The common assumption is that full coverage is included when a moving company lists itself as a licensed and insured carrier. However, the terms ‘licensed’ and ‘insured’ simply mean that the company has the sufficient auto, general liability, and cargo coverage that the Department of Transportation requires. Most companies offer a 60¢ per lb per article, waiver and release for their standard rates packages. It is important to know that this type of coverage is not the same as full value replacement insurance. However, it is the most standard coverage in the moving industry because no additional fees, descriptive inventory, or value needs to be assigned to the shipment. Moving companies use these contracts to offset the huge amount of liability that the company faces while handling household items.
Also you should know this coverage will not cover any boxes packed by you. Along with loose glass, pictures, mirrors, marble, pots, pottery, plants, press wood or IKEA furniture. Internal Mechanical Contents are not covered as well, like washers/dryers, computers, printers, refrigerators, appliances, copiers, televisions, pianos, fire pits, hot tubs and/or other items containing Internal Mechanical Contents.
The reasons that all insurance companies will not cover any of the items listed above is, they assume you will not be packing up your breakable properly and there is a higher change of those items breaking. Also, for the internal contents, your moving company and the insurance company have no idea if the article was working before the moving company moved it. Due to high insurance claims from many people wanting to claim it wasn’t working to get a new appliance they assume no responsibly for any internal contents.
It is very important for you to hire your moving company to pack any items that have great value to you like china, crystal, or valuable pieces. Packing service is available with us at Jones Moving. http://jonesmoverz.com
1st Option: We Offer 60 cents per pound per article which is Cargo Insurance and is mandated by the Department of Transportation. This is the most common coverage throughout the Moving Industry. This is included in your hourly rate.
2nd Option: We highly recommend a policy offered by www.MovingInsurance.com this will cover you for a single piece or full household goods. If you have any questions about the insurance, please call them at 888-893-8835 or visit their website @ www.MovingInsurance.com If you choose to get a policy through moving insurance. Note: The moving company will have to inventory all items and it will take a little longer for your move to be completed.
3rd Option: Check with your Homeowner or rental insurance carriers to see what they cover.
Beware of Cheap Moving companies:
Usually when you receive a cheap hourly rate its usually too good to be true and they don’t cover cargo insurance or general liability. Which means you will not even receive the .60 cents per pound per article. Do your homework and ask them for a copy of the GL Policy. Check all reviews on any moving company you hire. They might even show up with a trailer like the one in this picture. I spotted this moving company at Bell Rd & Litchfield rd. in Surprise,AZ I was so shocked to see that their is moving companies out there that treat peoples furniture like that.
See our reviews with the Better Business Bureau :