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.