This article will lay out the numerous forms of available moving
insurance. This information should serve as an introduction to moving
insurance, and should you have any further questions do not hesitate in
contacting the moving companies you have chosen to provide you with
quotes. For those of you who are new to our ezine articles, welcome. Our
hope is that by making this information available you will be better
able to choose a moving and storage company which works for you. Read
on, and enjoy!
To start, moving insurance is equivalent to any other kind of insurance you would use. If there is an accident, or your goods are damaged for any reason, then you will be reimbursed. How quickly and how much you are reimbursed matters upon what type of insurance you chose and who you purchased it from. Generally speaking, there are two places to purchase moving insurance, and two types of moving insurance. Below we will first cover the forms of insurance, and we will conclude with where to obtain insurance
Basic, or minimum, Insurance: This form of insurance is also often referred to as limited liability insurance. It is the minimum level of insurance required by the law, and is free of charge. So long as you stick to a licensed and insured moving company this insurance will be provided to you. You may hear your salesperson refer to this level of insurance as "60 cents per pound per article". If your goods are damaged during the moving process then you will be reimbursed based on the weight of the damaged good. For instance, if your sofa is damaged and it weighs a two hundred pounds, then you will be given $120 for compensation. While this is the least expensive option, many of your household's goods full values will not be covered in case of an accident. If you do not speak to your moving company explicitly about your insurance then chances are you have been given this.
Full Replacement Value Insurance: This type of insurance is not required by law and costs extra to purchase. The benefit, however, is that in the event of an accident you will be fully reimbursed the cost of your goods. There are most generally three different deductibles offered for this option. You can opt for a $500, $250 or a $0 deductible. The lower the deductible the higher the up front premium. Do not assume your moving company has given you full insurance if you do not directly discuss it with them. Also, your moving contract should explicitly state you have purchased additional insurance. If it does not, ask the company why.
In conclusion, the two common forms of moving insurance are basic and full value. Full value, while it costs more, can provide you with peace of mind in knowing your household goods are fully insured should anything unfortunate happen. Basic insurance is included with your move, and is the most affordable option. So, those are your two most common options for moving insurance.
The next question you must answer is where from you are going to purchase your moving insurance. Should you opt for the basic insurance then you do not need to worry. The moving company is required by law to provide you with the insurance. If you want full value insurance, however, then you may either purchase the plan directly from the moving company, or from a third party insurance company. You may ask the company you are working with for recommendations. Or, you may check the yellow pages or the BBB website to find a reputable insurer. We will happily recommend a local insurance company, or you can use the insurance we offer. Just let your sales person know. We hope this information has been useful and will help you with your next local or interstate relocation.
I hope this has been of help and you are better able to understand the moving and storage process.
To start, moving insurance is equivalent to any other kind of insurance you would use. If there is an accident, or your goods are damaged for any reason, then you will be reimbursed. How quickly and how much you are reimbursed matters upon what type of insurance you chose and who you purchased it from. Generally speaking, there are two places to purchase moving insurance, and two types of moving insurance. Below we will first cover the forms of insurance, and we will conclude with where to obtain insurance
Basic, or minimum, Insurance: This form of insurance is also often referred to as limited liability insurance. It is the minimum level of insurance required by the law, and is free of charge. So long as you stick to a licensed and insured moving company this insurance will be provided to you. You may hear your salesperson refer to this level of insurance as "60 cents per pound per article". If your goods are damaged during the moving process then you will be reimbursed based on the weight of the damaged good. For instance, if your sofa is damaged and it weighs a two hundred pounds, then you will be given $120 for compensation. While this is the least expensive option, many of your household's goods full values will not be covered in case of an accident. If you do not speak to your moving company explicitly about your insurance then chances are you have been given this.
Full Replacement Value Insurance: This type of insurance is not required by law and costs extra to purchase. The benefit, however, is that in the event of an accident you will be fully reimbursed the cost of your goods. There are most generally three different deductibles offered for this option. You can opt for a $500, $250 or a $0 deductible. The lower the deductible the higher the up front premium. Do not assume your moving company has given you full insurance if you do not directly discuss it with them. Also, your moving contract should explicitly state you have purchased additional insurance. If it does not, ask the company why.
In conclusion, the two common forms of moving insurance are basic and full value. Full value, while it costs more, can provide you with peace of mind in knowing your household goods are fully insured should anything unfortunate happen. Basic insurance is included with your move, and is the most affordable option. So, those are your two most common options for moving insurance.
The next question you must answer is where from you are going to purchase your moving insurance. Should you opt for the basic insurance then you do not need to worry. The moving company is required by law to provide you with the insurance. If you want full value insurance, however, then you may either purchase the plan directly from the moving company, or from a third party insurance company. You may ask the company you are working with for recommendations. Or, you may check the yellow pages or the BBB website to find a reputable insurer. We will happily recommend a local insurance company, or you can use the insurance we offer. Just let your sales person know. We hope this information has been useful and will help you with your next local or interstate relocation.
I hope this has been of help and you are better able to understand the moving and storage process.
This article has been provided by Andrew Pierce. For further
information on the local and long distance moving process feel free to
visit our website for South Florida moving and storage.
We also have a blog with up to date details on the ins and the outs of
the process. Also, should you be in Tampa Bay,
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