If you're planning to move locally, you may want to consider local moving insurance. This type of policy protects your belongings from damage caused by things beyond the control of the moving company. While local moves don't usually require additional insurance coverage, specialty items might. Your home insurance policy may cover certain valuables during your move. Nevertheless, it is a good idea to review your coverage to make sure it covers your specific needs. Ultimately, local moving insurance is a good investment for peace of mind. local movers by square foot
If you have items worth more than 60 cents per pound, you should purchase separate liability coverage from the moving company. However, this may void your policy if you break something. This is because many policies won't cover your goods during transit. If the insurance company does pay out, you'll only have to pay $219 if you can prove you broke an item. In some cases, the moving company may offer separate liability coverage for you. It is best to ask your moving company whether or not they carry any type of insurance policy.
When choosing a local moving insurance company, make sure they provide good customer service. Top moving insurance companies have high customer satisfaction ratings, and are responsive to consumer feedback. Although moving insurance is not mandatory, it is a wise decision to cover your belongings against damage due to a move. While it isn't legal to have your own insurance, it is worth a few extra bucks to be protected. You can also purchase free coverage from movers who are certified by the Department of Transportation.
Although your homeowners' insurance doesn't cover items you move, renters insurance does. Local moving insurance can be very beneficial in cases of damage to your belongings. It is also a good idea to consider whether you should purchase separate liability coverage from the moving company. This coverage will cover your belongings in transit if you have purchased separate insurance. If you choose to purchase separate liability insurance, you should ask the moving company to provide proof of insurance.
Depending on the type of coverage you need, you can choose to purchase released value coverage or full value protection. The former may cost more, depending on the moving company. The premium is typically a percentage of the value of your shipment, such as $600 for a $60,000 shipment. It is important to understand that a full value protection plan may be capped at a certain amount, so you'll need to ask for details in writing.
There are two basic types of coverage. The least expensive is the Released Value Protection (RVP). It provides minimal protection, but only pays 60 cents per pound of the value of your possessions. As a result, it is often a cheaper option. Depending on how much you plan to cover, you may need to choose a different deductible to protect yourself from high costs. However, the price of full value protection can vary widely from company to company.