Insurance for Long Distance Move

Getting insurance coverage for your goods, while they are in transit to a new home that is some distance away, is not really an option. If you choose to opt out of insurance coverage, you are taking a huge risk. While most long distance moves end with all of a person’s household goods being delivered without damage or trouble to that person’s new home, accidents can and do happen. For this reason, you need to make sure that you are covered against damage and loss in the event that you become the victim of such an event.

Obtaining insurance for your things isn’t difficult, especially since all long distance moving companies are required to offer some kind of liability insurance to consumers, but many consumers these days simply don’t know quite what they are getting when they opt for this free valuation coverage. To that end, the experts here at MovingAngels.com have come up with this very simple guide to helping you understand movers’ valuation and actual moving insurance coverage so that you can be certain you are covered.

Moving Companies Offer Valuation

While it might seem like moving insurance, valuation is actually a system put in place by the moving industry that allows consumers compensation for damage or loss to household goods that are shipped with a particular company. Because movers are not insurance companies, they are not able to sell official insurance policies, so valuation is the stand in.

However, valuation only covers a very limited scope. When a consumer opts for this coverage alone, they only get reimbursed sixty cents per pound of the items that are damaged. With the costs involved in replacing much of your goods these days, it is easy to see why so many moving experts encourage consumers to get a real insurance policy.

Ensure Full Replacement Value

Because you are entrusting everything you own to people you don’t know, even if you did your homework and discovered a great long distance moving company, it is important that you have coverage just in case something expensive gets damaged. Remember, accidents do happen, but having a real insurance policy in place can ensure that you get reimbursed for the full replacement value, which will allow you to replace the item and continue on with your normal life.

Comparing the Two

As with any important decision, it’s important to not only know what the differences are between your options, but to compare them side by side at the same time. Seeing the pertinent information within close proximity allows you to get a good feel for the benefits of each aspect, which can really help you make the right choice. Therefore, when you are considering valuation versus moving insurance, remember the following good, and bad, differences.

  • Cost: Movers’ valuation is free and is included with the purchase of any moving services. Moving insurance will cost money based on the level of coverage that you get; expect to pay 1% to 1.5% of the declared value of the shipment for a policy.
  • Coverage: Valuation will only reimburse you for sixty cents per pound, meaning that if your ten pound computer is damaged, you will only get $6.00 for it. Real moving insurance will actually cover the cost of replacing the item, minus any deductible that you chose when you purchased the policy.
  • Obtained From: Valuation is obtained automatically from the movers that you hire to transport your goods. To get a specific policy, you have to go through an actual insurance company, who will not be affiliated with the movers themselves.
  • Claims: Filing a claim is similar in both situations, however, being reimbursed by valuation does not require that you pay, or deduct, the deductible that you chose as you would have to when filing a claim against your insurance policy.

It’s easy to see how the two compare on these three major aspects of coverage. While valuation is cheap and easy to get, finding the right moving insurance policy is always the better option. Whether you are moving a little, or alot, make sure that the more valuable aspects of your household are covered with the best policy that you possibly can get. In the end, the extra cost is well worth it to ensure your things make it to your new home in one, undamaged, piece.