Moving Insurance: What To Know

basic valuation

No one wants anything to go wrong on moving day, but sometimes accidents do happen. You can minimize your risk by choosing a moving company with years of proven excellence and a stellar reputation for service. You might already have moving insurance coverage through your homeowner’s or renter’s insurance policy. If your homeowner’s or renter’s insurance doesn’t give you the coverage you want, be sure to find out what kind of insurance comes with the price of your move.

What kind of basic coverage comes with the price of a move? 

All licensed moving companies include government-regulated Basic Valuation in the cost of a move, which is not full-coverage insurance.

Valuation refers to how much moving companies will pay for belongings that are damaged or lost. In most States, Basic Valuation is $.60 per pound per item.  It’s based on how much an item weighs.

This means a one-pound bag of sugar and a one-pound bag of diamonds are valued exactly the same. If an item is worth more to you than $.60 per pound, we recommend getting more coverage.

Best Moving Tip:

The best insurance is a stellar mover with a  reputation for excellent service. Look for a moving company that has been in business for decades; years of experience are proof that clients keep coming back for more. Verify  the moving company is insured and check that their license number is valid by searching it in this database. Never use a moving company without a license number or insurance.

Let us answer your questions about moving insurance.

Where can I find moving insurance? If you do not have coverage, then we recommend purchasing a policy from a third-party insurance company. We will walk you through this process and help you get the coverage you want. Prior to your scheduled move, give us a call at (800) ASK-PROS.