In the same way, you get an insurance for your personal health, moving your things also requires an insurance coverage. Whether you’re having a local or interstate move, getting the right insurance will protect your stuff from any peril. But before you start putting all your stuff on the truck, do some research first and understand your coverage for a move.
Here’s what you need to know about the kind of insurance you must have when relocating.
Insurance Options For Your Move
Typically, you need to think about how much you’re willing to pay to keep your belongings undamaged during the transit. If you’re planning a do-it-yourself move, you’ll have to shoulder the coverage on your own. But if you’re hiring the services of Movers NYC and other companies worldwide, you’ll have a plenty of options to choose from. Also, it’s a great idea to talk to your mover or insurance professional and ensure you have sufficient coverage in place for your move. Here are some of your insurance options to look into:
1. Floater– When it comes to your precious possessions, having a floater can be a good insurance option. Items such as jewelry, fine arts, vases and other things of high value will be in safe hands because of this coverage.
2. Trip transit insurance– Check if your moving company provide some protection for your personal property. If you want to protect these assets from theft, disappearance or fire while they are in transit or storage, consider buying a trip transit insurance. However, take note that it doesn’t apply to circumstances like breakage or even flooding.
3. Special perils contents coverage– If you have fragile items to move to your new house, it’s important to secure special perils contents coverage. This is to make sure that in case of breakage, all your fragile things are fully insured.
4. Storage insurance– Of course, moving to a new place may sometimes require you to need a storage for your items. If you have your items temporarily or permanently stored, be sure to have a storage insurance and learn how they’ll be covered too. This option will protect your items from whatever unfortunate event that may happen while they are in storage.
Kinds of Protection Movers May Offer You
As mentioned earlier, using a moving company means you may have the option to buy several levels of protection for your move. You also need to understand that the protections they’re offering are not technically labeled as insurance by the state insurance laws. However, it’s crucial to look at these options so you’ll know what to expect from them when something bad happens to your belongings. Here are the three kinds of protection that reliable NYC Movers may offer you:
1. Full value protection – Under this plan, the moving company is responsible for the replacement value of the items lost, destroyed or damaged. They may choose whether to repair, replace or offer a cash settlement of the current market value of the item. However, keep in mind that the liability value under this protection differs from mover to mover.
2. Released value protection – It’s a plan where no additional charge except what’s required for the moving fee is needed. On the flip side, it only offers a minimal protection compared to the full value type of protection up to the amount of not more than 60 cents per pound per article.
3. Separate liability coverage – To augment your released value protection, your mover may offer you a separate liability coverage for an additional fee. This means you’ll have to pay for an extra money to keep the company liable for the 60 cents per pound per article. Moreover, make sure your moving company issues and provides a written document at the time you buy this policy.
The Bottom Line
You can ease the stress brought about by moving if you know your belongings are protected all throughout the transfer. Get the right insurance that will give you one less worry once you place all your things on the moving truck. If you choose to relocate on your own, reach out to your insurance professional to review your insurance options. But if you opt to hire a professional assistance, review the contract carefully and find out how much coverage they provide for property loss or damage. Also, take time to check the company’s policy for coverage for damage to ensure that it’s enough for your needs. So, get the most out of this valuable information to have a successful and worry-free move later on.