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Originally Posted by CRCRFT78
Can those of you that do this for a living or have had cars shipped give me some insight into the insurance aspect of this. Are the transporters covered under a set dollar amount, say a $5 million policy and the items being shipped insured under a separate dollar amount or the same policy?
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I don't do autos, but in my end of the business, carriers typically carry a pretty much standard $100k cargo insurance. They have separate liability insurance. Be aware that the trucking industry is very specialized, I do general types of consumer and business to business cargo. The auto transporters probably ONLY do autos/wheeled things. Bulk liquids/solids, alcohols, household goods, etc are all fairly distinct types of cargo. I would guess the auto transporters include insurance needed in their pricing. Of course, any amount of insurance can be bought. One of the difficult things about shipping autos is that they are not
new, so valuation and condition are very important to determine
before shipping.
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Brokers may not know what the Individual Trucking Co's are offering and that is another down-side to Brokers.
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I am a broker. Any decent broker will know the insurance of the carriers they use. But that said, there is no reason to use a broker to ship a car. The advantage a broker brings is access to thousands of carriers that a typical individual or company doesnt have. And I have a network of carriers that depend on me to find them loads. I can get cheaper rates than an individual because of the shipping volume I do (10's of thousands of loads from my office). That doesn't apply in the car shipping world, it is pretty easy to find the good carriers, and no one is shipping very many.