Moving to a new home is an exciting change, but as you embark on this journey, considering how you will protect your items is crucial. One of the wisest decisions you can make when moving is selecting the right moving insurance to suit your specific needs.

Moving insurance will cover loss, damage, and theft of your items during the moving process, allowing you to remain financially secure no matter what happens throughout transportation. But how can you know which moving insurance option is best for you? Follow our complete guide to moving insurance so you can make the right decision for your specific needs.

Moving Insurance Options

Choosing the right coverage for your moving insurance needs requires knowing the options available to you. By understanding the different types of moving insurance, you can make an educated decision about the coverage that works best for your items.

  • Released Value Protection

Released value protection is the most basic form of moving insurance, as this coverage is federally required to be provided by moving companies at no additional cost. However, this option offers minimal protection, as the moving company assumes only limited liability for your belongings. Compensation under this option is typically calculated at 60 cents per pound per item. For instance, if a 10-pound item is damaged, you would receive just $6 in reimbursement. 

Since this coverage does not account for the actual replacement cost of valuable possessions, it is best suited for moves involving lower-value or durable items. While it’s a budget-friendly option, it may not provide sufficient protection for fragile or high-value belongings.

  • Full Value Protection

Full value protection offers the most comprehensive coverage, ensuring your items are either repaired, replaced, or reimbursed at their current market value. If anything is lost, damaged, or destroyed during your relocation, your moving company is responsible for covering the full value of the item. This type of protection is ideal for expensive or delicate belongings, giving you peace of mind that you will be properly compensated.

For valuable antiques, collectibles, or other high-end items, you should consider having them appraised by a professional before your move. A documented appraisal ensures you receive appropriate compensation in case of damage or loss, allowing you to receive accurate reimbursement for your losses.

  • Third-Party Insurance

Third-party insurance is offered by independent insurance providers rather than the moving company itself. These policies generally provide more extensive and flexible coverage than standard moving insurance options. Depending on the provider, you may have the ability to customize your policy to include protection for high-value or specialty items that movers typically do not cover. This can be helpful for people who have unique items such as collectibles or antiques.

How Do You Choose the Right Moving Insurance?

What steps should you follow to determine the right moving insurance for your needs? In four simple steps, you can decide on the ideal moving insurance to suit your circumstances. 

  • Evaluate and Assess Your Items

First, you should start by taking inventory of your belongings and identifying high-value or fragile items. Understanding what you need to protect will help determine the level of coverage required and allow you to have a clearer perspective of the items that need the most protection.

  • Consider Your Options

Next, take time to familiarize yourself with the different types of moving insurance, as detailed above. Each option offers varying levels of coverage, so choose one that best suits your needs and budget.

  • Shop Around

Don’t settle for the first option you find. Choosing the right moving insurance requires some smart shopping to ensure you end up with the ideal option for your circumstances. Compare policies from multiple providers, including moving companies and third-party insurers, to ensure you’re receiving the best coverage at a reasonable price.

  • Look into the Details

Finally, be sure to read the fine print of any insurance policy before committing. Pay attention to exclusions, deductibles, claim processes, and coverage limits to avoid any surprises in case of loss or damage. If anything is unclear, ask questions before signing.

 

How Do You File a Moving Insurance Claim?

Although you’ll undoubtedly have your fingers crossed that nothing ends up getting lost or damaged in transit, you should understand how to submit an insurance claim if needed. Fortunately, the process is fairly simple. Learn how to successfully submit a moving insurance claim below.

  • Act Quickly

Time is of the essence when you need to submit a claim. Although the amount of time varies depending on your contract, it’s important to get the ball rolling as soon as you can to ensure you receive the proper compensation in a timely manner. 

  • Note and Photograph the Damage

Thoroughly document any damage on your items. You should take detailed notes on the condition of the item and photograph the damages. For high-value items, taking photos before moving can be helpful, as this can more effectively showcase any damages that have occurred.

  • Contact Your Mover

Once you have the documented evidence of loss or damage, you should contact your mover or insurance provider with all the necessary information. The paperwork for your coverage should include the information you need to provide, so check to make sure you give what’s needed. 

  • Don’t Try to Repair

Although you may be tempted to try to fix any issues yourself, be sure not to tamper with the items while waiting for your claim to go through. Any additional changes to your item following the initial damage could result in issues with your claim.

  • Receive Reimbursement or Repair

Once you’ve completed the necessary correspondence with your insurance provider, you will receive the reimbursement or repair needed for your item. If any additional issues arise, let your provider know promptly.

 

Count on Moving Insurance for Your Relocation

With moving insurance, you can have peace of mind knowing that your belongings are covered no matter what happens during your move.

Looking for a trusted moving company to help you with your relocation needs? Trust Austin Moving & Storage, Long Island’s reliable full-service movers. Our experienced, knowledgeable team provides comprehensive, customizable moving, packing, and storage solutions for local and long-distance moves.

Request a free quote online or call us today to learn more about our affordable services!