Christine Frantz

3 Forms of Basic Moving Coverage


Moving is an arduous task. There are a lot of things to consider when preparing for the dreaded moving day. Movers in Southeast Michigan also state that because of the stress, people seem to forget about crucial factors to consider and just pack everything up in unlabeled boxes. The stress dies down until it gets fuelled again when they realize your items were damaged during the moving process. Now, the client might say to himself/herself “it’s not of my own doing but rather, it was from the movers”. They then try to calm down and ask the moving company for damage fees and unfortunately, they are again stressed out over the fact that their items aren’t FULLY covered.

Taking this in a moving company’s perspective, they aren’t liable for damages to the fullest extent rather, they are only liable for damages to a certain extent. For those of you who have already experienced such situations where you tried claiming for damage fees, you might have wondered why you haven’t gotten the full coverage of the damaged item. Well here’s why. By law, movers anywhere in the country should provide insurance for the client’s items (if a moving company doesn’t, they’re probably illegitimate). Given this, there are limitations as to how much they can actually pay in case any damage occurs to an item and there are certain conditions that you as a client would have to consider if you want your items to be insured.

Here are three basic forms of coverage for your items

First up is what they call as released value coverage. What this means is that, by law, moving companies are required to provide your items with insurance. But before you jump into conclusions, this is where value per pound comes into play. See, state laws require movers to cover 60 cents per pound. In a more realistic approach, think about it as having a fridge weighing at 400 pounds. If during the moving process, the fridge somehow incurred damages, the moving company you hired is liable to cover 240 dollars for damages.

Here’s the computation

400lb x 0.60dollars = 240 dollars

The same also applies to other items as well. Now, it may be far from what you are expecting but it’s a reality that you have to be prepared for when moving. It would be advisable to choose well-rounded movers in, say, Southeast Michigan to do the job properly and reduce the chances of you having to face this form of reality during the moving process.

The next one is called full value protection. This form of coverage is perfect for long distance movers. How does it work? Well, you are going to put an estimated value on all of your belongings. Some companies are able to provide you with an estimate. Now once you achieve a realistic sum for all of your items, the full value coverage would entail 1 percent from your estimate before you get the full coverage. For example, you estimated that all your belongings are worth 100,000 dollars. 1 percent of your valuation is what you will have to pay in order to get full coverage. Going back to the example, you are going to pay 1,000 dollars.

Here’s the computation

100,000 dollars x 0.01 = 1,000 dollars

This coverage can get tricky as the more you value your items, the higher the amount you will have to pay to get this form of coverage. Now, a factor that makes this tricky is the possibility that none of your items get damaged during the move. So you might be losing more money than you initially expected.

Last but not the least is limitations on reimbursements. Moving companies, as mandated by the Surface Transportation Board, will not reimburse you for items that aren’t valued at more than $100 dollars per pound unless it is listed on the shipping list. Take this for example, a 25-ounce piece of jeweler priced at 50,000 dollars. That would be a valid item to be listed. But if you fail to list it. There is no chance that the moving company would even consider reimbursing a dime for your jewelry in case it got lost in the process.

These three are mere basic types of coverage. There are a lot of other forms of insurance that will cover for your items during the moving process. All you have to do is research more about them or ask your local movers in your home town of Southeast Michigan, or anywhere else for that matter. All it takes is a little patience. With that, your items are guaranteed covered from any damages or loss during the move.

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