Explanation of the Different Types of Moving Coverage

Do you know what happens if some of your belongings are lost or damaged during a move? Many people assume the moving company is responsible for repairing or replacing those items, but that’s not really the case.

When you reserve your local or long-distance movers, you’ll have to select moving coverage. It’s important to understand the difference between the different types of available coverage, so you can make an informed decision about what’s best for your situation.

Released Value Protection

Released value protection is included in the cost of your move—but don’t think that means you’ll be protected from loss. This type of moving coverage only entitles you to 60 cents per pound per item lost or damaged. If a $3,500 couch is damaged, and that couch weighs 70 pounds, you’ll only receive $42.

Full Value Protection

Full value protection is available for an additional cost, and it provides a higher level of protection. If you add this type of coverage and some of your items are lost or damaged, the moving company will offer to either repair the items, replace the item, or provide a cash settlement.

Third-Party Insurance

When a customer selects released value protection, they may be offered third-party insurance. This comes at an additional cost, and it helps to fill the gap between the 60 cents per pound the moving company is responsible for and the value of the items.

Are you not sure which type of coverage is right for you? An experienced moving company will take the time to fully explain each option and answer any questions you may have. This will help you make the choice that makes the most sense based on factors such as the value of the items you’re moving.

Learn More About Our Experienced Movers

When you hire Tampa residential movers, you have to trust them with everything you own, so choose wisely! First Class Moving Systems brings more than 20 years of experience along with an A+ rating from the Better Business Bureau, and many positive reviews. Call today for more information or fill out our online form now to schedule a relocation consultation.