Avoiding pitfalls: Why car transportation without insurance is a big mistake?

In today’s world, people often need to move cities, even states, for their job, family and personal reasons. In doing so, a common question that arises is whether having an insurance will cover any damage incurred during car transportation. If you have a similar query, go through the entirety of this page for a detailed explanation.

What is transit insurance?

In simple terms, transit insurance is a type of insurance that financially covers goods that are being transported from one location to another against any transit risk. It applies to goods being transported via rail, water, air and roadways.

Who needs transit insurance in India?

Transit insurance in India is mainly suitable for individuals and businesses associated with moving goods regularly. In this case, a single transit policy can suffice if you want to transport your vehicle from one place to another for a single occasion. However, ordinary individuals who already own comprehensive car insurance and need to move their car may not require this type of policy. Note that the cost of transit insurance depends on the commodity type, mode of transport and overall selected cover amount.

Does a comprehensive car insurance cover damage incurred while in transit?

In India, it is mandatory to have at least a third-party car insurance cover for motor vehicles. While third-party liability insurance is cheaper, investing in a comprehensive car insurance plan is widely recommended for the enhanced benefits and coverage it offers. One such benefit is protecting the insured vehicle against damages sustained during transit. It means that in the event your four-wheeler sustains any damage during transit via rail, water, road or airways, the insurer will offer financial compensation for the loss.

So, if you don’t have comprehensive car insurance, getting one before transporting your car would be a wise choice. Also, if your transporter has a marine insurance, then in case of any damage arising due to their negligence, you can claim on the transporter, who would be responsible for recovering the damages from their insurance. However, if you are not able to receive compensation from the transporter, you can resort to your policy for the claim. Hence, make sure to purchase a comprehensive car insurance only after carefully going through the policy wording. Because car transportation without proper insurance can lead to major financial burdens if your vehicle sustains damage in transit. So, avoid making this mistake that many new vehicle owners do.

Conclusion:

This sums up why having insurance while car transportation is vital. If you don’t want to sustain a severe financial loss in case of a mishap during car transportation, then make sure to opt for comprehensive car insurance for your four-wheeler. Buy car insurance online from Zurich Kotak General Insurance in just a few simple steps.