When you prepare to move your home or office to a new location, you may hire a moving company to help you get everything relocated. A misconception many people have is that every moving company has enough insurance to provide financial coverage in the event of an accident. While most professional companies that specialize in moving and storage in Arlington, VA. do have liability insurance, you need to ensure that the provided insurance is enough to cover the worth of your belongings. In most cases, the provided insurance is enough. In some situations, you may have belongings that are worth more than the provided insurance will cover.
So do you need to purchase separate moving insurance? Does the average person need additional moving insurance or is it only for large companies or someone with a large collection of valuables? The only way to tell if you need additional moving insurance is to interview a moving company and ask their limit for financial coverage in the event of an accident. If your belongings are worth more than the insurance will cover, you should consider buying additional insurance.
Determining the Value of Your Belongings
You won’t know if you need additional insurance unless you create a valuation of your belongings. The average family who needs to move across town will not need to purchase additional insurance. The moving and storage company in Arlington, Va. should provide enough liability insurance to cover damage or loss of your furniture and other items. However, if you run a business and need to move expensive equipment that may run hundreds of thousands of dollars, you want to create a spreadsheet that separates what each piece of equipment is worth. You will need to take depreciation into consideration when calculating the value, but it’s the best way to determine if you will need additional moving insurance.
Additional Insurance Options for Moving
Before you hire a company for moving and storage in Arlington, Va, speak with your homeowner’s insurance about coverage. Some insurance companies will have some type of coverage that protects your belongings in a move. If your regular coverage doesn’t have any options, ask your agent about a goods in transit insurance. This is an additional insurance that covers your goods during a move. You may be able to buy this directly through the moving company, but if moving long distance, you may want to work directly with your agent.
Looking to hire professional company that specialize in providing moving and storage in Arlington, VA.
