Moving
insurance
Moving
insurance can cover any loss or damage to your possessions while they are
in transit. Normally moving companies provide limited coverage that is
known as valuation, which may be limited to as little as 30 cents to 60
cents per pound of weight per item.
Valuation is
not insurance, and it may not cover even a fraction of the value of an
expensive item. You can ask the moving company about the valuation terms,
which will be mentioned in the Bill of Lading.
In most cases
your home owner insurance
policy
will not cover household possessions in transit, though you can ask your
insurance agent about this. You will probably need to get moving insurance
coverage, which is provided by moving insurance companies at an extra
cost.
You can get
insurance coverage based on the weight of your possessions, or opt to have
your possessions insured on the basis of a lump sum value declared by you.
You can also
opt for all-risk insurance coverage that will pay you the current
replacement value of any item that is lost or damaged in transit.
All-risk
insurance provides the highest level of protection, though there may be
some minimum coverage requirements and deductibles. You will have to
provide a detailed inventory that includes the value of each item.
It is essential
to check the inventory made by the moving company before you sign it.
Check your possessions at the time of delivery and if any item is missing
or is damaged, mention it on the inventory before you sign it. Report any
additional losses to the moving company as soon as possible.
To get free
moving insurance quotes from the top moving insurance companies please
fill out the form provided here. This is a free offer and there is no
obligation involved at all. Your contact details will never be given to
anyone without your authorization.
Please feel
free to contact us via email if you need any information related to house
moving insurance. We have been helping out customers to find the best home
moving insurance solutions for years.
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