While most families don’t want to think of something bad happening during a move, accidents can happen even if a Moving Company Cincinnati is staffed with professionals. Understanding the various insurance options before signing a work order for a move is a good way to ensure that belongings are covered for mishaps occurring in transit.
What’s Covered With Moving Insurance
The coverage offered by moving companies such as D & R Movers isn’t like the policies bought for cars and homes. Rather than covering a specific item, this type of insurance covers the value of a group of belongings. Common types of valuation provided are:
- Full value
- Declared value
- Value in a lump sum
While a moving contract offers specific details of coverage offered, it’s common for companies to offer declared-value coverage at no extra cost. With this kind of valuation, the customer declares a total weight for their belongings, and the company allots a certain amount per pound to calculate total coverage.
Who Can Benefit From Moving Coverage?
While any customer can benefit from moving insurance, it’s sometimes tricky to determine which kind of coverage suits the customer’s needs best. The search can start with an inventory of significant items, and a determination of the replacement cost for those items. Once a dollar figure is available, the customer can usually tell whether they need moving insurance.
Evaluating Options
If a customer determines that their belongings’ values aren’t accurately represented by their weight, it may be worthwhile to choose full value or lump sum coverage. These options’ costs vary by company, and customers should ask their representative for rates. As options are compared, the customer should remember that having full coverage on antiques and other expensive articles can allow complete compensation if damage occurs.
Customers should also check with their renter’s or homeowner’s insurance company. A current policy may already offer some type of coverage for items during moving. If not, a rider may be available. In the end, moving insurance from an insurer or a Moving Company Cincinnati makes sense when some of the items to be moved are of substantial value. Visit website for more details.
