What you need to know about moving insurance

Moving to a new home or office can be both exciting and stressful. You have to pack all your belongings, hire a moving company, and ensure that everything reaches your new location without any damage. While most moving companies take necessary precautions to ensure the safety of your items, accidents can happen. That’s why it’s essential to have moving insurance. But not a lot of people understand how moving insurance works and why it is crucial to have it when hiring Central Florida movers. That is why today we will be talking about what you need to know about moving insurance. Make sure you read and apply to your relocation everything you learn here to be as safe as possible during relocation.

What you need to know about different types of moving insurance

In essence, there are two types of moving insurance you need to know about released value protection and full value protection. These types aren’t the only ones, but in essence, they can tell you a lot about what is covered by your insurance policy. Released value protection is the default insurance option provided by most moving companies. It’s also the most basic and cheapest option. Under this option, your mover is liable for up to 60 cents per pound per item that get damaged or lost. For example, if your 20-pound TV gets damaged, the mover will only be responsible for $12 (20 pounds x 60 cents). This option is suitable for moving and storage Orlando offers, for items of low value and don’t require much protection.

On the other hand, full-value protection is a more comprehensive option that covers the full replacement value of your items. Under this option, the mover is liable for repairing or replacing the item at its current market value. The cost of this coverage varies depending on the total value of your items. However, it’s typically 1-2% of the total value.

Which insurance option should you get

When purchasing moving insurance, it’s crucial to read the policy carefully before hiring commercial movers Orlando relies on. You need to understand what’s covered and what’s not. Some policies may exclude certain items or don’t provide coverage in case of natural disasters and other external causes. Remember that the insurance company may require proof of value for your items, so it’s a good idea to document your belongings before the move.

Packing is a crucial step. How you do it matters. You are more likely to get coverage if you use packing service Orlando offers. This is because some movers don’t cover insurance in case something breaks during transit and the client packs it.

Put it in writing!

Lastly, it’s worth noting that some homeowners’ or renters’ insurance policies may provide coverage for your items during the move.  Even though that is rarely the case, checking with your insurance provider is a good idea.  Your insurance company should put what you need to know about moving insurance in a written form. If they offer some coverage, compare their policy with the moving insurance options to see which is right for you.