Why Do I Need To Consider Moving Insurance?

Your belongings are most likely not covered while in transit, but if you want them to be, consider purchasing moving insurance. You may be hiring moving services, packing, and transferring your renter's insurance to your new address as you prepare for a move. But, how about moving insurance?
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Here's what you need to know to be prepared for your next transfer.

Does My Homeowner's Insurance Cover a Move?
Homeowners' policies typically do not cover your belongings during a move. Examine your policy or speak with the agent to determine if your estate is covered by insurance while traveling.

Where Could I Obtain Moving Insurance?
Moving companies provide several insurance plans, two of which state law requires. The types are as follows:

1. Basic Carrier Liability
   This liability charge is among the minimum insurance required by federal law; it is also free and weight-based, charging up to 60 cents per pound for an item. However, if your $500 one-pound digital tablet is damaged during a move, it won't even come close to covering the full replacement cost.
   
   
2. Full Replacement Value Protection
   This coverage, which is also required by federal law, must be purchased. Still, experts suggest this because it costs for the current price replacement value, replacement with a similar product, or repair of the item.
   
   If you choose full value protection, make sure to get the specific plan of your moving company to see how it determines replacement value, especially for items of extraordinary value, and understand what steps may limit your mover's legal responsibility.

What if I perform the move myself?
If you transport your belongings in your vehicle or a rental vehicle, your homeowners or auto insurance policy will most likely only provide limited coverage. This means that if you use your vehicle for the move, you may be assuming the risk. On the other hand, Truck rental companies provide insurance that covers the rental vehicle and the driver, passengers, and cargo, depending on the type of coverage you select.

Wrapping Up
Moving insurance, in any case, can provide some coverage during an extremely difficult period. For the most part, talk to your agent or insurance provider to learn more about protecting your next move.

At Kapasu Insurance Services Inc, we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (760) 995-3853 or Click Here to request a free quote.  Coverage discussed in this article is not guaranteed. Please contact our agents today to ensure that your needs are being met and learn more about your policy. We are happy to help!