Regardless of whether you have decided to hire a mover or do the moving yourself you should consider the possible moving insurance options you can work with. You could easily end up with some irreparable damage to your personal property during transit and without insurance you will have a hard time replacing it. In most cases you’ll be able to get insurance coverage through the moving company you hire to get the job done, however you will need to focus on it if you want to succeed without any problems. The following tips will give you the information you need to do just that:
• Choosing a Moving Company – Make Sure the Moving Company Files Claims in a Timely Manner!
You should pay special attention to the moving company you plan on using in terms of insurance coverage. You will also need to check out the liability coverage they have for any damage or loss provided by them. Check out the contract and find out where the section is that covers the value of your possessions based on their estimate. You should also check out the maximum liability for the value of insurance provided by the mover as well as the nature of the process involved in the placing of claims. This will never guarantee you will have a maximum liability damage coverage for your claims. There are many things that may modify that amount, such as taxes, laws and regulations.
For a more in-depth display of moving laws in the USA, check out the protectmymove.gov site here.
• Moving Company Insurance Options
One of the first things you need to know is that this type of insurance will always be based on valuation of your belongings. Valuation is in essence a method that determines the liability of the goods being moved. The more expensive your things, the more insurance you should purchase. There are three types of it that get covered.
Released Value Coverage
Declared value or “Released Value” is the overall value of the items based on their weight, multiplied by a specific modifier per pound of weight. Released value coverage should be included by default by your long distance moving compay, as mandated by federal law. The movers are liable for about 60 center per pound of goods, so it is very minimal coverage.
Lump Sum Value Coverage
On the other hand you have the lump sum value as another option, which covers the value of your items with a specific amount, which mostly depends on the insurance provider. You have to know the value of what you plan on shipping so you can make a declaration of it in the bill of lading. If you want this type of coverage you should be able to purchase it from a third party insurance company.
Full Value Protection
The third option you have available to work with is the most sought-after full value protection. Naturally, this includes the damaged, lost and destroyed property that covers the entirety of the cost for replacement or repairs in case of trouble. There will be deductibles and at least a minimum coverage you will need to cover. This is by far the most expensive but the most comprehensive coverage, which can be purchased from many moving companies but also is available elsewhere.
Remember that you can buy insurance from your moving company or a third party. When you sign a contract with a moving company they will generally offer you extra insurance, which may or may not be a good deal depending on the company.
• Calculating the Amount of Insurance You Need
First of all you will need to cover the amount by checking out the total weight of what you plan on moving, then you will need to take into account the number of rooms you need to move and their contents. Once you’ve done that you should make an inventory list of all things you need to move, citing down their weight and approximate value. This will give you a good idea of the dollar amount that you would be comfortable having as protection. If you have small or fragile items that are worth a lot of money, such as antiques or breakable jewelry, you should take out special insurance on these items alone. Cross country moving companies still will limit their liability for loss or damage to articles of extraordinary value, which is usually anything valued at more than $100 per pound (china, fur, jewelry, silverware etc.)
For more information regarding long distance moves, we recommend The Ultimate Long Distance Moving Guide.
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I love the idea that genuine mistakes made during moving will be covered and supported by the insurance companies, i hope the claim process is relatively problem-free though.
I wish i’d known about moving insurance sooner, the amount of property loss during my last move makes me reluctant to move across the states again
Long distance moves of goods must be supported with the moving insurance policy of a good company. Though the loss of valuable items like antiques, cannot be fulfilled by anything but but some kind of monetary benefit will definitely bring some relief. A good word of advice.
Moving is stressful enough without worrying about damage to my property. This was helpful information as an anticipated move is in my future. Thank you for this information.
We moved from Ohio to Colorado and a number of pieces of furniture were damaged. We had insurance, but the deductible didn’t cover repairs. Lesson learned.
It’s a good idea to make a list of all your stuff.
Even better, take photos. It might take some time, but it’s totally worth it.
This is probably one of the most important things in my “to-do list” if I ever do hire a mover. My stuff may just be stuff to them, but they are things that I worked hard for to acquire over time. The only person I can tolerate to break or lose them is myself and my family.
This is a good informative article for the people who are planning to move.There is always a danger of property damage when you are moving your stuffs from one place to another.Hiring a good moving company who has insurance options is the best way for shifting from one place to another without any fear of unwanted damages.
Getting moving insurance never occurred to me! It makes sense to cover priceless possessions that may be irreplaceable or expensive to replace. Having a written inventory of all items in the move is another good idea, too, to make sure that nothing is “accidentally” forgotten by the movers.
Hiring a good mover before you are planning to move is a good option if you want it in a hassle free way.Good moving companies provide insurance policies thats really helpful information.Nobody can really afford any kind of damages in shifting.
Do you operate outside of the u.s?
And what is the largest moving truck you have?
As with anything where insurance companies are involved, fraud is always lingering, however is nice to know that you have some protection as a consumer. I just hope it stays affordable….
Insurance is a very important aspect of the removal process. During my last move, a lot of stuff were broken or damaged such as the bed frame, cupboard, and glasses. Some items were missing, too. It was, by the way, a 40 feet container which included a car. As soon as movers unpack your stuff, take pictures and notes of damaged items for you need these to make insurance claims. I believe in my case, I was given one week to check everything and report any damage incurred during shipping and unpacking.
Interesting and value added article on moving from country to country!
Indeed, cross country moving is really the next level of “house” changing in a way where it has so many considerations to take into! I would totally think twice whether if its worth it, because we are talking about taking everything abroad to a new place. Taxing as well!
Good to know about insurance, i didn’t even know that moving companies offered insurance to cover the damages during the move! Would have saved a lot of money should i have known sooner
Thank you for an awesome article. We made sure to get insurance when we did our cross country move. I would have went crazy if something happened and we didn’t have it. Well, the movers did break a few things and tried to say that they didn’t do it lol. I have to say that make sure you get insurance and document everything in your home. I would go through and if something is broken label it or something like that so once you touch down and start letting them move things in you will know what was broken and what wasn’t. Awesome article I loved it.
what an article, it’s really usefull. that’s make me to give more attention when i did cross country move and made me to start to get insurance
I don’t have to worry about moving my stuff. Thanks! I will definitely look you up.
This article is good, many people have no idea about the insurance and stuff sometimes they don’t even know if there’s cross country moving service available. And it is good that moving company provides an insurance for their clients. I think it helps the customers if their lost one of their belongings while being moved.
What a wonderfully informative article! It’s good to know all of your options when purchasing cross country moving insurance. With my dreams of one day traveling the country, I will use this guide to pick the right insurance plan for me. Of course, full value protection sounds like it is well-worth the extra money!
This is a very informative article. Thank you for writing this up!
It is very tricky to choose an insurance plan, especially when it comes to the liability shift from the mover. We need to read all those fine prints!
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