When it comes to shipping your vehicle, it’s crucial to consider your car insurance coverage. While most car insurance policies provide some level of protection during transport, the specifics can vary.
Check Your Policy
Your individual car insurance policy plays a significant role in determining what is covered during vehicle shipping. It’s essential to contact your insurance provider and discuss the details. Typically, car insurance covers damage resulting from accidents or collisions that occur while your vehicle is in transit. This includes incidents like truck accidents or hail storms.
Actual Cash Value (ACV) vs. Replacement Cost
One thing to keep in mind is that your insurance may only cover the Actual Cash Value (ACV) of your vehicle and not its replacement cost. This means that if your vehicle is damaged during transport, your insurance will compensate you based on the current market value of your car, which may be less than what it would cost to replace it with a similar vehicle.
Exclusions to Watch For
Car insurance policies often have exclusions for specific types of damage. Common exclusions include damage caused by acts of nature, such as floods or earthquakes. Additionally, some policies may not cover wear and tear or damage that occurs during the loading or unloading process.
Proof of Insurance for Transport
Many auto transport companies may require you to provide proof of insurance before they ship your vehicle. This requirement ensures that your car has adequate coverage while in transit. It’s essential to discuss insurance requirements with your chosen transport company to avoid any delays.
Consider Additional Insurance
For added peace of mind, consider purchasing additional insurance coverage for your vehicle during transport. Some transport companies offer insurance options, or you can explore third-party insurance providers. This extra coverage provides an extra layer of protection in case of unexpected incidents during transit.
Just RunBuggy It!
Your car insurance likely covers your vehicle during shipping, but the extent of coverage depends on your policy. It’s essential to communicate with your insurance provider to understand the specifics. Additionally, consider purchasing supplementary insurance for added protection during transport. Don’t forget to inquire about the insurance policies of your chosen transport company to make an informed decision.
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