Valuing your items for a Moving Insurance

Valuing your items for a Moving Insurance

You can do this by (1) writing down all significant pieces of furniture; glassware, appliances, electronics, personal effects, etc…, (2) give each a mark and an approximate weight. If you have a large number of books that you’ll be packing into boxes, (3) assign each box an approximate weight and state it on the outside of the box. This can be applied to clothes, kitchen items, tools and other loose items. (4) mark each box an approximate replacement value, it would only aid you in the workers handling of your items. Be careful when you price a high value item as the mover may not give you a value you would be comfortable with.

In case you are moving specific and expensive items like works of art or jewelry you must be exact in your details of the item. Some movers would require you to produce an appraisal by a third party of their choosing. Upon approval you must provide specific instructions regarding the handling of the item.

Replacement value means the cost to replace the item with another item of comparable material and quality. The replacement must be used for the same purpose. This applies unless the cost to repair or replace the damaged item is less at the discretion of the insurer.

It is a good idea to take photos of all pieces, especially items of sentimental value or high appraisal. This will assist in keeping track of your inventory despite the list supplied to you by the mover. The idea is to have your own independent system to countercheck the movers and keep them honest. This will help if you need to make a claim.

Moving Insurance Basics

Moving Insurance Basics

Insurance is a service that can protect you and your interests from loss where a person or group of persons agree to pay a negotiated amount in exchange for an assurance of compensation executed only in the occurrence of certain events resulting in a loss for the protected party. It is a contract guaranteeing this protection, actionable by law and functional only by certain details of the contract. Thereby resulting in an insured party whose property is not protected against loss and an insurer or company that assures the compensation in case of loss or damage resulting in loss.

Should I rely on my moving company’s coverage for Insurance?

Moving companies are first and foremost businesses that transport your items. They are not in the business of safeguarding your belongings from incidents in case they break something. So, no, you should not rely on just what the moving company quotes you. Basic coverage that is provided by a mover usually goes for $0.30 to $0.60 per lb. for intrastate transport and as low as $0.10 per lb. of an item for interstate transport. Go out and shop for a third party insurance provider and ask about their moving insurance coverage packages.… Continue reading

How Moving Insurance Works

How Moving Insurance Works

Someday you may have a need to move your life from here to there, perhaps that day has come for you, and when it does it would be best to remember that no matter who does the moving, accidents can happen. Unforeseen events can damage your valuable items, boxes can shift and falls enroot to your new place, and you have no one to replace the loss unless you have moving insurance. This is how you can control you moving companies effectively by protecting what needs adequate coverage before the move.

Not all insurance policies are the same and you do have some options when it comes to setting your policy. Most moving companies have a type of insurance built into the contract to move or the bill of lading, and thought your items are costed at a minimal valuation it is better than nothing. If you want something more substantial, or have inkling that you aren’t sufficiently covered, you should explore a third party moving insurance coverage. One; so that the movers have a second opinion to measure up against. Two; your valuable will be insured for more so if something does happen you can claim for more than just ten cents for your glassware. Three; perhaps your movers coverage has some gaps and does not cover storage after delivery or certain packing methods you might prefer or they simply might not be as comprehensive as you want it to be. It is pretty important to be aware of your contract and policy’s terms before signing on the dotted line.

“Moving” Stories case 1103037 : Blue L. from Manila, Phils.

I lived in uptown Houston for two years with my brother as we studied at the local Art Institute of Texas, he trained in multimedia and I in computer animation. We moved on the third year since we both finished our degrees early and found work outside of Houston. We moved to NASA Road One near the Space Center after we rented a trailer to hook up to my Montero and a storage space for what would not fit at our new place. We didn’t get moving insurance aside from what was bulked into our trailer rental contract since no one was able to advise us on such things.

Over time we would visit the storage bin, adding or replacing stuff as time went by. Eventually we… Continue reading

Movers Insurance VS Moving Insurance

This distinction sounds very minimal but it could mean a world of difference if you are claiming from your insurance. Nearly every reputable mover has insurance built into their contract with you, and nearly every built-in policy is geared more for the movers benefit than the one moving. This is why purchasing a separate moving insurance policy should be paramount when transporting your goods.

Not all movers are made the same. Some are ready to transport your furniture, some are better at delivering your office or factory equipment, others are equipped to regularly distribute your produce. In each case, a third party moving insurance will benefit the owner of the goods being transported. In one way; because the value of these items would be more fair… Continue reading