NY Movers Agree That Moving Insurance Is A Good Investment

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NY Movers Agree That Moving Insurance Is A Good Investment

Posted On : Aug-22-2011 | seen (358) times | Article Word Count : 604 |

So you are moving to a new home. You’ve packed up your house and all of your possessions are being loaded onto a truck to be transported by your NY movers to your new home. There is a nagging little voice in the back of your head asking if you will ever see your belongings again and if they will be in the same condition you packed them in. Worrying about potential damage to your belongings and the validity of the movers you hired is something every person who has ever moved has gone through. To help ease your mind about your move you may wish to consider investing in moving insurance.

Moving insurance works in the same way as your auto insurance or your health insurance: it is there to protect your possessions in the event something happens and to reimburse you the cost of your items if it does. After all, accidents happen to everyone no matter how careful your NY movers may be from the start of the move to the finish. Some moving companies offer you insurance, but you need to understand what they are offering and if you need to turn to a third party insurance carrier to additional protection.

Basic moving insurance coverage is offered to you by the moving company and it is required by law that they offer this, especially if they are involved in out-of-state moves. There are two types of basic insurance: released value protection; and full value protection. Released value protection sets your belongings at being worth $0.60 per pound. This is the type of coverage that is typically included in your moving quote from your NY movers. This coverage might be fine for someone who does not have a lot to move, but your belongings are worth more than that.

Full value protection, on the other hand, is based on how much you value your possessions to be worth. The cost to have this kind of protection on your belongings is about 1% of the total value of your goods. So if you deem your possessions to be worth about $60,000 then the insurance would cost you $600 for full value protection. With this insurance in place, you NY movers must offer you the opportunity to have anything that is lost or damaged either with a new one of equal value or repairs to return the item back to its original condition. You are the one that tells the movers how you want them to repay you for the property that was damaged or lost.

Valuable items, such as fancy jewelry, may be worth that $100 per pound. If you have items such as this in your belongings you need to inventory it and provide the movers with a list so that it is covered if it is destroyed or lost. This is required by the Surface Transportation Board. If you do not provide your NY movers with this list, they are not required to repay you or replace the item.

If you do not feel that the coverage the NY movers are offering you, which is basically only liability coverage, you can contact your homeowner’s insurance policy company and ask them if they offer relocation coverage or total loss coverage added to your policy to cover the move. It may be a bit pricey to add, but it will be worth it once you are moved and your possessions are safe and sound in the new home.

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<h1>NY Movers Agree That Moving Insurance Is A Good Investment</h1> Author: <a href='http://www.articleseen.com/profile_michaelhussey.aspx'>michaelhussey</a> So you are moving to a new home. You’ve packed up your house and all of your possessions are being loaded onto a truck to be transported by your NY movers to your new home. There is a nagging little voice in the back of your head asking if you will ever see your belongings again and if they will be in the same condition you packed them in. Worrying about potential damage to your belongings and the validity of the movers you hired is something every person who has ever moved has gone through. To help ease your mind about your move you may wish to consider investing in moving insurance.

Moving insurance works in the same way as your auto insurance or your health insurance: it is there to protect your possessions in the event something happens and to reimburse you the cost of your items if it does.  After all, accidents happen to everyone no matter how careful your NY movers may be from the start of the move to the finish.  Some moving companies offer you insurance, but you need to understand what they are offering and if you need to turn to a third party insurance carrier to additional protection.

Basic moving insurance coverage is offered to you by the moving company and it is required by law that they offer this, especially if they are involved in out-of-state moves.  There are two types of basic insurance: released value protection; and full value protection.  Released value protection sets your belongings at being worth $0.60 per pound.  This is the type of coverage that is typically included in your moving quote from your NY movers.  This coverage might be fine for someone who does not have a lot to move, but your belongings are worth more than that.

Full value protection, on the other hand, is based on how much you value your possessions to be worth.  The cost to have this kind of protection on your belongings is about 1% of the total value of your goods.  So if you deem your possessions to be worth about $60,000 then the insurance would cost you $600 for full value protection.  With this insurance in place, you NY movers must offer you the opportunity to have anything that is lost or damaged either with a new one of equal value or repairs to return the item back to its original condition.  You are the one that tells the movers how you want them to repay you for the property that was damaged or lost.

Valuable items, such as fancy jewelry, may be worth that $100 per pound.  If you have items such as this in your belongings you need to inventory it and provide the movers with a list so that it is covered if it is destroyed or lost.  This is required by the Surface Transportation Board.  If you do not provide your NY movers with this list, they are not required to repay you or replace the item.

If you do not feel that the coverage the NY movers are offering you, which is basically only liability coverage, you can contact your homeowner’s insurance policy company and ask them if they offer relocation coverage or total loss coverage added to your policy to cover the move. It may be a bit pricey to add, but it will be worth it once you are moved and your possessions are safe and sound in the new home.
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