We have several options when dealing with moving insurance and we simplified them all to make it easier for customers to understand how it works.
Long distance moves also known as Interstate moves are regulated by the Federal Motor Carrier Administration. The FMCA requires every moving company to offer several types of insurance to their customers.
Confusing? Not to worry, we will simplify it. This type of coverage is provided for free and the responsibility to pay the covered amount falls on the actual moving company, there is no insurance company that assumes the payment of the covered amount.
How does it work? Let’s assume that an article that weighs 10 pounds was damaged during the move, in order to value the coverage amount for repair or reimbursement proposes we need to multiply the weight of the article by $0.60 (10X0.60=$6.00) if the item weighs 100 pounds the maximum coverage will be $60.00.
If you have in your possessions valuable items this option may not be the best one to go with. Most people prefer this option because it is provided for free.
Sounds better and it covers more. This option will fit customers that have valuable items and wish to have them fully covered. Unlike the $0.60 per pound per article option, this type of insurance does cost extra and there are three deductible levels to choose from.
How does it work? Let’s assume that your TV was damaged, and the cost of replacement is $700.00 although the TV may have cost you $2000 two years ago, the insurance company will reimburse you the amount of buying the same TV as it sell at the stores. $700 will be your reimbursement amount. If the repair cost is less than the replacement amount the insurance company will most likely choose to repair the item, than to reimburse the customer.
We recommend that every person moving, make a list of all the valuable items they own and ask the assistance of their moving consultant in choosing the right option. Some home owners insurance and renter insurance policies many cover or offer some reimbursement for damages during moving. Make sure to check with your insurance company before purchasing additional coverage.
It is recommended that customers keep documentation of the condition of any valuable items they are moving, photos are the best way to do so.
In the event that customers need to file a claim, the basis for determining the condition of the item before and after the move will be determined by the inventory done by the foreman of the moving crew and any other documents that the customer can provide. Each and every customer moving long distance will receive a complete inventory list describing the amount of items been moved and their condition on the move day.
Proper packing and wrapping of your items will minimize the chances of damages.