Planning a move can be overwhelming, and amidst all the packing and logistics, one crucial aspect often gets overlooked: moving insurance. While you may assume that your moving company is fully responsible for any damages, understanding the different types of moving insurance can help you make informed decisions and ensure peace of mind throughout the moving process.
Standard Valuation Coverage: What It Really Means
Every licensed moving company is required by law to offer a basic level of coverage known as Standard Valuation. This coverage is mandated by the Department of Motor Vehicles (DMV) and provides minimal protection for your belongings during transit. In Texas, this standard valuation is set at 60 cents per pound per item.
To put it in perspective, if you have a 100-pound dining table, the maximum liability the moving company would cover is $60, regardless of the table’s actual value. While this coverage is provided free of charge, it only offers limited protection and may not be sufficient for high-value or fragile items.
Full Value Protection: Comprehensive Coverage for Your Belongings
If the minimal coverage of standard valuation doesn’t meet your needs, you can opt for Full Value Protection. This type of insurance allows you to declare the value of your entire shipment or specific high-value items. With full value protection, the moving company is required to either repair, replace, or provide a cash settlement for any item damaged or lost during the move.
This coverage works similarly to car insurance. You’ll need to assess the total value of your belongings, choose a deductible, and pay a premium based on these factors. The higher the declared value and the lower the deductible, the higher the premium will be. Full value protection gives you the security of knowing that your items are covered beyond the standard valuation.
Choosing the Right Coverage for Your Move
When deciding on the best insurance option, consider the following steps:
- Assess the Value of Your Items
Create an inventory of your belongings and estimate their value. This will help you determine the amount of coverage you need. - Evaluate Your Options
- Standard Valuation: Automatically included in your move at no additional cost, but provides minimal coverage.
- Full Value Protection: Offers more comprehensive coverage, but comes with a premium cost.
- Consider Third-Party Insurance
At Ameritex Movers, we focus on providing exceptional moving services rather than selling insurance. That’s why we recommend using a third-party provider like movinginsurance.com. They offer various insurance plans tailored to your needs. Alternatively, check if your homeowners or renters insurance policy covers moving or if it can be extended to include your move. - Determine Your Deductible
Just like with car insurance, the deductible is the amount you’re willing to pay out of pocket before the insurance kicks in. A higher deductible usually means a lower premium, but it’s essential to choose an amount you’re comfortable with. - Read the Fine Print
Before purchasing any insurance, carefully review the terms and conditions to understand what is and isn’t covered. Ask your moving company or insurance provider any questions you may have to avoid surprises later on.
Making the Best Decision for Your Move
Choosing the right moving insurance is about balancing your needs and budget. For some, the standard valuation may be sufficient, especially for local moves with minimal high-value items. For others, especially those with valuable or irreplaceable items, full value protection or third-party insurance might be worth the investment.
Our Commitment to Your Peace of Mind
At Ameritex Movers, we want your move to be as seamless and stress-free as possible. While we handle your belongings with care, we understand that accidents can happen. That’s why we encourage you to consider your insurance options carefully and choose the one that best fits your needs.
Ready to protect your move?
Contact Ameritex Movers today to learn more about your moving insurance options and how we can help you make the best choice for your upcoming move. Your peace of mind is our top priority, because moving is more than just transporting items—it’s about moving your life safely and securely.
