
Not all car shipping insurances are the same, and just because your contract includes mention of insurance coverage does not mean all types of damages are covered.
The first step is to know what the basic coverage includes. In most cases, this covers protection against theft and damage during vehicle transport. Coverage, however, may not include damage caused during storage (if you’re not available to receive your car on the stop) or once the car is accepted into international customs. Also, insurance from your car shipping company may not cover accessories, such as radios, alarm systems or DVD players, especially if they are not factory standard.
Another thing to ask your car shipping company is whether their insurance is primary or secondary to your own. If it’s secondary, your own insurance company will pay for damages first, and the vehicle shipping company will pick up the tab for anything not covered by your own insurance. While this protects you against out-of-pocket expenses, it may result in insurance rate increases in the long run, so you might want to find out the pros and cons of each option.
Tags: Car Shipping, car shipping contract, car shipping insurance, insurance, insurance companies
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