Preparing Your Goods For Moving Insurance
Insurance is a very tricky industry. You can easily find yourself in trouble after paying for a cover that reimburses you peanuts or nothing at all when something goes wrong. That’s why it is very important to make sure that you fully understand what your insurance policy covers for your long distance moves and if there is something that you can do to ensure that you are better protected from any unexpected occurrences.
Let’s look at some of the things you can do to prepare your goods for moving insurance so that you can rest assured that you are protected when the moving company comes to collect them.
How will you move your goods?
There are two options here. You can either decide to go with a professional moving company, or you can opt to roll up your sleeves and manage the move yourself. Each of these options has implications on the kind of moving insurance you should have so make up your mind on the method that you are going to use before moving to the insurance element.
Have an inventory
Keep stock of the valuables you would like to be covered by your moving insurance cover. This will help you to better weigh your options when discussing the cover with your moving company or insurance agent.
Find out if there are special requirements
Moving companies are required by law to provide you with an insurance cover for your belongings. However, this cover is usually not sufficient and it comes with special conditions that could give you a hard time when you make a claim. For example, you might be paying for a cover that only protects goods that are in boxes that have been packed by the moving company. This would mean that you are not covered if you pack a box and the goods get damaged in transit.
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Use the purchase value of the goods at your destination country
If you are moving to a new country, you might find that the difference in cost of living makes your household goods much more expensive. Since any eventuality will result in you replacing the lost or damaged items in your new country, it only makes sense they be valued using prices from your destination country.
Don’t be tempted to undervalue
You might be tempted to declare the value of your shipment lower than it actually is so that you don’t end up paying the full amount. Although undervaluing looks like a clever plan, it could land you in trouble when you find yourself needing the cover. You will be compensated for the declared value which will be lower than the actual value of your belongings. In other words, you will get a compensation amount that won’t be able to replace the damaged items.
Moving insurance isn’t as complicated as most people think. You only need to make sure that you understand all the terms and conditions that come with it and you can enjoy peace of mind knowing that you are protected no matter what happens during your move.