclude certain types of damage, such as damage caused by normal wear and tear, or damage caused by an act of God. Make sure you understand what is and is not covered before you book your shipment.
7. Cost: The cost of auto transport insurance varies from company to company. Generally, the cost is based on the value of the vehicle being shipped and the amount of coverage you choose. Make sure you understand the cost before you book your shipment.
Auto transport insurance is an important part of the car shipping process. It is designed to provide protection against damage or other unexpected events during the shipping process. Make sure you understand the coverage limits, exclusions, and cost of the insurance before you book your shipment. This will help ensure that you are adequately protected in the event of an accident or other unfortunate event.