If you are planning an upcoming move with a professional moving company, you likely have questions about moving insurance. After all, you don't want to end up with broken items at your new place that you can't afford to replace. Here are some common concerns about buying and using moving insurance.
What's Wrong With The Basic Moving Insurance?
You may have heard that you'll receive basic moving insurance any time you use professional movers. Unfortunately, you may not realize that the insurance doesn't cover that much. Basic moving insurance will reimburse you for damaged items based on their weight, not by their value. This means an antique item that can easily become damaged will not be covered for their true replacement value. Expect to only receive about 60 cents per 1 lb. for damaged items, which will be barely enough to replace anything.
How Is Full Replacement Coverage Different?
By selecting full replacement moving insurance, it guarantees that any items that are damaged will be replaced with a new item. This can put you at ease by knowing that everything will get to your new place one way or another. However, this type of insurance does come at a price, as it is often estimated based on the weight of the items that you are transporting. This means that if you have many cheap and heavy items that you are transporting, but are worried about a few lightweight and expensive items, it will be costly to buy full replacement coverage on everything that is being moved.
Are There Exceptions That Won't Be Covered With Full Replacement Coverage?
Check with your moving company to determine what will and will not be covered with full replacement insurance coverage. It is common to require the movers to do the packing as well, which will ensure that everything that makes its way into a box is packed correctly. If you do your own packing, those items boxed by yourself may be excluded from your full replacement coverage moving insurance.
How Can You Make A Claim With Full Replacement Coverage?
If an item is broken during a move, contact your moving company for information on how to file a claim. Each moving company may have different ways that they process claims, including the requirement that a deductible is paid before you can even use the insurance coverage. Make sure you fully understand how to make a claim before signing up for full replacement coverage.
For more information, reach out to a company like Affordable Moving Company.
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