Explanation of the Different Types of Moving Coverage

Are you planning a move? If so, one important consideration is moving coverage. When hiring residential movers, you’ll have different types of coverage to choose from, and it is important to understand the difference between them, so you can make an informed decision about which is right for you.

Released Value Protection

This type of coverage is included in the cost of the move, but don’t expect to be able to replace any items that are damaged or lost. Released value protection only provides 60 cents per pound per lost or damaged item. For example, if a painting worth $1,500 is damaged and the painting weighs 10 pounds, you’ll only receive $6 with released value protection.

Full Value Protection

Full value protection provides the replacement value of lost or damaged items. It costs more, but if you’re concerned about loss or damage, it’s an investment that can give you peace of mind.

When items are lost or damaged, the moving company can either offer to repair the items, replace the items, or make a cash settlement.

Third-Party Insurance

If you opt for released value protection, your movers may offer third-party insurance as well. If you choose to purchase this insurance, the cost will be in addition to the cost of the move. If you’re moving valuable items, it’s a good idea to include this type of coverage.

In the case of a loss, the released value protection remains in place, leaving the mover responsible for 60 cents a pound. The remaining value of the loss will be covered by the third-party insurance company.

A reliable moving company will take the time to explain your options. Bekins of South Florida has served the Miami-Fort Lauderdale area for more than 50 years, and we’ve built a reputation for going the extra mile for every customer. Our A+ rating with the Better Business Bureau and many positive reviews make us the smart choice when you need local or long-distance movers.

Contact Our Trusted Movers for a Free Consultation

No matter where you are in the planning process, contact Bekins of South Florida today to reserve your moving date with our local or long-distance movers, ask any questions you may have, and to request a consultation with a relocation specialist. Call or fill out our online form now to get started.