In a perfect world nothing would ever get lost and nothing would ever break, even when you’re going through the moving process. We do not, however, live in a perfect world. One mistake that a lot of people make is in believing that all of their belongings are going to be protected when they hire movers. Unfortunately even if you hire high quality movers who are experts in their field, accidents may still happen. That is when moving insurance comes into play.
Moving insurance is a type of insurance that you can purchase so that you can make sure that all of your belongings are covered when you are moving. But wait – don’t movers offer their own type of moving insurance? If your belongings will be traveling into a different state then yes, movers are required to offer type of moving insurance. But this insurance may not cover everything that you own. In fact they may only be responsible for paying a small percentage of the worth of something that they break.
It’s important to note that there are different levels of moving insurance that your movers may offer you. One is full coverage, another is known as released value. Full coverage can be fairly expensive when you purchase it from a moving company and may be limited to only items that are extremely valuable. Released value is a more economical option however it does not cover your belongings as thoroughly.
Your third option is to purchase third-party moving insurance. This type of moving insurance may offer you the best coverage for your money and may also be the best way to ensure that everything that you own will be covered should an accident occur during the move.