Moving Insurance
Moving is a risky business, and therefore insurance is a must. There are several kinds of coverage offered by movers: full value moving insurance, declared value moving insurance, lump sum value moving insurance, and assessed value moving insurance. Before purchasing insurance, check if your homeowner’s policy already covers moving insurance.
Under full value moving insurance, your mover will repair or replace a damaged item, or pay the equivalent in cash. Movers can limit their liability for any item over $100 per pound, unless you list these articles on the shipping documents.
Under released value moving insurance, which is offered free of cost, the mover calculates liability at 60 cents per pound. If you do not select released value, your shipment will be transported at the full valuation and you will pay higher rates.
Some movers may offer you third party moving insurance from an insurance company. Under this, the mover remains liable for up to 60 cents per pound per article; but the rest is recoverable from the insurance company up to the amount of your coverage. Check whether any of your actions, such as packing your own goods, can limit the mover’s liability. If you find any damage, you have nine months after the scheduled date of delivery to file a written claim.
Follow these tips to make your buying moving insurance a smooth experience. We’ll help you out - just fill in the online form on our website and we’ll provide you with no-obligations quotes from the top moving companies absolutely free of cost.