Should A Person Avail Of Moving Insurance Offered Through a Moving Company?
A person who has many things to move out has to keep in mind that not everything is sure and perfect. There will always be problems coming such as broken furniture. This is the reason why a person must avail of insurance offered through moving company.
How to calculate the total insurance required?
A person can make calculations by taking into consideration the total weight of the things to be moved, the number of rooms being moved and the contents of the move.
First thing he has to do is to make an inventory of all the items that have to be moved. What are the things that have to be moved? What are the weight of each item that has to be moved and the substitute value of each?
Second, a person can make a summary of his inventory by getting the total number of items, the total weight of the items and establishing the total replacement value of all the property.
Third, he can take pictures of the items before the move because he needs to establish the condition of his belongings.
What are the types of moving insurance coverage?
The moving insurance provided by hired moving company is always based on assessment. To determine the possible liability, they have to make evaluation such as declared value insurance, lump sum value and full value protection insurance coverage.
Is there any additional insurance coverage?
Yes, there are. These are homeowners insurance and transit insurance. The first covers about 10% of the value of the total property and includes breakage and theft in transit. The second is another good supplement. A person must make sure that he reads his contract and see if there are gaps in insurance. The discussed coverages are good for people on the move since these will save them a lot of money.