Los Angeles Movers Blog | Everything About Moving in Los Angeles You Need to Know

Moving Insurance

Moving Insurance

Moving insurance is one of the most useful things that you can get for your moving needs. It works to help with protecting your assets and reimbursing you for any losses that may happen in the event of a wreck or any other damages to things that you are moving. It helps to understand the three different types of moving insurance when looking into this option.
Basic Moving Insurance

A basic moving insurance plan, which is referred to as released value protection in some cases, is a standard type of coverage plan. It works as a program that partially reimburses you for anything damaged or lost in the moving process. With this option you will be reimbursed for damages at a rate of about sixty cents per pound. For instance, if a fifty dollar item is damaged you will get thirty dollars in reimbursement for it.

This is the most basic type of insurance plan that you can use and is generally required by all moving companies in Los Angeles and abroad. As a result of this many groups will not charge you to use this option.

Extended Moving Insurance

This works as a means of extending the basic moving insurance that you have to work with helping to protect your items in a storage area like a warehouse or other building. Extended moving insurance works to cover losses that can occur in one of these buildings along with what happens when the materials are in transit. You should know that this can cost some extra money that will go onto your bill. This value will vary in accordance with the weight of the materials that you are working with.

Full Coverage Moving Insurance

Full coverage protection is the most powerful type of insurance that you can use for moving. This is where the moving company will work to replace anything that has been damaged or lost during the moving process and can also reimburse you at a full cash value in some cases. This is a valuable option for many of your more expensive materials.

Be aware with this option that the cost of this insurance plan can require minimums of tens of thousands of dollars of protection to use and a deductible of a few hundred dollars to use. You will have to pay a charge of a few dollars for every thousand or so dollars for this coverage. Valuation forms for different items that you are shipping should be handled as well. Each moving company will put different values on certain items but in many cases market values will be used for your items when it comes to figuring out what will be used.

You should also watch for some limits that some people will have with regards to how much can be paid back. Moving companies can have limits with regards to how much money that you can have reimbursed back to you. Be sure to talk with a moving company for information on this when you are getting your insurance plan ready.

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