The thought of leaving your precious belongings in the hands of someone else to take hundreds of miles away can be intimidating. And while trusted moving companies always do their best to cater to you, accidents are often unavoidable and can put your items at the risk of being damaged or stolen.
That’s when insurance comes in. Long-distance moving companies near Cleveland offer moving insurance as federal laws dictate when moving items interstate.
Types of Moving Insurance
Moving companies have their insurance policies, but they’re bound by federal laws to provide two types of coverage if you’re relocating between states.
- Full-value protection, where the movers are liable for completely replacing damaged or lost possessions. They can either repair or replace your items. You can also go for cash settlement.
- Released value protection, where the movers pay a specific amount (usually 60 to 70 cents) per pound of the item lost or damaged.
Full-value protection is the better option of the two, granting you a full refund for any item destroyed. However, it costs additional money to buy.
Released value protection offers minimal coverage but is included in the price your movers are charging for a long-distance relocation. It’s only good for heavy furniture, such as beds or couches, but offers next to no insurance for electronics that weigh less yet cost more.
Some long-distance moving services also offer separate liability coverage, where you can find insurance for specific items for full value while the rest are released-value protected. In the end, the policy you pick depends on your items.
What Moving Insurance Does Not Cover
- Packing items yourself. Movers can challenge that damage was caused by improper packing.
- Protection for perishables.
- Protection for hazardous items that movers weren’t informed about.
- Protection for fragile items that movers weren’t told about.
- Damage due to a sudden natural disaster such as a tornado.
Why Moving Insurance Is Important
Moving is a risky task, and your belongings are always at risk of getting lost or damaged or stolen. Insurance can reimburse you for the losses and protect your property. That’s why hiring long-distance moving companies near Cleveland with solid insurance policies is super important.
