Need some help with shipping insurance

[H120]

I am looking for marine shipping insurance to cover the transportation of my 71E from the US to UK.

I've talked to Towergate (who are recommended by the shipping agent, Kingtown Shipping); the cost is likely to be 1 - 1.5% of the cargo value (~45K pounds)

I also contacted Hagerty, who have insured my classic cars here in the US for the past 6+ years - they quoted me $400 USD for what looks to be the same port-to-port coverage with an agreed valuation of $65K
Does anyone have experience or opinions on marine insurance?

Cheers,
Stuart

http://www.hagerty.com/Collector-car-in ... s-shipping

Hagerty Product details

Overseas shipping insurance protects your car against physical
damage and theft during transit by air or sea. An essential portto-
port insurance product, overseas shipping insurance can even
be expanded to become door-to-door coverage, ensuring there
is nothing left to chance from the moment the vehicle starts its
journey until it reaches its final destination. There are two options
available:

• All Risk Insurance – coverage for total or partial loss arising
from physical damage, fire or theft

• Total Loss Insurance – coverage for total loss arising from
physical damage, fire or theft

The key benefits of the policy are:
• Agreed Value coverage for your car

• Your coverage extends to customs clearing warehouses
at each end of the journey

• Your coverage can be tailored to start from the
moment the vehicle is taken into the care and
control of the freight forwarding company
Please note that it is essential that a pre-shipment
condition report and photos of the vehicle
before each leg of the transit are obtained
to ensure quick and seamless claims handling.

[KS]

Ummm, have shipped a total of five cars and a race car chassis and, er, never insured any... Guess I got lucky as never had any problems. But I'm probably not a good example to follow!

[Lightweight_911]

I must admit to the same - 12 cars shipped over from the US in the past 15 years or so - all with Kingstown bar one - with & no separate insurance ...

[tanick]

Shipping by sea is very safe

I have a container with £100k of goodson it adrift in the Indian Ocean right now. On board the ship MOL Comfort. Google it and see pics of the largest container ship failure ever. My goods are replaceable, I feel for those with goods on board that aren't.

[Mick Cliff]

Shipping by sea is very safe

I have a container with £100k of goodson it adrift in the Indian Ocean right now. On board the ship MOL Comfort. Google it and see pics of the largest container ship failure ever. My goods are replaceable, I feel for those with goods on board that aren't.

"‘A large fleet named “Mol Comfort” carrying Arms for FSA from the U.S. has crashed in the Indian Ocean as it made its way from Singapore to Jeddah, on board were 4,500 containers loaded with arms for the Syrian rebels’"