Does Collector Car Insurance Cover Car in Transit
I have a car we just recently purchased and enlisted a carrier to transport from Washington to Chicago.
The carrier uses 26" enclosed box trucks to transport vehicle. The party who we purchased the car from assisted in installing I hooks in the floor of the truck as well as ratchet strapping the car in place for transit. The vehicle was very well secured - cross strapped and tighted by removing all movement out of the suspension.
Apparently one or several of the anchors failed and the vehicle broke loose and hit the front wall of the truck. The damage has been estimated in the $2500 range by the party that restored the car.
My question is - I have the collector car insurance sold through Barrett Jackson and written by Chartis. The policy does have an inclusion for recently purchased items as long as they are reported within 90 days of purchase.
Being that I anticipate issues with the carrier's insurance, would my coverage cover such a vehicle during transport with a carrier? Would they act as the first line of coverage and subrogate the carriers insurance to be reimbursed for damage?
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