Now that you’re about to move you may be wondering if you need moving insurance. The answer to this question is ‘yes’! Any smart homeowner knows that just as they need to have health insurance to safeguard their personal health, they would also benefit from acquiring moving insurance. Accidents happen even to the most reliable and careful moving companies. Here at One Stop Moving & Storage we know that life’s circumstances can interfere at any given moment.
Did you know that all moving companies are required by federal regulations to offer two types of insurance coverage to customers who wish to move out-of-state? You can acquire a “released value protection” plan or a “full-value replacement protection” plan. The basic “released value“ protection plan is a standard, free service that is covered in your moving agreement. What is covered under this plan? This plan is set at 60 cents a pound. This means that you will be reimbursed for any items lost or damaged at 60 cents a pound. This includes any items from safety pins, to family heirlooms. For most of us, our possessions are worth far more than a mere 60 cents a pound. That is why we offer another type of moving insurance plan: the full-value replacement protection plan. We recommend this plan if you are moving out-of-state. This coverage is based on the total value of your belongings being transported. When choosing a moving company it is important that they offer reliable moving insurance.
A reliable insurance plan should cover all damages, missing items packed by the moving company, or man-made catastrophes that could arise. Look for an “all risk” policy. This means that the policy should insure your shipment for its full replacement value. Your belongings should be protected from the moment they leave your home until they reach the final destination.
What we can do for you
One Stop Moving & Storage will guide you through each step of filling out the declaration of value form. This form must be completed prior to your move. Questions regarding your insurance claim? Not to worry. We will take care of all the proper documentation required for your insurance claim. One of the most important items is the inventory list of all your possessions being shipped. It is important that the dollar value of all items being shipped are estimated and documented. This is important in the event that you would need to claim any damages. If you need to make a claim to insurance, we will walk you through how to contact the insurance company to report any damages. It is recommended that you report any such damages as soon as your shipment arrives. Proper documentation will make this transition smoother and speed up the process.
With our professional and well trained movers on the job, it is very unlikely that you will need to file a claim with your insurance company. But in any event, we want you to be prepared for life’s mishaps, because we all know that they do happen when least expected. If you have any further questions regarding moving insurance, contact us today and our moving experts will be happy to assist you!
All risk moving insurance
An insurance cover is an absolute necessity for anyone who is planning a move wanting that “full value replacement” coverage protection. An insurance cover should be chosen keeping in mind the following factors: The insurance policy should be reliable and strong to protect you and your belongings from the point of loading to the destination delivery point. The insurance policy should cover for all damages, missing items packed my a professional moving company or any natural or man-made catastrophe that could arise. The policy should be an “all risk” policy and should insure your shipment for its full replacement value.
At One Stop Moving & Storage, our relocation experts will assist you with the declaration of value form which must be completed prior to your move. We also take care of all the necessary and important documentation required for the insurance claim. The most important being the “detailed inventory” containing the dollar value estimate of every item being shipped. The lack of such an inventory document or any discrepancies or inaccuracies in the data may complicate or delay settlement of any claims. This is avoidable when documentation is precise.
In the event of claiming insurance damages, the claim procedures requires that you notify the insurance company as indicated in your insurance policy for survey of damages, immediately after taking delivery of your shipment. The notifications can be done by phone or in person, but we suggest you to submit a written report and keep a copy with you as well. The surveyors report, original insurance certificate, bill of lading and other documents, as required, will be submitted to the underwriters for approval of the claim.
A well documented claim will always help expedite settlement.
As standard regulation set by the Public utilities Commission with reference to valuation coverage, One Stop Moving & Storage will cover the valuation of your possessions at a rate of 60 cents per pound per article that is moved from point of origin to point of destination. This is a standard free service and is included into your agreement for moving services. Hence all items that are included in the move will be covered at this standard rate of valuation set forth by the tariff.