From broken China to extensive water damage, moving accidents happen on a regular basis, even with the best moving companies. It’s an across town local move, across the state, or across the U.S, ensuring your possessions when moving could be the difference between a stress-free move and having to deal with replacing lots of costly items. Are you wondering what to do as you are going to move soon? Even though Three Men and A Truck provides basic moving insurance, we always advise movers to purchase additional coverage.
In many ways, moving insurance is similar to your auto insurance. Although you can have a spotless driving record, you can still be involved in an accident when you least expect it. The same is true when entrusting your belongings to the most careful moving professionals. Moving insurance provides protection for your belongings when they are en-route to your new location. The details of what is covered by your insurance will depend on the type of policy you purchase. However, it can range from covering damage caused by a fire or flooding to paying for a damaged flat screen TV. You can look up the insurance details online or talk to the representative of the insurance company.
Before we answer this, it’s important to understand that Three Men and A Truck, as well as all other moving companies, cannot sell insurance per se. Consequently, federal law requires us to provide “valuation” options. However, you can still buy insurance from a 3rd party. As a result, you have the following options when it comes to protecting your belongings during a move:
Basically, insurance protects against any damage that is done to your belongings while in transit whereas valuation is the amount of a moving company’s liability that they are responsible for if your items are damaged during a move. Additionally, the coverage offered under valuation is significantly more limited compared to 3rd party insurance.
Earthquakes, fires, floods, and anything else that occurs beyond that which professional movers can control isn’t always protected by valuation. Furthermore, there are specific reasons why Three Men and A Truck limits the amount of liability that is taken such as:
Unlike valuation, one of the primary advantages to buying insurance from a 3rd party is that there aren’t any limits on liability and natural disasters are covered.
Ultimately, the way in which you choose to protect your belongings during a move is your decision. However, there are several things to consider where this is concerned. First of all, even though moving insurance (or valuation) really isn’t insurance, it acts in similar fashion. Second, full-value protection is comprehensive coverage that you pay for up front whereas released value protection doesn’t cost you. However, it only offers minimal coverage.
Basically, the valuation you choose should equate to the value you have placed on your household belongings. Therefore, in order to decide on the type of valuation to choose, determine what your belongings are worth. Do the math so you can easily determine if paying for full-value protection is the way to go or if released value protection will be adequate to cover your needs. Everyone has different needs and thus, you can see what works best for you.
To learn more about moving insurance or valuation, we encourage you to contact Three Men and A Truck at your convenience. Our business representatives would be glad to help you get additional information about your move and how-to insurance your goods. They are knowledgeable and skilled on all aspects of the move and will be able to help you. Call us today.