Choose an established moving company. Sure, choosing a new company may help you grab a deal that's cheaper than industry averages, but it may also leave you vulnerable to errors or a poor service.
Moving insurance is a type of coverage specifically designed to protect your possessions while in transit. It provides financial compensation in case your items are damaged by movers, lost, or stolen during the move. This insurance can be obtained through various sources, including your moving company, homeowners’ insurance, or standalone policies.
Types of Moving Insurance
There are two primary types of moving insurance:
- Basic Coverage: Most moving companies offer a basic level of liability coverage as part of their service. This coverage is typically based on the weight of your items and is subject to specific limitations. While it’s better than no coverage at all, it may not fully protect valuable or fragile items.
- Full-Value Protection: If you seek comprehensive protection, consider purchasing full-value protection from your moving company or a third-party insurer. This coverage ensures that in the event of loss or damage, the company will either repair the item, replace it, or provide cash reimbursement for its current market value.