7 tips for Getting Moving Insurance
Written by Alyssa Howard, Moveboxer.com
Getting the right moving insurance requires a mixture of you knowing your own belongings and moving needs as well as knowing a little bit about how the moving insurance market works. Luckily, we have tips on both, to make sure that you get the most bang for your buck in moving insurance, and most importantly, get your items from A to B safely.
1. Make an Inventory of Your Belongings
Go through your stuff and make a comprehensive list of what you’re moving that culminates in the number of things, weight and total replacement cost of your shipment. This will help you put in perspective what you’re trying to replace.
2. Research What Homeowners Insurance Provides
If you have homeowners insurance, it’s likely that your company already covers up to 10 percent of damage or loss while your belongings are en route to the new house. Check on this, though, and speak with a company representative about the coverage you already have to make sure that anything you buy won’t be overlapping with this.
3. Research What Carrier’s Liability for the Movers Is
Every company carries a certain amount of carrier’s liability in insurance coverage for their clients. Check on how much this is in the case of your moving company, and see if you’re satisfied with this amount of coverage. You most likely will want some sort of insurance beyond this, but it’s worth taking a look, just to see what you already have.
4. Look at the Plans Available
There are three main types of moving insurance: declared value coverage, lump sum value or full value replacement. These plans are all obviously tailored for different needs, so look at each plan in relation to your belongings to decide what you should be choosing.
5. Check the Company’s Credibility
As with any business transaction, you want to make sure the company from which you’re buying the insurance is credible and trustworthy to provide coverage for your belongings. Go with your intuition on this one – if something feels wrong, it probably is. Only work with a company that has the correct licensing and good previous client reviews.
6. Make Special Arrangements for Instruments and Other Items
When it comes to instruments and other very expensive, very valuable items, see whether your homeowners insurance makes any special offers for coverage of these. It’s probably best not to include these items in your general coverage.
7. Remember to File All Claims within Nine Months
Remember that after the move, if you would like to file a claim against your movers, you have nine months to do so. After that, you will be too late.