It is essential to know the differences between transport insurance and personal insurance whenever it has to be shipped. These two coverages serve two different kinds of insurance, which also provide completely different coverage options. This article should shed some light on those differences and assist you in making better decisions about your vehicle's protection. Be it relocation, buying a car from an out-of-state dealer, or having a vehicle sent for a relative, knowledge of the suitable types of insurance shall help cushion a big blow.
Basically, transport insurance is specifically formulated to provide coverage to vehicles being transported by some sort of carrier. On the other hand, personal insurance will cover a vehicle when it is driven on public roads. Therefore, what differs is basically the degree of coverage required. Transport insurance protects the vehicle against damages that may occur during transit while personal insurance does not cover transportation scenarios.
As it can be easily seen, these are totally different; transport insurance is bought by a transportation company to cover its vehicles while the personal insurance is bought by the car owners to cover their vehicle while they are driving.
Car transport insurance refers to the use of a regular type of insurance intended to protect transporting automobiles. Usually, such insurance is taken by a company that carries out the transportation and becomes part of the price for this service. It covers all imaginable risks connected with actual vehicle transportation, and so it protects both the carrier and the owner of the transported vehicle from possible damages.
The process usually starts when one hires a transport company. It then appraises the value of the vehicle and determines what should be covered for the trip. In the event of an accident or damage while the vehicle is being transported, the insurance will trigger to pay the bill based on what is in the policy.
Car transport insurance generally includes coverage for:
Although car transport insurance does cover almost everything, there are a few exceptions:
Personal insurance covers your car while in usage. It protects the owner from damages that may occur due to varied incidences of accidents, theft, and other eventualities at the time the vehicle is being used. By law, the auto insurance covers you to use on the public roads, giving coverage to liabilities held if such damages are caused to others.
Most of the time, it is a policy holder that buys personal insurance which best suits one's driving habit and type of vehicle with respect to one's budget. Everyday use is important in terms of not only keeping the vehicle safe but also for securing you financially from any accident.
Personal insurance typically includes:
Certain contingencies are normally exclusions to personal insurance. For example:
It is important for owners to know the difference of such types of insurance: while auto hauler insurance provides necessary protection when a vehicle is under transport, personal insurance protects a vehicle in transit on public roads. A more efficient way of safeguarding vehicles and making informed decisions on what's needed for insurance can be arrived at by understanding the explicit provisions and exclusions of each. It is always best to check with your insurance company to make sure you are covered for your specific situation, whether you are hauling a vehicle or driving it on the roads.
No, this is usually excluded in personal vehicle insurance when it comes to the carrier's liability regarding damages happening while in transport. Ask more to your local car insurance companies about covarages.
Indeed, car hauling insurance cost would generally be factored into the overall cost associated with having one's vehicle transported by a carrier. Checking a car is insured or not is of real importance in these situations.
Yes, you would need car transport insurance for that period. Personal insurance policies do not include damages during transportation.
Ask the car shipping company for the details of their car transport insurance so that your vehicle is properly insured.
To make a vehicle insurance check, talk more with the company specifically about the coverage, such as physical damage, liability coverage, total loss coverage, and exclusions applicable to be fully covered.
Car shipping insurance is usually provided by the transport company itself, though one can ask about other extra coverages available. In order to get information about the prices, you can use the car shipping cost calculator on Bold Auto Transport website to get an estimate.
Inform the auto transport company about the damage briefly and proceed to the insurance company for a claim as quickly as possible to start the process of claims.
