All Risk Moving Insurance for the USA & India
Even if every item is carefully packed and handled by experienced movers, accidents are prone to happen. Hence it’s good to be insured before you move. This way you are rest assured that if anything does get damaged, you’re adequately covered.
There are many kinds of Moving Insurance options available to choose from. Our agents will help you identify the kind of insurance you would need. Call us to find out the details of liability coverage policies.
Good news is that in the event of a claim, Universal Relocations will settle claims promptly through our in-house claims department. We take complete responsibility for claims management, using loss adjusters where appropriate, and never allow the management of claims to a third party.
We do understand that you may have questions on Moving Insurance. Here is where you may find answers to your questions.
Why should you buy Moving Insurance?
Even if you have hired the best moving company, accidents can happen anytime; during transit or while in storage. This may result in damage of your belongings. Hence it’s recommended to sufficiently insure the move. So that if are any accidents, you are adequately compensated. By just paying a little bit extra you get make your move 100% safe and peaceful.
What do you need to do?
When you sign up for a moving insurance policy, you need to elaborate on details the value of each of your household goods. This is very important as this will reflect in your claim later. Any damage during the move, must be reported immediately. File a claim and make sure the moving company acknowledges your report within 30 days and the settlement is done within 120 days. The value of your claim must coincide with what you have stated as the liability amount. Any claim that is more than this amount will not be honored by the movers so review your policy carefully.
Types of Moving Insurance:
1. Declared Value Insurance
Here the value of your goods is measured through their collective weight. A price per pound is multiplied by the total weight and the product is the value of your liability amount.
2. Assessed Value Insurance
If the items being moved are highly valuable, you will likely be buying Assessed Value insurance. You get covered according to what you have declared as the actual value of your goods.
3. Full Protection Insurance
Under this policy, lost and damaged items will be replaced and a minimum coverage amount is set.