Moving Insurance

For your peace of mind

Your Moving Insurance Options

There are many types of moving insurance. You can choose from cheap policies to comprehensive ones. Before you choose moving insurance, you need to understand exactly what it all means and how it works. Your insurance option needs to cover your type of relocation as well as exactly what is covered. Here are four basic types:

1. Basic Carrier Liability

Basic carrier liability is the cheapest coverage available. In addition to our standard moving fee, we provide you with basic carrier liability. With this coverage, you will not receive full value for damaged goods. Basic carrier liability is referred to as "released value" and is limited to $0.60 per pound per article in Oklahoma. With this policy, a 20-pound TV that would cost you $1,000 to replace would only recoup you $12.

2. Declared Value Protection

As opposed to basic carrier liability, declared value protection compensates you according to the item's depreciated value. A dollar amount is assigned to your entire shipment (declared by you). With this type of coverage, that same 20-pound television mentioned earlier can collect its value (after depreciation) if it's damaged. The cost of this type of coverage may be a little higher, but your belongings are better protected.

3. Full Replacement Liability

When you have full replacement liability, you receive the full cash value of any belongings that are damaged or lost. You may want to consider purchasing full replacement liability if you have a truck filled with high-end items. Choosing this option means you will have to spend the most money, but it is recommended if you have a lot of expensive items that need to be moved.

In this option, we are responsible for the first part of the coverage, up to a maximum of $0.60 per pound. Amounts above that are then covered by the insurance company for the cost of replacing a lost or damaged item. A deductible is attached to this type of coverage, so you will be liable for the deductible amount in case of loss or damage. As with any other insurance, the deductible amount can be $100, $250, or $500, etc.

4. Extraordinary Value Coverage

Movers are allowed to limit their liability to articles of extraordinary value, so you should identify all packed items which are considered as such. When using extraordinary value coverage, the following procedure needs to be followed:

Unless you list all items of extraordinary value, your liability is limited to no more than $100 per pound per article. If possible, you should transport such items in your own vehicle rather than in our moving truck.

The following items may be considered extraordinary value items:

Moving insurance can vary depending on your needs. Before moving, we recommend creating an inventory, not only to decide what type of insurance to choose but also so you can document what you own.

You may also check with your homeowners insurance company to see how your belongings are covered during a move. In some cases, you may have limited coverage. Many home insurance policies provide named-peril coverage for personal belongings. If the damage isn’t due to one of the perils named on your policy, there won’t be coverage for your loss. You may want to read this list to see if moving is included.

Reach out to your agent to determine if you have coverage during a move or if coverage can be added with a rider. Be sure you have a policy in place during the move.