Relocating to another part of the country or the world can be equal parts exciting and stressful. It is something that should be carefully planned, right from deciding which of your possessions you should bring, down to choosing a fully insured moving company to take care of them during the move. Sadly, many people don't pay enough attention to movers insurance, thinking of it as an additional expense that they can get by without. Others have so much confidence in their moving company that they don't even bother to ask whether or not they have international shipping insurance or even a basic relocation insurance policy.
Don't make the same mistake. What happens when your possessions meet untoward incidents on their way to your new home? A complete coverage is a must if you want to fully protect your items from damage or loss while they are being transported. Here are typical things that are included in a movers insurance policy:
Complete value protection – This kind of valuation coverage offer is often recommended by experts because it covers properties that are damaged, lost, and even completely destroyed. This type of insurance will pay for repairs as well as replacements, but not without minimum coverage amounts and some deductibles. Take time to study the moving company's offer before signing any dotted line. After all, you don't want to fall into any insurance traps. It is also a good idea to compare relocation insurance policies with those offered by third party providers, as they may have better offerings that will cover your possessions completely for less. This can save you money.
Assessed value protection – When your properties don't wear as much but are just as valuable, assessed value protection might be the best coverage to have. It provides protection based on your property's cost, rather than its weight.
Weight-based declared value protection – This type of coverage takes into account the overall weight of possessions being shipped and multiplies the amount by a specific amount per pound. Settlements off this type of coverage is based on the depreciated value of the damaged, lost, or destroyed property.
Here's a fact: Moving companies do offer some coverage through their basic movers insurance policy, but it is often not enough. Ask exactly what that coverage includes so you can make an informed decision on purchasing a relocation insurance policy that can cover other things that their policy may have missed.
Moving companies do offer some insurance coverage through their basic movers insurance policy, but it is often not enough. You can make a better decision on purchasing a relocation insurance policy that can cover other things that their policy may have missed.