Moving Insurance
Ensuring that the moving company you
choose has proper and sufficient insurance and liability coverage is one of the
most vital things you need to do before you move your goods. You should never
use a company that does not have moving insurance. Different moving companies
will carry various types of insurance. When calling a moving company, ask them
what kind of insurance they have and what it covers. Get all this information
in writing. You may want to contact the Better Business Bureau to check on how
a given moving company has responded to claims in the past and if they have any
complaint record.
When it comes to liability coverage,
ask the different movers you contact about the different insurance packages
they have. Moving companies generally have four types of liability coverage.
There is a basic liability coverage that is included in the price of moving.
Make sure to ask what this basic moving insurance covers. A mover will also
have more inclusive liability coverage that cost extra. Movers also offer
what’s called Declared Value Protection. With this coverage, the insurance
holds the mover liable for $1.25 times the weight of the shipment. It is also
based on the depreciated value of your possessions. The third type of insurance
is called Full Replacement Value. With this type of liability coverage, moving
companies are responsible to cover the cost for the replacement or repair of a
damaged or broken good. This will usually cost you between $3.50 to $4.00 times
the weight of your shipment. Discuss with your mover what the minimum and
maximum coverage they can give you under this category. You also might want to
inquire about possible deductibles. The final category of liability coverage is
for especially valuable items. It’s called Extra Ordinary Value Items. If you
have highly valuable items, or items that are worth more than $100 per pound
for each one, then you should consider this added coverage.
Be advised that you have to tell the mover you choose
the complete sum of the released value that you have affirmed for all of your
items. Give your homeowners insurance a call and see if your insurance covers
your move or what options they have for moving your goods. When you’re moving
your possessions, protecting them and their value is one of the most important
things you can do. Don’t entrust your belongings to any moving companies that
don’t have insurance.
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Licensed Moving Companies
When choosing a moving company, you should make sure that they are licensed and certified. Never use a moving company that is not properly licensed. You may even want to check with the Better Business Bureau to ask whether past costumers have had any complaints with the moving company you’re inquiring about.
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