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Moving 3
Important Moving Insurance Tips
 Because
of problems that can occur when your possessions are transported,
moving companies are required to have some basic insurance for
your goods. Even with this minimal insurance, however, purchasing
additional coverage might be a good idea.
1. Moving
insurance options
There are
two common forms of additional insurance: replacement value
coverage and basic liability, which means the actual
cash value of your damages goods, or reimbursement for the declared
value.
- The standard
for basic liability insurance is about $.30 to $.60 per pound
per item, so if an item weighs 50 pounds the mover's liability
is $30 on that item. If the 50 pound or 25 kilo item is an antique
table worth thousands, don't expect the basic liability insurance
to provide full coverage.
- If you
choose declared value protection you can decide your item's
value and the mover is liable for that value. In the case where
your items are stolen, you and the moving company will rely
on the value that you stated in the moving agreement. You may
need to provide outside appraisals or receipts to prove the
value you are claiming.
- If you
choose replacement value coverage, the mover is liable if your
item is stolen or it breaks, and that's that. As an example,
if your item is stolen, with replacement value coverage you
receive a brand new one, with actual cash value coverage you
get the current depreciated value of your 5 year old item.
2. Filing
a moving insurance claim
- Check the
accuracy of the inventory on the moving company sheet once before
the move and again when the transport has reached the final
destination. Before the move you should look at the number of
items and confirm the condition that the items were in when
they were packed.
- On the
day of delivery, if you find broken items or find that items
are missing, you should leave all the broken items in their
packaging. This step is important if you want to be able to
collect on your claim. While the mover's crew is still there,
create a list of all the damages and lost items. Go over the
list with the person from the moving company who is in charge.
The list should be endorsed with your signature and the signature
of the person in charge.
- Call the
moving company the next day to be sure the claim has been reported.
If you find additional damages the next day, they should be
reported immediately.
3. Read
the fine print!
- All
paperwork related to the move should be kept in a safe place until claims have
been resolved. Make sure you carefully read all of the paperwork as well as the
bill of lading and the property sheet before you put your signature on them.
Knowing
these three moving tips you will help to make sure that you have an easy move.
About the
Author...
http://www.quotesathome.com
Also
see -> Get
Moving - Tips, Tools and Online Connections
More about moving insurance around the Web:
How
to Insure Goods You Move Yourself How
can I insure my possessions during a move? 10
Things Your Mover Won't Tell You |
