The Experts at Advantage Moving & Storage Answers the Question “Do I Need Moving Insurance?”

The moving & storage of your household goods means trusting the moving company you choose, moving insurance may be the best way to protect yourself.

The thought of buying moving insurance is one that typically occurs to most of the customers at Advantage Moving & Storage. We believe that if your household goods are important enough for you to pay to move it, then it is also worth insuring. However, it’s not quite as simple as that. At Advantage, our mission is to ensure each of our customers enjoys a smooth and stress-free move. To help you make your decision, we have assembled this information for you.

Limited Protection Included

Whether your move is taking you across town or around the globe, the moving & storage company you choose is responsible under US DOT Federal Carrier Safety Administration regulations for the value of everything we transport.

Along with this Advantage offers two forms of valuation insurance coverage, Release Value, and Full Value.

• Released Value – This is the free form of insurance offered by most moving companies and comes with significant limitations. Under the US DOT regulations, movers are only liable for a mere sixty-cents per pound of your belongings. So that $2000.00 flat screen UHD 4K television that weighs 15lbs is insured for a total of $9. Doesn’t sound like a very good deal, does it?
• Full Value Coverage – While you do have to pay for Full Value Coverage, but you get better coverage for your money. This is not so much “moving insurance” as it is “valuation” insurance. As such the moving & storage company you hire assumes responsibility for everything; they are moving for you. The company has the option to repair the item, replace it for you, or give you the cash value of the item.                                                                                                                        

Wait, There’s More  

While Full Value Coverage does cover everything being shipped, you may want to contact the company providing your homeowner’s insurance to have them add extra moving insurance coverage. You do have to pay for the coverage, and there is a deductible, but the costs are worth the peace of mind. For more information about moving insurance contact Advantage Moving & Storage at (847) 584-3908 and let our experts help you determine the right insurance for your next move.