Answered by Nicole La CapriaJuly 9, 2013
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There are a variety of types of moving insurance, and most can be purchased directly from your moving company. The standard compensation offered by movers for lost or damaged goods is known as Replacement Value Protection, and it covers a mere 60 cents per pound per article. This means if you have a 10-pound television, you will receive only $6 compensation should something happen to it.
For an additional charge, movers offer Full Value Protection, which will hold them liable to compensate you for the full value or replace the item with something similar and of equal value. You can also purchase insurance from a third-party carrier, and then file the claim with that insurance company if an item becomes lost or damaged.
While there are some companies that specialize in insurance policies for moving, most insurance companies offer coverage for moves. Before purchasing a policy from a third-party carrier, find out what options your moving company can offer you and the costs. Make sure you are also aware of the conditions for coverage--movers may not cover damage resulting from items you have packed yourself.
You can compare quotes from moving services today right here at Movers.com! Don't forget to come back and tell us all about your experience by writing a moving review!
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