Should You Get Moving Insurance?

You might be relocating because of a new career opportunity, or you found a home that better suits your family’s needs. Moving does take a lot of effort and energy. One thing that can save you from feeling overwhelmed and stressed is to hire reliable movers. To protect your belongings during the process, you might want to consider investing in moving insurance. 

What Is Moving Insurance?

Moving insurance safeguards your belongings from damage and loss while being transported by movers. While you won’t deal with legal consequences if you don’t have one, you might benefit from purchasing a policy when moving expensive furnishings or precious possessions. 

What Are Its Different Types?

Released Value Protection

Home movers offer released value protection at no additional cost. It’s the default option you’ll get if you don’t buy insurance. Typically, the coverage is around $0.60 per pound per item.

Full Value Protection

With full value protection, you will get the complete replacement cost of damaged or missing items. If your property gets broken or lost during transit, your mover could repair or replace the item. They could also offer compensation for the replacement or repair cost. Moreover, full value protection typically costs 1% of your belongings’ estimated value. 

Third-Party Moving Insurance

You can also purchase a policy from a third-party provider. Ask your current insurance company if they are offering moving insurance. If they aren’t, find a reputable company that provides third-party coverage. 

Is It Worth It?

With moving insurance, you will have peace of mind, knowing your precious belongings are protected during transportation. It’s worth the cost if you are relocating high-value items. If you discover missing or broken items, immediately notify your mover or insurance provider. 

Make your next move easier with Tiger Moving & Storage. Our moving experts will closely work with you throughout your move, from planning to packing and safely delivering your belongings to your new home. Call us at (888) 227-6642 or complete our online form to get started. We work with clients around New Jersey.