Different types of moving insurance explained

If you are about to relocate to another place, you need to have everything organized and prepared properly. As you probably know, the moving process requires to be focused during the whole time. Finding a moving company, selecting the items for your relocation, defining the costs, etc. are some of the major things for every moving process. In other words, you need to prepare for moving properly. However, most people often forget about one crucial thing: moving insurance. Having this document is an important thing. In this way, even if damage happens during the relocation, you will not need to worry about it when you have insurance. Still, what should you know about it? 

What is moving insurance? 

Firstly, you need to know some basic things about moving insurance. You need to know that this is not actual insurance. Most moving companies use the term valuation. By having this document, a moving company ensures compensation for your belongings which are damaged or lost during transportation. Still, valuation functions like insurance. So, you can be sure that in any unpleasant situation, you will get some compensation.

A document representing agreement about moving insurance.

By having a contract with your moving company, which includes insurance, you can be sure about your belongings


How to recognize a reliable and decent moving company?

As you probably know when we talk about insurance, in most cases, you will only get it from a reliable and decent moving company. But, how to recognize the right one? There are some simple tricks, but you should know the major ones. The basic thing is if a company offers a moving quote. So, finding a company which offers this type of service, such as Gibraltar Van Lines is a sign of a reliable and decent moving company. You should also check the reviews, see other people’s experience, the services which a certain company offers, and many other things. When you check them, you will be able to see if a company is a reliable one or not.

Google website.

Doing research on the internet will help you to find a reliable and decent moving company.


What are the different types of moving insurance?

Since there are three types of insurance, you should know the difference. We are now going to present them to you:

  • Full value protection. – As its name says, this type of moving insurance will cover all your belongings. It might be the most expensive solution, but it is the safest one. This type is often used for commercial moving. So, in the case that you use professional help when your company is moving, ask for this type of insurance.
  • Released value.- This option is known as the most affordable one. However, if something is damaged during the move, movers are responsible only for 60 cents per pound. Even if it is the most affordable option, it is not the best one.
  • Third-part. – In this case, you can get third party insurance. This is an additional cost you can purchase from another company.

As you can see, you have three different options to choose from.  Just see which one is the best for you and ask your moving company if they have that type.

Always secure your belongings

To conclude, by having moving insurance, you can in some way protect your values. Still, do not forget to make an inventory list which will be helpful during the entire process. Also, if you have movers who are experts in packing and transporting, you will not have to worry.


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