5 questions to know if you have enough car hauler insurance

As a car hauler, you’re transporting some of the most expensive cargo in the industry. Do you have the car hauler insurance you need to cover a major accident? Or would losing a truck and its cargo put your auto hauling business in a serious bind? It’s really important that you have the proper insurance to protect your business.

Ask these five questions to determine if you have enough insurance to haul vehicles.

Who Do You Haul for?

Car hauler insurance needs vary greatly based on who you’re hauling for.

Do you haul for a/an…?

  • Auto wholesaler
  • Private owner
  • Repossession company
  • Dealership
  • Manufacturer
  • Luxury dealership
  • Classic car show
  • Cross-country moving company
  • Towing company
  • Auto repair shop
  • Custom car dealer

Not only will the client likely require certain insurance minimum, your risk and potential losses may be greater when hauling for certain types of clients. Be aware of that when you’re figuring out your auto hauler insurance.

Does the Client Carry Some of Your Risk?

The client may be carrying some of the risk for your shipment, as outlined in your contract. Revisit your client agreements to see what kinds of losses you’re expected to have coverage for. Be sure to get clarification on things that might need to be clarified. It never hurts to ask questions about things you’re curious about.

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What Kinds of Insurance Should a Car Hauler Have?

As an auto hauler, you’ll likely need:

  • Auto liability – Covers the medical bills and damage for the other driver if you’re in an accident, required by law
  • Physical damage  – Covers your truck and trailer. Collision only covers your truck if it’s in a wreck. Comprehensive covers other losses like theft, fire, or vandalism.
  • Medical coverage – Covers your driver’s medical bills
  • Cargo coverage – Covers the vehicles you’re transporting

While the above are essential to prevent a bankrupting loss, other forms of coverage are recommended like:

  • Uninsured/Underinsured motorist
  • Bobtail
  • Garagekeepers

What Are the Industry & Client Minimums?

It’s extremely important to make sure that you’re carrying the appropriate amount of insurance. Pay attention to both requirements for your contracts and government requirements. That’s essential when it comes to protecting your business.

How Far Are You Hauling?

Are you hauling vehicles a few blocks or cross-country? Long trips typically mean greater risk. Your driver may need to stay somewhere overnight opening you up to additional risk of theft or vandalism. If you’re car hauling long distances, make sure your auto hauling policy reflects that added risk.

Car Hauler Insurance Made Easy

When’s the last time you took a look at that policy? A lot can happen in just a few years in the auto hauling business. Does it meet your current business needs? It’s time to find out. We know you hate shopping for the best car hauler auto insurance. That’s why we make it easy to save money on auto hauler insurance. Fill out a simple form. Then we shop the best rates on the best coverage. Get your free quotes today – our team would be happy to help.