About Moving Insurance

In the same way that you need health insurance coverage to safeguard your health, it’s pretty important to have moving insurance. Accidents happen to even the most careful people, even the best Tennessee moving company, which is how the term accident came about. You absolutely do need moving insurance, no matter how wonderful your Tennessee movers are. The professionals at All My Sons Moving & Storage are here to share the most important information about moving insurance.

Federal law mandates that moving companies carry standard liability moving insurance coverage that insures your belongings at 60 cents per pound. This is basic coverage insurance called released value protection. If anything happens to your things, you will be reimbursed for every item that was damaged at 60 cents per pound. With this level of coverage, the Federal Motor Carrier Safety Administration (FMCSA) notes that certain items could be vulnerable. For example, if your records weight ten pounds but they’re valued at $500, your records will only be worth $6 to the moving company handling your things.

Your Tennessee moving company also offers another basic coverage option called full-value protection, where the cost is based on about 1 percent of the valuation of your items. If your belongings are worth $15,000, you could pay $150 for full-value protection. According to the FMCSA, this coverage makes your Tennessee movers liable for the replacement value of lost or damaged goods in your entire shipment. You can use a third-party coverage insurance option after your Tennessee moving company uses the basic coverage that can pick up the remainder up to the amount you purchase.

It’s also important to know what’s not covered under your moving insurance. Your movers are not responsible for items in boxes that they didn’t pack themselves. Unless the box shows significant damage, you are not likely to be covered for damages to anything inside the box. You are also not covered under things that are considered to be natural disasters, like hurricanes, tornados, windstorms, fires, and hail. Additionally, if items are damages while they’re in storage that’s not controlled by the moving company themselves, you will not be covered under the moving company’s insurance.

Whether you opt for the moving insurance with basic coverage, or the one with the most coverage, call All My Sons Moving & Storage. We set you up with a moving consultant, take inventory of your belongings, and make sure everything arrives to your new home safe and sound. Allow All My Sons Moving & Storage to take the headache out of your move.