MENU

Spartan Moving Systems
Home>> Moving Articles>> Moving benefits

Moving insurances and their benefits

You are planning to move to a new place and the most intriguing question in your mind would be regarding the safety of your belongings. You would be confused as to buy moving insurance or not. After many debates within yourself, you might end up with reasoning that it is indeed not necessary to purchase moving insurance. There are certain misconceptions among people that moving companies generally offer insurance by default. Also they think that the home insurance would cover the value of the properties even when they are in transit. Moreover people believe that if they are on a corporate relocation, the moving company would bear the expenses in case of any damage to the moving goods. But these are all not true always.

There are certain things that you must essentially know about the insurance offered by San Francisco movers. To be precise, the movers don’t offer exactly offer insurance but goods valuation. This valuation provided by the moving companies has been made popular as moving insurance. There are different types of valuation offered by a moving company like the declared value, lump sum value and full value protection for your goods during moving.

You should have a clear understanding that the home insurance or the renter’s insurance would cover your household goods while they are in the residence and not at all when they are in the hands of moving company. However there is certain homeowners insurance that covers around 10% of the value of your personal property while it is in transit. But this is absolutely not enough. This 10% is too little and would not be necessary to compensate your loss in case of any accident or damage of goods. If you are planning for a corporate relocation, you should know that usually most of the moving companies sign a general agreement with a third party relocation company. According to the general agreement, the moving company covers the liability at the minimum coverage possible unless your employer directs otherwise. This coverage is also not sufficient to cover the damages if any of such kind happens during the transit.

Once you understand the above mentioned factors, you would know that it is indeed a wise decision to purchase moving insurance since that would ensure safety to your belongings that you have earned through hard work. They are at some level of risk during transit. So it becomes necessary to purchase a moving insurance to make sure that you get value of your goods on move if damaged.