| Moving your household goods from one place to | | | | is the bare minimum coverage and doesn't pay |
| another always involves a certain amount of risk. | | | | much if something is significantly damaged. |
| Therefore, one should always buy a proper | | | | Storage Extension Coverage: If a client's |
| insurance policy during relocation. An overview of | | | | belongings have to be kept in storage, there |
| various types of insurance coverage is given here | | | | arises the need to purchase extra insurance. |
| for general understanding. | | | | However, if someone already has a moving |
| Full Replacement Value Coverage: This insurance | | | | insurance, this can generally be extended. it is |
| coverage protects your household goods for their | | | | termed as storage extension coverage. |
| full replacement value. Full replacement value | | | | Transit Insurance: This type of insurance covers |
| means the amount which is the exact cost | | | | the household belongings while they are in transit- |
| needed to purchase a replacement for the | | | | on the way from the old location to the new |
| damaged item regardless of the damaged item's | | | | destination. |
| age. Sometimes a deductible is applied here. | | | | Total Loss: It is a restricted insurance for the |
| However, any money can be deducted only if it is | | | | household goods based on complete loss of |
| stated in the contract signed with the moving | | | | belongings. |
| company. Most of the policies require the entire | | | | One should always check the details of the |
| load be covered and not just specific items. | | | | insurance policy. Purchasing insurance is not |
| Standard Coverage: Moving companies are abide | | | | enough, one should always know how to file a |
| by law to provide a minimum amount of free | | | | moving insurance claim to be able to recover |
| coverage. It is the amount that the client receives | | | | from damage, if one happens during the moving |
| per unit of measurement ( pound/kg as | | | | process. |
| mentioned in the contract) of damaged goods. It | | | | |