Statics say that less than 5% of the vehicle transport services have problems during shipping but actually 5% is not a small percentage. Accidents happen out of nowhere so your vehicle might be one of the damages vehicles too. Taking your precautions is the best solution. Arranging insurance for your transported vehicle is the best solution even if the dangers are not so big.
This guide will tell you nearly everything you need to know about vehicle transport services and insurance.
1. Vehicle Transport Services Shipping Insurance Requirements:
Understanding auto shipping insurance requirements is the first step to be able to arrange your insurance well. In order to run an authorized vehicle transport services, you need to have a liability insurance policy. Your auto transporter must have cargo insurance policy too. When your transporter has these two insurance policies, it means that your vehicle is covered against damages as these policies will cover any kind of damages. Pay the insurance deductible and make sure to read all the terms of the contract that you will sign. Companies differ in their terms and amount of coverage so you really need to inspect the transporter’s coverage.
The vehicle transport service agent has to show you the insurance certificate. You will find a number; call the insurance company and make sure that the transporter has a legal insurance.
2. Is The Minimum Coverage Enough?
First of all, you need to be comfortable with the amount of coverage and the policies that your transporter has. You need to make sure of the minimum coverage that the transporter has to make sure that if something happened to your vehicle, you will have enough money to compensate the damage or the whole value of your vehicle in case it is stolen, towed, or gets a flat tire. Ask the right questions like the type of damages that is covered, what parts of the vehicle are covered, the amount of the deductible, the limits of the coverage, and the possibility to buy an additional coverage or not.
Arrange everything between your auto insurance company and your transporter. It is better to notify your auto insurance company that you will have your vehicle transported.
3. What if you needed a claim?
When your vehicle arrives, inspect it well. This is your only chance to make sure that your vehicle is good and without any kind of damages. In most cases, you will not be present at delivery so you need to assign the mission of inspecting and assessing your vehicle to someone who is trusted.
If there is any kind of damages in your vehicle, make sure that your representative will have them pictured. Pictures are the best idea to document the damages. If your vehicle arrived at night, make sure to inspect it under strong and bright light or wait until the morning and inspect it; just don’t receive the vehicle before inspecting it well.
If there are any damages, contact both your vehicle insurance company and the transporter and resolve the problem. Of course you need to choose a reputable transport services from the beginning to make sure that they will solve any kind of problems.
