Many vehicle dealers across the world offer shipping services to their buyers at an extra cost. Dealers, who are unable to do so, refer their customers to shipping companies who they do business with from time to time. Before engaging any shipping company, it is necessary to find out from their printed laws what their law on insurance includes. Most shipping companies do not pay their customers for damages that occur while the vehicle is on transit. Dents and breakages are usually left to the customer to meet at their own cost, once the vehicle has left the port of destination.
International insurance is necessary because vehicles while on transit go through a lot of processes. Some vehicles reach their ports of origin with devices like music players, DVD, spare-wheel missing. This is why it is important to have a Valuation Report before the car is shipped. This will enable the shipping company and the buyer to work on a workable insurance rate. There are several available insurance policies that are meant to cover different shipping procedures. Which ever policy is available, it is important to find if it covers the full international shipping rates.
The international policies are categorized in different classes. Some are meant to cover full shipping i.e. they include spare-parts and the car at large. Others cover only the cost of the vehicle upon transit, while the last includes full shipping, spare-parts and any other damage that might occur on transit. Insurance is meant to cover the car and help repay any damages that might have occurred while on transit. The Bill of Lading is usually signed before the car leaves the port. Upon reaching the port of destination, the clearing agent is required together with the owner (if available) to confirm if all is well and there are no damages.
Once all the above procedures have been taken into effect and any damages occur on transit. A claim can be sent to the shipping company to effectively reimburse damages incurred while the vehicle or car was on transit. This is why it is necessary to work with companies whose reputation is not questionable.