Moving Insurance And Valuation Coverage
Regardless of the moving company that you choose, they must have moving insurance and valuation coverage as part of their services. They are required to provide both of these coverage packages and depending on which state you reside in, valuation coverage is typically added on, free of charge.
When a customer is signing their bill on the day of their actual move, they must be sure to look it over thoroughly and be certain that their valuation coverage has already been included. If you are relying on your moving company for storage purposes, they are also required to provide you with a warehouse insurance policy, which is a little known fact.
The purchase of valuation coverage is an absolute must, no matter how valuable you believe your possessions to be. Some states only require a moving company to provide a minimum value coverage. State laws mandate that a moving company offers a certain amount of valuation coverage. Individual moving companies are willing to go above and beyond, however, offering their customers the chance to purchase additional coverage.
These companies try to cater to the client’s specific needs, by offering them a wide range of coverage options to choose from. The vast majority of state laws require a moving company to offer valuation coverage to their customers at a rate of 60 cents per pound. Clients should be warned that not all states offer the same rates when it comes to valuation coverage.
Other states may only offer a rate of 30 cents per pound, so it is pivotal for customers to check before hiring a moving company. Or, you can check with your individual state to find out what their going rate for valuation coverage is.
Any sort of free valuation coverage offer is typically not going to be able to meet your needs. You get what you pay for and valuation coverage is no exception. If severe damages are suffered, free valuation coverage plans tend to be very limited in what they can accomplish.
When goods have been misplaced, lost, or damaged, a free valuation coverage is essentially powerless. Movers who are concerned about potential losses or damages are urged to get in touch with their home insurance companies. In many cases, these insurance companies are able to provide you with a better insurance policy than the movers can.
Another popular option is to inquire about the moving company’s full coverage package. The majority of moving companies do not offer clients a varied range of valuation coverage plans to select from, but they do offer some form of full coverage.
It is important to note that customers who require the movement of several high end items may struggle to find a coverage plan that suits their needs. Owners of antiques, collectibles, expensive jewelry, or fine china will likely need to purchase a separate form of coverage to ensure that their expensive items are properly insured.
While this coverage tends to be quite expensive, those who are moving a large number of high end items across state lines may wish to purchase the insurance anyways. The amount spent for the coverage pales in comparison to the cost of replacing several pricey luxury goods.
Valuation coverage is arguably the most crucial form of coverage that a client will need to purchase, but it is far from the only moving insurance that a person needs to be aware of. Moving companies are required by law to provide several forms of insurance to their workers and customers.
As you can imagine, workers sustaining injuries while moving cumbersome and heavy items is a regular part of the job. From the customer’s perspective, it is pivotal to inquire whether the company your choose provides worker’s compensation insurance to the movers who are tasked with moving your items.
If the company does not offer worker’s compensation insurance, then you may wish to consider a different service. When a company does not provide this insurance to their workers, this means you could held responsible for any injuries that a mover sustains while on the job.
This includes any costs for the mover’s hospital care and any other fees associated with their injury over the long haul. This should be reason enough for a person to do their homework before hiring a moving company and make sure they are providing worker’s compensation for their employees. If a company does not care about the welfare of their own workers, what are the chances they will care about the welfare of your items?
Cargo insurance is also very crucial. Cargo insurance provides coverage for clients who wish to protect themselves from the costs associated with replacing items that are stolen while in transit. The roads can be dangerous and accidents have been known to happen. Should any of your goods be damaged in a wreck, cargo insurance ensures that you will not be footing the bill.
Liability insurance
For damages that are incurred at the home, liability insurance is a necessary form of coverage. Regardless of whether you are a private homeowner or an apartment renter, liability insurance covers any damages that take place during the moving process at the place of residence.
When a mover causes damage, even if it is accidental, liability insurance provides coverage. This includes any damages caused by the moving vehicle. During the moving process, driveways, street signs, and lawns are at risk of damage. Liability insurance keeps clients from having to shoulder the burden of paying for these issues as they arise.
Any moving company that does not offer all of these coverage plans is typically not reputable. When selecting a moving company, you will want to choose one that is prepared for any and all eventualities that may take place. Accidents and mistakes are known to occur, no matter how careful you and the movers are.
During the process of choosing the company that will be responsible for moving your items to your new place of residence, be sure to ask plenty of questions and pay close attention to the word of mouth the company has generated. If they have a poor track record and are known to lose or damage items, their services should be avoided at all costs.
A quality company aims to please their customers and provides them with the peace of mind that they seek during an extremely stressful period. They do not attempt to remove themselves from the process when typical problems arise and they are able to process customer damage claims in a timely fashion.
Customer satisfaction must reign supreme when a person is deciding on a moving company. Do not choose one without positive word of mouth and a history of exceeding expectations. Ask the right questions and do your homework on the laws governing moving insurance in your state, so that you are not able to be taken advantage of by an unscrupulous moving company.
