Aside from the standard full coverage insurance that protects your vehicle against dents or damages that occur during the shipping and delivery of your vehicle, there is also an additional type of coverage offered to water-shipped cars: total loss. Total loss insurance pays you back in case the boat sinks or your vehicle is stolen at the destination port. Total loss is optional and it will cost 1.5 percent of the total cost of the vehicle. There is no deductible here, though, if you need to cash in.

Full coverage insurance is needed if you want protection against smaller damage, such as scratches, dents and other small issues. Most companies shipping internationally will not include this in the price of the shipping and will require an additional payment of 2.5 percent of the cost of the vehicle in order to cover it. There is a small deductible for this type of insurance, usually between $500-1,000.

When contracting an auto shipping service, make sure you read the small print to find out what are you being offered and what is optional, so you can choose wisely based on the cost of your vehicle and the risks up ahead.