If you are like most people, you will try to cut moving costs whenever possible. But, the truth is that moving house is not the occasion when you will cut corners or engage in some risky attempts to save money. As it turns out, purchasing moving company insurance can give you peace of mind when it comes to your belongings’ safety.
While your movers work very hard to keep damage at bay, accidents do happen due to circumstances beyond our control. Although everyone’s hoping for the best, a lot can go wrong on moving day, especially without a proper plan in place. No matter how careful you are, unpleasant surprises may sneak in and catch you off guard.
As moving puts both your property and your belongings at risk, you may want to research your moving insurance NYC options in order to ensure the best possible protection. If you already have a homeowner’s insurance, check with your insurance company what type of coverage your current policy offers. You may be surprised when you find out that your household items won’t be insured while in storage or in transit.
If you are uncertain as to whether to get moving company insurance prior to move, make sure to better understand all available options and to pick one that suits your needs.
Moving company insurance types
There’s nothing more rewarding than seeing your precious belongings delivered to your new home safe and sound. In order to ensure a smooth transition familiarize yourself with the most common moving insurance solutions. As a matter of fact, each interstate moving company is obliged by federal law to offer the following two options.
Released value protection
Released value protection (basic limited liability protection) is the type of coverage that won’t cost you additional cash. It’s included in the price you’ve agreed to by signing a contract with a chosen moving company. But, as appealing as it may seem, there is one slight detail that may make you think about getting additional moving insurance.
In case of any damage, you will get a reimbursement for only 60 cents per pound. Be it an expensive antique statue or a tiny kitchen item, the fact is that the coverage is far below the real value of your belongings. So, considering all the risks involved, if you decide to go for this type of insurance, the only thing you can do is to have faith and hope for the best.
In addition to that, if something goes wrong, you should know that this kind of insurance doesn’t allow submitting claims against movers. Also, bear in mind that your movers’ liability policy changes if you pack by yourself or pack some of the non-allowable items like food, plants, hazardous items that may endanger the entire shipment.
Full replacement value insurance is the more comprehensive plan based on the valuation of your belongings. By using this option your mind would be at ease knowing that your shipment is safe against any kind of damage. This especially makes sense if you are moving valuable belongings like heirlooms, antiques, collectibles etc.
During the interstate move, your movers will be responsible for the replacement value of every missing or broken item. If anything goes wrong your movers can either repair the item or replace it with the same one. Also, there is a possibility for a cash settlement for the cost of the repair or the actual market value.
When it comes to moving objects of extraordinary value, your movers may limit their liability if those items are not specifically listed on the shipping documents. To sum to, your movers are not obliged to reimburse you for the items whose value exceeds $100 per pound unless they are stated on the shipping document. So, take your time to take an inventory of all valuables you are going to entrust to your moving company.
As you can see, there’s a significant difference between these two options. Which one you are going to choose depends on your budget, type of your belongings and moving distance. Going for the more economical option may leave you without proper compensation.
While everyone’s looking to reduce moving expenses, purchasing a comprehensive moving company insurance plan may be the reassurance you need during hard times.
Filing a claim against movers
Provided that you’ve researched reliable movers in NYC, chances are you will find a convenient moving company insurance rates quickly. Aside from reasonable pricing, positive online moving reviews can make or break a deal. Performing a thorough background check on several movers Brooklyn NYC based locally will help you identify trustworthy professionals.
The truth is that accidents on moving day may happen regardless of your movers’ skills and expertise. Here are some basic steps to follow after your belongings reach their new destination:
- Inspect your boxes for any sign of damage. Pay close attention to the condition of your valuable and fragile items.
- Provided that you’ve taken photos of your items before the move, you can now use them to prove their condition. Also, as soon as you notice any kind of damage, make sure to document it before it’s too late.
- Check with your movers if you can solve the issue peacefully so as to save time and money.
- If your movers fail to provide a satisfactory solution you can proceed with a complaint with the FMCSA. There is a determined time-frame within which your movers should either resolve or deny the claim.
- If your formal complaints didn’t end up the way you wanted, your last resort would be to pursue justice at a small claims court. Just make sure to calculate legal fees that you are going to incur down the road.
- Whatever the outcome, make sure to share your moving experience with other people by writing a comprehensive moving review.