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  • Writer's pictureMoving By Cury

Are Movers Insured If Accidents Happen?

Updated: Dec 8, 2023

Moving companies have the expertise to pack, load, transport, and unpack your belongings safely and carefully. But accidents do happen, even during the most professional of moves. So what happens when your priceless china sets break during a move? Do movers have insurance to cover your belongings? Find out in this article.

Box Truck Belonging to Insured Movers

Are Movers Insured, and What Is Moving Insurance?

Movers are responsible for the items in their possession and will pay compensation for damages to your property during the move. However, as different types of moving insurance exist, what you get as compensation depends on the type of insurance you choose.

Moving insurance is actually not insurance. It is a kind of valuation coverage that ensures you are paid compensation in the event of a loss or damage to your belongings.

Types of Moving Insurance and What They Cover

Federal law requires moving companies to offer two valuation coverage:

  • Released value protection

  • Full-value protection

Released Value Protection

Released value protection is the standard coverage option for all moves, and it is free. It offers minimal protection, paying out only 60 cents per pound for every item lost or damaged. This means that if your new 3-pound 14-inch MacBook Pro you bought for $2,000 gets damaged during a move, you’ll only get $1.8.

Full-Value Protection

If you are moving valuable items, choosing a coverage that offers better protection is best. The more comprehensive full-value protection covers the full value of your items and is available for a fee. This means the movers will repair, replace, or reimburse you for any item lost or damaged based on its current value.

To begin, you will have to give an estimate of what you think your items are worth per pound when getting full value protection. The cost of getting full-value protection can range from 1% to 3% of the total value of protection. In addition, you may have to pay a deductible of $250-$1,000.

Third-Party Insurance Coverage

You can also purchase insurance from a third party to offer extra protection for your belongings during a move. For instance, you can opt for the released value protection provided for free by the moving company and cover the rest of the value of your items with a third-party insurance policy.

Why Should I Get Moving Insurance When My Homeowners Policy Covers My Belongings?

Homeowners' policies vary from one carrier to the other. But generally, your homeowner's policy will not cover your possessions when they are in transit.

It may protect your belongings during the packing process inside your home, but you’ll likely be on your own if anything happens to them during a move. For this reason, it’s essential to get moving insurance.

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Move With Peace of Mind With Lehigh Valley’s #1 Moving Company

When you move with us at Moving By Cury, you can be confident that your items will be handled with utmost care and attention. And even though they are a rarity, accidents do happen.

That’s why we will provide a clear understanding of all the insurance options available so you can choose the one that offers the protection you seek. Move with peace of mind today.


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