Common Moving Insurance for Movers in Brandon

Insuring your prized possessions when moving is something of a norm because even with the assistance of the finest movers in Brandon, we never know what can happen along the way. No matter how prepared you will be or how careful the company is, accidents can still happen whether it’s inside the house or while loading and transporting the packages. So with that, just like a health coverage, it is always better to be safe than sorry. Thus, it is wise to get additional moving insurance so that the full value of your goods could still be recovered just in case anything happens.

Moving valuation is provided by such companies, as mandated by the law. This is a basic, limited liability that is written on the contract, and it is better known within the industry as the Bill of Lading. Of course, there are other moving insurance options which could be provided by the moving company itself, or a third party insurance agent or company. The only insurance directly offered by movers is the Full Value Protection.

As stated earlier, moving valuation is mandated by the federal laws, and this basic limited liability coverage is acquire immediately after signing their contract. In this coverage, no extra costs are paid, but more often than not, it will not match the actual value of your belongings. Movers in Brandon will often have $0.30 to $0.60 per pound rates for local or long distance moves, per item. If you trust the company or do not really want to fork more cash for expanded insurance, then it is better to go with just that. Otherwise, you can opt for a full value moving insurance coverage.

It’s a common misconception, though, for moving valuation to be mistaken as moving insurance. But the main defining feature of a moving insurance over a valuation is the ability to allow punitive damage—when the bed sustains significant damage during the move, you can actually file a punitive damage claim for sleep lose. The only thing valuation does is to compensate for the broken item.

So what are additional moving insurance then? Full Value Protection is one of the most common ones and this is paid by you. Under this insurance, the moving company will be held liable for replacing every damaged or missing item in your package with its full value. This is otherwise known as “Full Value Moving Insurance”, since it’s easier to understand without having to explain in tedious detail. Since this is like any other insurance, there is an applicable deductible and minimum amount of coverage.

Conclusion

If you ever decide to avail of moving insurance in line with movers in Brandon, first thing you need to do is take some pictures of the items insured. They should have time stamps as well, so that you’ll be prepared if you need to file a claim. After purchasing the FVP, your mover will then take a full inventory of every item packed and their condition before loading them to the truck. Once the move is done, you have a maximum of nine months to file a claim, depending on the insurance option.