All About Moving Insurance
By USInsurance.com
When moving there is always the possibility
that damage may occur to some of your belongings. Of course, no one wants to
think that anything will be broken but it is better to be safe than sorry later
and for that you will need moving insurance.
The first thing you need to take into consideration is that, while the moving companies do insure
your items, the amount that they will pay for damage is actually pretty minimal.
They are only required to pay a small amount per pound of your household items.
Obviously, if your flat screen TV is dropped and damaged, you are not going to
be able to get it fixed or replaced based on its weight. The base insurance that
is offered by moving companies is simply not enough to compensate for most
losses. Laws concerning a moving
companies' insurance requirements vary, so be sure and check into how much
they are going to pay you if something happens.
You will need to realistically evaluate just how much your belongings are
worth. You will need to know this in order to know just how much insurance you
need. Remember, the actual value of any item is not the same as the replacement
value. As soon as you take anything out of the store where you bought it, it
devalues. And the actual value of everything decreases with every year you own
it. If you want to be able to buy a replacement for any item that is broken or
lost during moving, you need to factor in the replacement costs.
If you have items that have extraordinary value, such as antiques, art
collections, furs or the like, they need extra insurance and you should obtain
insurance quotes for
these items. It is also a very good idea to take photos of them before they are
packed for the move. Not only does this provide proof that you owned them, but
it also clearly shows the condition they were in right before the move. Don’t
pack these photos for moving with the moving truck, keep them with you. Heaven
forbid the truck is wrecked and the photos are lost along with your things!
It is very possible that your homeowners insurance
policy will also cover your moving insurance. Once you know just how much money
your items are worth, contact them about this. If you don’t have homeowner’s
insurance, or they can’t help you, a simple online search will provide you with
companies that can give you insurance for the move. Be sure to shop around for
insurance quotes with numerous companies.
It is your responsibility to make sure that your possessions are protected.
Obtaining insurance for moving is often overlooked, and then regretted later.
You worked hard to get the possessions that you have, so doesn’t it make sense
to protect them while you are moving? Hopefully nothing will be lost or damaged
at all, but doesn’t it make sense to be safe now rather than sorry when you have
arrived at your new home?
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