Not sure if you’re adequately covered for your move? Find out everything you need to know about insurance here for when you use your own vehicle, rent a truck or use a professional moving company.
Using Your Own Vehicle
Do you plan to move your own stuff in a van, big truck, or trailer that you own? If so, it’s important to check your home insurance policy for content coverage before deciding to go this route. If your policy does not have enough coverage, you’ll want to ask your home insurance provider about adding on more.
Renting A Truck
You should never assume that when you rent a truck, your home insurance policy will cover it or that it will automatically come with the necessary coverages. Always check with your own provider first to find out what is covered before taking additional coverage from the rental company. In the event that you need to purchase supplemental insurance from the rental company, it’s important to know exactly what you need and how much, otherwise you could end up paying more for certain coverages you don’t need.
Not all moving companies have adequate coverage, so it’s important to ask about their policy. If they’re not covered at all, it’s a bad sign and you should avoid the company altogether. Otherwise, you could be on the hook for damages that they cause. If the moving company does offer insurance, make sure you know exactly how much liability insurance they offer and if they are including replacement protection.
When it comes to liability insurance, most offer base liability that will only cover up to a certain amount of damage of each item based on weight (and it’s not much). However, there are few companies that have comprehensive plans that provide much better coverage, so it’s important to ask before agreeing to work with the moving company.
By law, replacement protection is required to be listed separately. If it’s included in the coverage, they must show what it’s covered for and the client has the right to decline it. If the company does not offer replacement protection, they will list an alternative provider that you can contact to pay for your own.
There’s a lot you need to know when it comes to moving your belongings. That’s why our team at OML makes sure our clients have all the information they need from beginning to end. We also have a quality insurance plan that gives you the most coverage for your needs. Don’t make the mistake of choosing an amateur moving company to take care of all your belongings, leave it to the pros.