For most people, this means getting moving insurance. But for many, it’s a kind of grey area. Can they get it from the moving company? If not, where can they get it?

The following offers tips on finding the right moving insurance company for you.

Ask Your Mover

It’s important to understand right away that moving companies are not licensed to offer insurance. They only basic carrier liability that is required by law for all movers to carry. Typically, it is based on weight and pays about 60 cents per pound if an item is damaged.

At Good Greek Moving & Storage, we always recommend that people look into getting more insurance. We work with reputable third-party insurance companies and can make recommendations to you on who to contact.

Check Your Home Insurance Policy

If you already own a home and have insurance on your belongings, then you may have a clause in your contract that covers your items while in transit. However, this could be limited. Check your policy and see what type of coverage you have in place.

Check Your Renter’s Insurance Policy

You also want to check your renter’s insurance policy. If you plan to stick with the same insurance company when you move to your new place, then it’s possible they will offer some coverage for your goods while in transit.

Trip Transit Policies

If you are not covered, then you want to consider buying a trip transit policy. This is offered by most of the major insurance companies, so you should be able to talk to the insurer you have right now. These policies cover your belongings during the duration of the move. The details can vary from insurer to insurer.

However, there are generally two areas of trip transit insurance to get.

Full value protection.This offers coverage for the replacement value of a lost or damaged item; the cost to replace a lost or damaged item with something of equal value; or payment for repair of an item.

Separate liability insurance.This typically pays you the value of any lost or damaged item, minus whatever the mover is paying through basic carrier liability.

Further Considerations

The above describes where you can turn to find a moving insurance company. However, it’s important to keep in mind that you need to read the details of every policy closely.

Some, for example, may only cover your items (such as jewelry) at a depreciated value. You may want to discuss the terms of coverage at the level you feel is adequate.

Another issue is creating a comprehensive list of all your items before the move, according to State Farm . That’s because if you file a claim for a lost or damaged item, you may have to prove the damage occurred during the move and not beforehand. It’s a smart move to take photos of your valuable items as well as making a list of them. All this can support your insurance claim should something happen.

Insurance is really about peace of mind. While every move is expected to go smoothly, sometimes accidents happen. It’s helpful to know where you can turn to find the moving insurance that you need.

Are you Finding A Moving Insurance Company? Call (561) 683-1313 to speak with a relocation specialist today. 

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For most people, moving insurance is not something they have spent much time thinking about. They tend to have many questions. Here are seven of the most common questions we hear.

Do I Need Moving Insurance?

We at Good Greek Moving & Storage encourage clients to at least look at moving insurance that will give them a higher level of coverage than that provided through basic carrier coverage. That basic coverage, which moving companies are required to provide, only pays about 60 cents per pound if something is damaged.

Do Moving Companies Need Insurance?

All moving companies are required by law to provide customers with basic carrier coverage. However, they also should have trustworthy third-party insurers that they can recommend for you to use.

Can You Sue A Moving Company?

This is typically an extreme, last resort. If there are issues with a damaged item, then the first step is to file a claim with the company or your third-party insurer. A lawsuit usually only happens if the company refuses to pay. Other issues – such as asking for more money once your items are on the truck – could lead to a lawsuit.

Does Homeowners Insurance Cover Moving?

In some cases, a homeowner’s policy will offer coverage for your belongings when they are in transit. However, it may only offer minimal amounts of coverage. You’ll want to look at the details in your homeowner’s policy and call your insurer if you have any uncertainty or questions about the policy.

What About Renters Insurance?

Renters insurance may also cover items in transit, although this is rare. It’s more likely, however, if you plan to stick with the same renter insurance company at your new place. In that case, some companies may offer insurance coverage for your belongings.

What If I Move Myself?

If you decide to do a DIY move using your own vehicle, then you also take on the responsibility for your belongings. It’s possible your current homeowners’ policy and car insurance will offer some coverage for items if they are damaged while you move them in your own vehicle. However, if you use a truck rental service, they will offer insurance that protects the rental vehicle as well as the driver, cargo and passengers.

What Do I Need To File a Claim?

This is where you also need to pay attention to details and plan ahead. A smart move is to make a comprehensive inventory list of all the items you plan to move, in case something gets lost. It’s also smart to take a photo of the more valuable items. This will come into play if you file a claim for damaged goods and need to prove it happened during the move and not before.

[READ: Why We Recommend Getting Moving Insurance]

These are some of the frequent questions around getting moving insurance. The first step is to find out what you have right now. Then, get the insurance that makes the most sense for your specific situation. While it’s more likely that nothing will happen to your items, insurance provides peace of mind that can greatly lessen the stress of moving day.

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