If you are going to be hauling autos you will need to make sure that you are properly covered.
We are going to discuss who might need these policy types and the different types of insurance policies you should consider to make sure you are adequately insured for hauling cars.
Car haulers are commercial vehicles that provide a service of transporting one or more vehicles from one place to another. Whether you are hauling these cars across town or across the country you should familiarize yourself with certain coverages below.
Liability insurance will cover the damage you do to another vehicle, property, or bodily injury to an individual should you be liable in an accident.
The limits of liability will vary depending on the following:
- The state the vehicle is registered in
- Whether you are crossing state lines
- The number of automobiles you are capable of hauling
- The gross vehicle weight of your vehicle you are using to haul the cars
- Your contract requirements with the company you are hauling for
This covers the damage to your vehicle in the event of an accident. Your insurance company will pay out the value of your vehicle minus whatever deductible you choose. This coverage is also referred to as comprehensive and collision coverage.
This coverage refers to the damage to the vehicles you are hauling while they are in your care, custody, and control. This is almost always required in any contract you would have. The requirements can vary depending on the number and value of the vehicles you are hauling. Any damage that occurs during the transporting of these vehicles will be your responsibility and without having a cargo liability policy you will have to pay out of pocket.
Just like in a personal auto policy you should check your policy for additional coverages such as medical payments, uninsured motorist coverage, etc.
Some of the common customers that will need to use auto haulers are below.
- Auto wholesalers
- Auto dealerships
- Auto auctions
- Leasing and rental car companies
If you would like more information on auto hauler insurance or would like a quote, we have agents that are very knowledgeable on the subject and our rates are some of the best in the industry. We recently saved on our customers $7,485 per year by switching to our agency and they had a relatively small operation. Please contact us at 704-494-9495.