Constructive Total Loss
A new auto is damaged while being transported that can be brought back to a safe and
drivable condition but cannot be brought back to new car condition because the cost to
repair the vehicle is more than the actual cash value of that vehicle.
For example, a driver damages a new BMW. Although the repair will only cost $10,000,
BMW will total the vehicle due to liability concerns. Most insurance companies will only
pay the $10,000 damages less the deductible and the dealer will go after the auto hauler
for the remaining amount due. With the Safeguard Program, the insurance company will
pay the full cost of the vehicle.
Striking of Load
Many auto haulers may strike the exposed load whiling passing an overhead structure
or passing under a bridge which most carriers will exclude. With The Safeguard Program,
this would be a covered loss.