Keep Your Belongings Safe During Your Move with Moving Insurance
Keep Your Belongings Safe During Your Move with Moving Insurance
by sch43yt9824huilb

Find Out the Benefits of Moving Insurance

Anyone that’s ever moved before knows this undeniable truth: moving takes work. It’s usually time-consuming, expensive, and physically exhausting. And then there’s the stress of making sure that all of your belongings are transported safely and securely. The last thing any of us wants is to unpack that very last box to discover we’re missing a treasured belonging, or that an expensive object is broken.

To lessen some of the stress and worry of moving, give yourself the gift of moving insurance! Moving insurance is essentially what it sounds like – it’s a type of protection that covers damage and loss on any of your possessions while you’re moving from one place to another. Now, you may have property protection as part of your homeowner’s or lease insurance, but you’ll want to double check that it specifically covers items when in transit.

If you’re not already covered on another plan, consider some of the top advantages of getting moving insurance!

  • It can be a more reliable option than insurance from your moving company.

If you’re working with a moving company, don’t assume that your items will automatically covered by the company itself if they’re lost or damaged during a move. While the U.S. government requires that all moving companies be liable for items lost or damaged, companies have the option to offer either full valuation or released valuation coverage, and this type of coverage isn’t quite the same as insurance. Full valuation coverage will hold the moving company responsible for paying back the cost of an item that’s lost or damaged, while released valuation only requires that they pay $.60 per pound, per item.

If you opt for coverage from the moving company, be sure you know what you’re getting. Insurance from moving companies is regulated at the state level, but not all states allow moving companies to sell coverage. Independent moving insurance, however, will cover all incidentals incurred by a third-party.

  • It can encourage third-party movers to move all items.

A third-party moving company may choose not to move some of your more valuable items if they’re not already fully covered. That’s because they don’t want to be put in any situation of potential liability with items so expensive (they have to make decisions in their best interest, too). Purchasing full coverage moving insurance means that your valuable items will be covered completely, which gives your third-party movers peace of mind.

  • It gives you options for coverage.

Most that offer moving insurance will provide different tiers of insurance that best fit your needs and circumstances. For example, you may wish to insure property that’s being moved under one lump sum. Or, you can itemize specific items separately if they’re particularly valuable (for items that are $500 or more, you’ll likely be required to list them out separately). You can also find moving insurance that just provides coverage in transit (if you’re loading, and a company is driving) or just during loading and unloading (if you’ll be driving). Essentially, you should be able to pay for moving insurance that reflects exactly what you need.

Learn more about the best type of insurance to select for your next move, as well as homeowner’s insurance for your new home, by reaching out to the trusted professionals at Schechner Lifson Corporation!