Unfortunately, there are many things that can go wrong during a move. Possessions can be dropped or bumped into walls or doors; rain can unexpectedly drench some boxes; or the moving truck can be involved in a crash on the highway. Any of these accidents could render your possessions worthless.

To adequately protect your possessions while they are being moved, you should get one of the three basic types of moving insurance.

Three Types of Moving Insurance

Homeowner’s Insurance Policy

If you have homeowner’s insurance, check your policy or talk to your agent to see if a move is covered. Often moving isn’t covered in homeowner’s policies because your possessions are in the hands of the moving company; however, all policies are different.

Moving Company Insurance Policies

Moving companies are automatically responsible for damage to your assets up to a set amount, like $.30 per pound, depending on the state and the company. However, this amount of coverage is nothing when you’re talking about a $1,000 flat screen TV or a $300 handcrafted vase, which cost a lot more than $.30 per pound.

Moving companies also offer separate guarantees that they will replace the value of damaged assets. This insurance is offered at a price, and you will need to talk to your moving company if you are interested in this protection. If you do agree to a policy with your moving company, make sure that your moving company is aware of the assets you want covered.

Third Party Insurers

There are many insurance companies that offer moving insurance, which will cover the price of your assets up to a certain amount. The more you pay, the higher you are covered. These policies are often fairly cheap, but considering a move is only a day or two, you might find even those prices a little steep.

To find out more about mover’s insurance, contact your homeowner’s insurance company or talk to your moving company or realtor.

Next Step: Finding Self-Storage

Related Articles
Moving Day Considerations
Finding the Right Mover
Prepping and Packing