insuring A Successful Relocation

Damage claims are a reality even for the best moving companies and you need to understand the coverage implications.

There are three generic types of coverage offered within the relocation industry:

1) Basic Coverage: Some level of basic coverage is legally mandated at no additional cost to the customer. In the vast majority of states and at the federal level, this option is 60 cents per pound per article. From a practical standpoint, this means that if you have an antique armchair that weighs 10 lbs and it is damaged beyond repair, the movers liability would be $6.

2) Full Value Protection: Moving companies are also required at the federal level (and in the vast majority of states) to offer some form of Full Value Protection. Full Value Protection is similar to insurance, except that technically speaking you are protected under the insurance policy of the moving company; as opposed to under your own policy. With this option, you are paying a premium to cover your household goods during the relocation process and are defining a collective value for all of your items. This coverage is normally offered with or without a deductible. As per the above example, if an antique armchair was damaged beyond repair and you had some form of Full Value Protection, the mover would be required to repair the item, replace the item, or offer a cash settlement for the approximate value of the article.

3) Insurance: It is possible; either through your mover, or independently, to obtain an actual insurance policy for your relocation. This option has become more prevalent in recent years. Although this requires more work on your end, the primary advantage is that claims are filed directly through the insurance company; as opposed to being filed via the moving company.

It should be noted that in order to maintain legal operating authority, every moving company must be licensed and insured. If you are not offered some form of coverage by your representative, this should be a red flag. Claims are settled according to the liability option agreed to on the Bill of Lading.

by: movingaceus

POST COMMENT

Pizza Dough: Reciepe Sourcing Products Method To Deal With Wisely Innovative Way Of Studying Is Better Way Of Studying Jewllery Sets-the Most Appropriate Gift For A Woman! Consider Technical Support To Fix Your Computer Problems Runwal The Orchard Residency Scada: The Engineering Phenomenon Hp - Refurbished Pavilion Laptop / Amd Phenom Ii Processor - Steel Gray Successful System Deployment Is Possible Through A Deployment Plan How To Choose The Best Power Drill? Visit The Incredible Highlights In The Amazing City Of Taipei Select Perfect Woman Swimsuits For Various Body Reach The App Summit With Mobile Apps