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MAIN
Moving
3
Important Moving Insurance Tips
Because of
the many problems that can occur when you hire a moving company
to transport your possessions, the moving companies are required
to have some basic insurance for your goods. Even with this basic
insurance, purchasing additional coverage might be a good idea.
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 of the the declared value.
First Tip
:
- The chance
to successfully collect on a claim after a move is one in three.
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 pond 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.
Second Tip
:
- 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.
Third Tip
:
- 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
is committed to bringing you the resources and services you need
to successfully manage the relocation process without ever leaving
the comfort of your own home. We have compiled the most extensive
network of moving companies, lenders, and real estate professionals
to provide you with a one-stop shop to manage your relocation.
Related
Sites of Interest:
How
to Insure Goods You Move Yourself
How
can I insure my possessions during a move?
10
Things Your Mover Won't Tell You
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