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Is Moving Insurance Right for You?

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Is Moving Insurance Right for You? - Moving - Insurance - Right


Moving? There are some things you should know about protecting your goods during your move.



If something were to happen to your goods during the moving process, you should know what you can do to replace or fix your damaged or lost belongings.

Here are the options available for you by your movers:

Option A: Full Value Protection:
Under this option, which is not considered to be insurance, articles that are lost, damaged or destroyed will be (at the mover's option) either repaired, replaced with like items, or a cash settlement will be made for the cost of the repair, or for the current market replacement value. No depreciation applies to this option. The exact cost for full value protection, as well as the settlement amount, in case of a claim, is determined by the moving company.

However, under this option, movers can limit their liability for loss or damage to articles of extraordinary value, unless these articles are specifically listed on the shipping documents. An article of extraordinary value is any item whose value exceeds $100 per pound. Ask your mover for a complete explanation of this limitation before your move.

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