Wondering whether you need extra protection before shipping your car off? Maybe you’ve got an expensive ride and want to ensure your investment is well-protected? Well, whatever the case is, this is a valid question, and many of our clients ask this before handing over their vehicles to us.
The short answer to this is it depends on your car. If it is a regular use vehicle within a $100k value, you may not really need additional insurance coverage for it as the cargo insurance by auto transport company will cover it. However, if it has a higher market value, then you may need extra coverage; consider the following things in this case.
See If You Are Protected By Your Car Insurance:
Many auto insurance companies offer coverage to the car even if it is being moved; you just have to notify them before the move. Some offer coverage during the move as additional protection that needs to be bought. https://diytransport.com/how-to-import-a-car-to-canada-from-the-united-states/
Whatever the case is, you should first call your insurance company and ask them. Provide them with all the details they ask, like where the car is going, how long the transport will take, and so on, to be sure that the claim will go through in case they offer coverage, and the car gets damaged.
Ask The Coverage Amount of Enclosed Carrier:
If your car is expensive, then it is better to ship it inside an enclosed carrier where it will be protected from all the external elements and damages that may arise from accidents. The best part of this is that most car shipping companies have a higher insurance coverage amount for the enclosed carrier because it mostly houses expensive cars.
So ask the car transport company about what’s the coverage amount you will get in case all the cars get wrecked in an accident.
Ask the Transport Company If they Offer Additional Coverage:
Some car transport companies provide customers with additional insurance coverage without any extra cost. We at Easy Auto Ship do just that! We offer up to $100k additional coverage on top of the cargo coverage.
This means you may not even have to purchase additional insurance for your vehicle. Depending on the company you are hiring, be sure to ask about this as well.
Consider Getting GAP Coverage:
If all above fails or you still need more coverage for your vehicle, then you will have to consider GAP insurance coverage. This is one of the best routes for those with high-end vehicles because it covers the gap between the money you are getting from an insurance policy and the money required to cover your loss.
Wrapping Up:
A simple metric to determine whether you need additional coverage or not is just to get the market value of your car. If it is under $100k, you probably don’t need additional coverage. Also, remember, having insurance doesn’t guarantee coverage in every kind of loss; some risks like natural disasters may not be covered. SO be sure to ask the insurer about what’s covered and what’s not.
You can also get a car transport service from Easy Auto Ship because not only do we have the Cargo Insurance for all vehicles we ship, but we also offer free additional coverage of up to $100k. This, most of the time, eliminates the need for our clients to purchase any additional coverage.