Insurance & Liability
Moving insurance & liability coverage are essential because your valuable
possessions can be damaged or lost while they are being moved. Moving
liability insurance coverage is needed when your move is being handled by
a moving company and also when you are moving your things yourself.
Residential movers are
required to provide valuation or Released Value Protection. This is a
contractual liability that moving companies assume. It is not insurance.
Valuation is provided
without any additional charge. It is based on the weight of the items
being moved and may be limited to $0.60 per lb per item. It will cover
only a small part of the value of your possessions and you will need
additional coverage.
You can get a higher level of coverage from your house mover by paying an
additional amount or buy moving insurance from an insurance company.
Your home mover can provide additional coverage based on the weight of
your possessions or on the lump sum value of your possessions as declared
by you.
The highest level of coverage provided by
professional movers is Full
Value Protection, which pays for repair or replacement of items that are
lost or damaged. You will have to meet the minimum coverage value
requirements and some deductibles will be involved.
Homeowner’s insurance policies may provide coverage for items not on the
premises, which is limited to 10% of the value of the policy. It can be
used to supplement the coverage provided by the household movers.
You can also buy moving insurance from an insurance company, which may be
cheaper than coverage provided by a moving company. Insurance coverage
will include Acts of God, storms, earthquakes, floods, rioting and civil
commotion, etc., which are excluded in coverage provided by movers.
Insurance companies have standardized claim settlement procedures and a
moving insurance claim is settled by claim adjusters, not by employees of
the mover or forwarder.
You can buy moving and storage insurance that will cover your possessions
if they will be in storage for some time and will be handled by more than
one moving service.
If you are moving expensive items like antiques, have their value
assessed before the move and arrange for additional moving insurance
coverage for them.
Check you belongings as they
are unloaded at the destination. Report any loss or damage immediately and
make a note of it on the inventory before you sign it. You can file a
claim in writing within 9 months.
Please fill out the form provided on this page to get free move insurance
quotes from the most trusted insurance companies. Your contact details
will not be provided to anyone without your authorization. This is a free
offer and there are no commitments involved at all.
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