Friday 29 June 2012

Insurance Quality:Overseas shipping insurance

If you need to ship your classic car overseas by boat or air, Hagerty’s overseas shipping insurance provides the port-to-port coverage you need. Keep in mind, these activities are not covered by your basic auto insurance policy. Product details Overseas shipping insurance protects your car against physical damage and theft during transit by air or sea. Hagerty’s Guaranteed Value coverage guarantees that you receive the full insured amount of your precious cargo in the event of a covered total loss while in transit. Additional tips Aside from securing the proper coverage, here are some other things to keep in mind when preparing to ship your vehicle overseas: Keep the vehicle’s title and registration with you, not in the car. (Also keep copies of the overseas insurance policy.) Make sure to drain your fuel tank if possible. If not, keep it under a quarter tank. Most shippers will not accept fuel over this amount. Leave your keys with the shipper and keep a spare set with you. Prior to leaving your vehicle with a shipping company, be sure you receive a “pre-shipment vehicle condition report.” This report provides pickup and delivery information, current mileage and, most importantly, it shows the condition of your car at the time of pickup. At the time of delivery, inspect your vehicle and compare the condition and mileage against the pre-shipment report provided by the freight forwarder or shipper at origination (depending which you use). If there are inconsistencies, note them as exceptions and be sure a qualified representative of the company signs the report.

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