Moving to a new home is an exciting step, but it also comes with risks. Whether you’re moving across town or to a different state, protecting your possessions for any potential mishaps can save you from unnecessary stress and financial loss. Let’s explore why coverage is essential during a move and how to make sure you’re fully protected.
- Understanding Additional Coverage Options
Many people overlook the importance of valuation. This additional coverage is for your belongings while they’re in transit. This coverage can be obtained through various sources:
- Homeowners or Renters: Some policies include limited coverage for your belongings during a move. Check with your insurance provider to see what’s included.
- Moving Company Protection: Reputable moving companies offer different levels of coverage, regulated by law. The most common options are:
- Standard Coverage: This basic coverage is included at no additional cost and offers minimal protection (.60 cents per pound per item).
- Actual Cash Value:Depreciated type protection. Items are covered up to the depreciated value of the item. This costs extra and the cost varies between companies.
- Full Value Protection: This more comprehensive option covers replacement value of damaged or lost items and comes at an extra cost. Item would be repaired or replaced depending on situation.
- Third-Party Coverage: You can purchase moving coverage from a third-party provider to supplement the coverage offered by the moving company. Buyer beware on these types of companies. Some are very eager to take your money but not so eager to pay out when you have a claim.
- Why You Need Protection During a Move
- Protecting Your Belongings
No one plans for an accident and anything can happen during a move. Even the most careful of companies can have an accident. Moving coverage provides peace of mind by ensuring that if something goes wrong, you’ll be compensated for the losses.
- Covering Liability
Accidents aren’t limited to your belongings—what if a mover slips and falls while carrying heavy furniture? You could be held liable for any injuries that occur on your property. Answer: You are within your rights to ask for a certification showing what company they use for Workers Comp and General Liability as well which covers your home.
- How to Choose the Right Coverage
- Assess Your Needs
Start by evaluating the value of your belongings and the potential risks involved in your move. If you are moving locally you may have different needs than someone moving across the country or moving high-value items like artwork or antiques.
- Check Your Existing Policies
Review your current homeowners or renters’ policy to see if it offers any protection during a move. If it does, check the coverage limits and decide if additional coverage is necessary.
- Get Details from Your Moving Company
Ask the moving company about types of coverage they offer. Be sure to read the fine print and understand the extent of their liability.
- High Value
If you have any High Value items the moving company should be able to cover but these items typically need to be listed separately and inspected by the moving company.
- Tips for a Smooth Insurance Claim Process
- Document Everything:Taking photos and/or videos of your belongings before packing can be an easy way to document it all.
- Inventory: If your moving Long Distance the moving company will create an inventory of all the items they are picking up noting their condition.
- Understand the Claims Process: Familiarize yourself with the claim’s procedure outlined by your insurance provider or moving company. Knowing what steps to take can expedite the process if something goes wrong.
Final Thoughts: Peace of Mind During a Stressful Time
Moving is one of life’s most stressful events and hiring a reputable moving company with an excellent reputation is the first step to a successful move.
Choosing the right coverage with that company can further reduce your stress. By taking steps to ensure your belongings are protected, you can focus on settling into your new home without worrying about unexpected losses.
Contact All Reasons Moving to ask about our coverage options and to schedule your next stress free move. Call us today or reach out to us at www.allreasonsmoving.com for a free quote for your next move.
