Moving furniture and packing a house for a move can be a stressful and tiring process. To ensure that your belongings are protected during the move, you may want to consider purchasing moving insurance. Moving insurance can provide coverage for any items that are lost or damaged during the move, as well as restoration costs for any damage caused to your property. Your home insurance policy may also offer limited coverage for your personal belongings during a move.
Before joining Sound Dollar, Jennifer served as assistant insurance editor at Forbes Advisor and was an insurance staff writer and editor at the University of California. A home inventory is a way to help make decisions about home insurance coverage or renters insurance & to accelerate the process of insurance claims in the event of theft, damage, or loss. It is important to review the moving company's insurance policy carefully to make sure you know how much coverage is available. You can file a claim with your insurance company if a covered item is lost, stolen, damaged, or destroyed during the moving process. You'll continue to receive reimbursement protection if you purchase third-party insurance through a moving company.
If your moving company doesn't offer insurance to third parties, you can buy a policy directly from an insurance provider. Whichever way you look at it, moving insurance can provide some protection during an extremely stressful time. Even if everything is going perfectly, moving insurance provides peace of mind and gives you one less thing to worry about. The moving company will continue to be responsible for protecting the published value of 60 cents per pound, but this additional insurance policy will cover the rest of the loss, up to the limits of the policy. If something is damaged during the move, you should take a picture and file a claim with the moving company or your insurance company. The most comprehensive type of coverage that moving companies can offer ensures that the moving company is responsible for the full replacement value of items damaged or lost in a move. Packing smartly helps reduce the risk of damage or loss during a move.
Make sure to review your home insurance policy and the moving company's insurance policy carefully before making any decisions about purchasing additional coverage. Moving can be an overwhelming experience, but having moving insurance in place can help protect your belongings and give you peace of mind. Knowing what type of coverage is available and what it covers will help you make an informed decision about whether or not to purchase additional coverage.