Auto Haulers / Transporters
Auto transporters face unique risks that most truck insurance policies don’t cover. Our Auto Transporter Insurance Program provides coverage for those unique exposures.
Why the Auto Transporter Insurance Program?
As an auto transporter, day-to-day operations expose your company to unique risks that traditional insurance policies do not cover, leaving the Auto Hauler exposed to huge financial risk.
The Auto Transporter Insurance Program provides comprehensive coverage for these risks.
Auto Transporters: Key Areas of Exposure
Diminished Value
The actual or perceived loss in market value or resale value that
results from a direct or accidental loss to an auto being
transported.
When hauling new automobiles, your driver is unloading a new car
worth $45,000, hits a pole and does $5,000 damage to the car. Once
the car is repaired, the dealer may only be able to sell the car for
$35,000 due to the damage. Most policy coverage is only going to pay
$5,000 (less the deductible) to fix the car. The dealer will seek
the remaining $10,000 from the auto transporter, which the auto
transporter pays out-of-pocket. The Auto Transporter Insurance
Program will pay that dealer the $10,000.
Most policies consider this “consequential damage” and do not cover
this loss.
Constructive Total Loss
A new auto that is damaged while being transported that can be
repaired to a safe driving condition, but not new car condition.
A driver damages the roof of a new Nissan. Although it would
only cost $5,000 to repair the roof, Nissan crushes the car due to
liability concerns. Most insurers are only going to pay $5000 for
this claim with the auto transporter paying the difference out-of-
pocket. The Auto Transporter Program will pay the cost of the
car, allowing the shipper (your customer) to determine the
classification of damages, not the insurance company.
The Auto Transporter Insurance Program protects your
relationship with your customer offering a distinct advantage for
you over your competitors!
Striking Of the Load
If a load is too high and damage occurs while passing under a bridge
or structure spanning across the roadway overhead, the Auto
Transporter Insurance Program covers this type of loss.
Many policies do not include even this basic coverage.
Theft from Unattended Vehicle
When a tractor/trailer is left unattended and a theft occurs, many
policies have numerous exclusions to avoid covering this type of
loss. The Auto Transporter Insurance Program covers this
loss providing the tractor is securely locked, and the windows are
fully closed.
Close attention must be given to the details of any other cargo
policy to verify coverage against this type of loss. The size of the
potential financial risk in this scenario can be devastating.
Additional Benefits
Hired and Non–Owned coverage
Many auto auction facilities require coverage when an auto
transporter enters the property to provide protection while
physically driving an auction vehicle to or from an auto hauler. The
Auto Transporter Insurance Program provides this coverage
.
Symbol 10 Endorsement
Coverage provided for a car that is driven to its
destination point from loading/unloading.
Auto Transport drivers are often required to unload a car and
drive it across the street - or down the road - to the dealership.
Some insurers limit coverage to within 50 feet of the transporter.
The Auto Transporter Insurance Program provides this coverage
to ten miles.
The Auto Transporter Insurance Program provides all
coverage written under one policy by one insurer:
Auto liability, general liability, cargo, physical damage, dealer
tags, and transporter tags. The Auto Transporter Insurance
Program eliminates the problem of dealing with more than one
adjuster on a claim.
Over the years, Transure has always made decisions which were in the best interest of Grayson Mitchell, Inc. We have saved a great deal of money and have been effective in improving our overall insurance program.
John Rawls - Grayson Mitchell, Inc.
We have a very good partnership with Transure which we feel resulted from their understanding of our business needs since they specialize in trucking insurance. Their service and expertise has served us well over the years as their client.
Ralph Linville - Southland Transportation Company, Inc.