What’s Moving Companies Insurance & How It Works

This article originally appeared here and has been published here with permission.

As per the data presented on the internet, one-fifth of Americans have either moved their house or know someone who relocated due to the outrage of COVID-19. Apart from that, there could be many reasons to relocate. It could be having access to more amenities, moving into a better location, etc. If you're someone who is planning to move as well, you must have considered associating with the cheap local movers. Whether you get in touch with the cheap or expensive moving companies, the majority of them provide insurance facilities, especially when the move is out of the state. But, do you really need to have insurance?

If you're clueless about what insurance is in moving companies and how it works, don't worry, we've got you covered.

What's Insurance In Moving?

The role of moving insurance comes into play when you get any of your belongings broken or lost. The insurance reimburses your possessions in case a mishap takes place. But, not all your possessions can be covered with moving insurance. It depends on the type of insurance package you have purchased. Moving companies also offer various options to increase the insurance coverage in case you wish for it.

Types of Insurance Plans For Moving

1. Full Value Protection – In this plan, your moving company will be liable for all your belongings. In case, an unfortunate event takes place during the shipment, the movers will be responsible for the total replacement value of your possessions.

2. Released Value Protection – This type of insurance plan is offered by all moving companies at zero additional cost. But, it offers very minimal coverage for your belongings. Released value protection only offers 60 cents per round. For instance, if your $600 television gets damaged or broken during the move, you'll only receive $3.

3. Separate liability Coverage – Movers who are associated with the insurance companies provide separate liability coverage with some additional charges. Apart from this, your movers will still be responsible for your possessions under the released value protection. This type of insurance plan has got you covered in both ways.

However, moving companies will not be responsible in case your possessions get damaged from natural disasters or if you pack any perishable or dangerous items without letting the movers know. So, with that being said, if you've been looking for the cheap interstate movers backed with the insurance, look no further than "Stairhopper Movers".

The company has been helping homeowners and businesses relocate since 2001. Their team of professionals holds a plethora of experience moving houses, which ensures a safer move. They move over 20,000 houses per year, which indicates they're really good at what they do. So, free to get in touch and kick-start your moving journey. You can also visit their official website to know more.