What Does Movers’ Insurance Cover?
Moving accidents happen. Therefore, when it comes to protecting yourself from the expenses associated with damaged belongings – whether it be water damage or accidental breakage – investing in movers’ insurance can provide you with the peace of mind you need.
The Nitty-Gritty
Movers’ insurance offers various levels of protection for your belongings in case of damage. However, these levels of protection do have limitations, and the details concerning the extent of coverage are strictly dependent on whichever policy you choose. For example, if you are planning an international move, you may want to consider a comprehensive insurance plan that covers potential fires or floods during transit. Whereas, if you are simply moving across town, you may be okay with a simpler plan that only covers accidental mover breakage.
Under federal law, moving companies are required to provide some sort of valuation option for your belongings, but you can also seek coverage options from reliable third-party insurance providers.
Basic Coverage
For out-of-state moves, moving companies are federally required to offer two types of insurance coverage:
- Released-value protection – Set at 60 cents per pound, this insurance plan will reimburse you for everything from small insignificant supplies to antiques.
- Full-value protection – Ideal for long-distance moves, this coverage is based on the valuation of the contents being transported.
Expansive Coverage
If you’re looking for comprehensive coverage, turn to a third-party insurance provider. Since moving companies are not allowed to sell insurance, these third-party affiliates are able to offer protection for your belongings if they are damaged, lost, or destroyed during transit.
Whatever level of coverage you need, Atlantic Relocation Systems can help you find the best insurance plan. As one of the most tenured relocation companies in the nation, we have ties with many reliable third-party insurance companies that can provide you with a level of coverage you’re comfortable with. Contact us today to learn more!
