Freight Insurance for Equipment Shipping
Licensed transporters are required to have a certain amount of liability and cargo insurance. This means that they should be able to cover any damage that occurs during the shipping process. The terms and amount of coverage can vary from company to company, and you should ask each transporter about their coverage.
The minimum required insurance will offer you some protection; however, you may find that it falls short of the true value of your equipment. Find out exactly what protection the provided insurance offers, as well as the terms for making a claim. Ask questions about what type of damage is covered and the limits of the insurance to confirm that you are adequately protected. Should you feel more insurance is necessary, ask the transporter if they offer the option of purchasing more. If not, you can usually find a third party to insure your equipment.
Heavy Equipment loads transported through uShip are eligible for uShip Cargo Insurance. When accepting a bid, you will have the option to purchase additional coverage. This policy is all-risk, covering approved goods against damage, lost or stolen claims, subject to the terms and exclusions of the policy. This is a great option for additional insurance for Heavy Equipment valued under $500,000.