• Travis Bassett

Moving Insurance 101: What You Need to Know About Moving Insurance

Updated: Mar 8

If you are preparing for a move, then you’ve probably asked yourself, “Should I get moving insurance?” At Pack It Up Moving & Storage, we know how stressful it can be to pack up your entire life and personal belongings and leave it all in the hands of movers. Lucky for you, our residential movers in Atlanta will tell you what you need to know about moving insurance and whether it is right for you.

What Is Moving Insurance?

The purpose of moving insurance is to compensate the policyholder in the event that their personal belongings are damaged, lost, or stolen during a move. Accidents may happen during a move, and moving insurance can help you recover items or at least some of the valuation of the items that were compromised in transit. Moving insurance can vary greatly in coverage, so it is important to know what the various plans may entail.

What Are the Different Valuation Coverage Options?

A valuation is an amount a moving company will be responsible for if any of your personal belongings have been damaged during relocation. All interstate moving companies must offer two liability options to their customers as required by Federal law.

What Is the Most Basic Moving Insurance Coverage Offered?

A released Value Protection policy is the most basic insurance coverage offered by moving companies. It is automatically included in your total moving cost and provides the minimum coverage for both interstate and intrastate moves. Released Value Protection moving insurance offers the customer $0.60 per pound per item. While this might be good enough in some cases, released value protection may not be ideal if you have valuable items since you will only be compensated an almost insignificant percentage of its actual worth in the event that it is damaged or lost. To illustrate:

Full Value Protection

Another moving insurance policy offered by most moving companies is known as full-value protection. This type of valuation coverage protects customers more if one of their personal items has been damaged or lost during transit. Having this insurance while moving means that the moving company is responsible for the current or depreciated value of your items. Our Buckhead movers noted that this ensures that you will receive compensation for the current market value of any damaged or lost items.

Our Alpharetta movers note that you should always be wary of items that may be of extraordinary value. Movers are not liable for items of extraordinary value that are lost, broken, or damaged. We recommend keeping an inventory of all your personal belongings, noting any existing scratches or marks before the movers arrive.

Should I Get Moving Insurance?

All professional moving companies have a moving insurance policy with differing valuation options available. A further option is obtaining additional moving insurance from a third party. This should depend on the value of the items you are moving. Our Peachtree City movers recommend evaluating your items, as well as weather conditions, before purchasing third-party moving insurance. If you have specialty items and would like additional moving insurance coverage, consider full-value protection insurance.

Hiring a Professional Moving Company Before a Move

Pack It Up Moving and Storage in Atlanta offers a variety of residential and commercial moving services, and storage options, for a seamless transition to your new property. Our team of professional movers and packers is highly trained to ensure your items arrive damage-free.

We offer exceptional loading and unloading services in Georgia as well as packing services and storage units in Atlanta! Contact us today to speak with a Pack It Up Moving representative and find out more about our moving valuation options.

Additional Reading:

Reasons to Move to Atlanta

Living in Atlanta: What You Should Know Before Moving

Items You Can’t Put in Storage

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