Moving Insurance - The Ins & Outs

Most accidents occur when you least expect them or when you're not covered for them.

You are busy finalizing your new home purchase, working to complete your job transfer, or simply concluding the final details with your moving company. The process for each of the above tasks probably took you several weeks, maybe even months to complete, and now you're finally done!

But what about insuring your household goods against the possibility of loss or damage while being moved? Have you asked yourself:

• Isn't the moving company responsible for the goods, anyway? Aren't they liable, by virtue of providing the service, to guarantee all goods are transferred in perfect condition?
• Or, if not the movers, wouldn't your goods be covered under your homeowners' or renters' insurance policy?
• And, in the case that your move is being executed as part of a corporate relocation move, wouldn't your company be responsible and pay for any potential loss?

Surprisingly enough, the answer to all of these questions is a solid NO!

• Apex Moving and Storage, although a prime vendor for handling your move, is responsible for the minimum amount of $0.30 per pound per item in case of a local and intrastate move, or $0.60 per pound per item in case of an interstate move and may not pay for loss or damages unless you have purchased additional coverage. Furthermore, Apex Moving is not an insurance company so we cannot even offer insurance; rather, we will suggest you purchase “Valuation”, “Coverage”, “Protection”, or any other title of security which is not an insurance policy.
• Your homeowners' or renters' insurance policy covers your household goods while in your residence, but not while in the movers' possession. Even if it did (which is the case with some policies), remember that it is hard to obtain new homeowners' policies if your claim history is not favorable. You would not want to submit the claim through your homeowner's policy and risk losing the policy altogether.

If you have more questions about moving insurance, we recommend you speak to some experts in the field at www.movinginsurance.com.

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