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Tips on Moving Insurance from Top Reading Movers

If you’re moving sometime in the near future, you are probably wondering whether moving insurance is necessary or worthwhile. It’s important to be informed and your Reading movers at L&J Transportation want to answer any questions you may have. We value our customers and we want you to have peace of mind with your upcoming transition, so don’t hesitate to call us! 

If you’re moving your belongings to a new location, then they must be valuable enough for you to want to bring them along. That being said, your movers are liable for the value of your transported goods, regardless of how far you might be moving, according to the U.S. DOT Federal Motor Carrier Safety Administration. It’s important to remember, however, that there is a difference between moving insurance and valuation coverage policies, and the most reputable Reading movers will offer two options for valuation coverage policies: Released Value and Full Value. 

Let’s look at both of them:

Released Value Coverage – This coverage option is free to the customer, but your moving company doesn’t have to pay more than 60 cents per pound per item damaged. This legally required coverage typically isn’t enough money to repair or replace anything with medium to high value. As an example, your Reading movers would only have to pay $120 for a 200-pound solid marble dining table, even though it might be valued at $3,000.

Full Value Coverage – This coverage option has a price tag. It’s still not considered “moving insurance” but may be easily be worth its price. The movers are responsible for the entire value of the truckload when you choose this option, but the company can choose to give you a cash settlement, repair the broken item, or replace the damaged piece.

The full value coverage might satisfy your needs unless you have especially valuable pieces. In that case, people typically opt for a moving insurance policy by calling their homeowner’s insurance agent or any reputable insurance company. Just as with a standard policy, you can pay for your insurance with or without a deductible.

As your experienced Reading movers, we at L&J Transportation encourage you to read and consider protection coverage details carefully. We want you to have a positive experience, whether moving across town, state, country or international waters. Our experts are happy to answer any questions on relocating. Don’t hesitate to call us today!

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