Now you can learn everything you always wanted to know about moving insurance, but didn't know what to ask. Moving around the corner or around the world, there are many companies offering insurance coverage for personal effects.

Why Do I Need Moving Insurance?

You probably have many questions regarding the security of your goods and your peace of mind while your life goes into transition.
Whether you're moving with a van line or a full service mover  and you are controlling the loading and unloading, you can get your Moving insurance coverage from an insurance company directly or by the underwriters recommended by the mover. Moverworldwide.com is just providing you information Why you need a Moving Insurance. 

Should I purchase Moving insurance coverage for my property while it’s being shipped? Doesn’t the moving company or carrier have a responsibility (liability) for my property while it’s in their custody?

The answer to both of these questions is, "YES!"

The moving company handling and shipping your property does have a liability, that is regulated by state and federal government agencies, but it is minimal and limited. The carrier’s obligation could be as little as $0 .10 per pound, and normally will not exceed $0.60 per pound.
For example: You ship a wardrobe of cloths valued at $1,500.00; the wardrobe carton weighs 80 pounds; and, the carrier’s Bill of Lading states that their maximum liability is $0 .60 per pound. The maximum claim payment that you would be entitled to would be $48.00 for the lost clothing which cost you $1,500.00.

Remember, accidents do happen! Trucks do overturn. Ships do sink…remember Titanic! Trucks do burn and railroads do have derailments. Any time property is handled or moved, something can happen. Even the most professional, qualified movers encounter Insurance claims for loss and damaged items.

Statistics show that one (1) moving loss and/or claim is filed for every 3.5 shipments that take place. Do you want to take that chance that your move will be the one in the 3.5 that has a claim?

The more information that you gather, both technically and non-technically will help you through the claims process, should you have to file. It’s also a good time to update your household inventory, or do it for the first time, for your regular homeowners policy. Even if your homeowners policy will pay a claim when you move, you will have to present evidence. The more techniques that you employ in gathering your evidence, the stronger your claim will be, regardless of whether you buy our insurance program or you can use your own. You should use the technologies of paper and pen as well as video and audio to capture the images that prove you have what you have at a certain date in time. It will be an even stronger evidence gathering process if you employ third parties, such as licensed appraisers, movers, and other specialists.

The first step that you should take is to walk through your home and try to determine what it would cost you to buy replacements for everything you own and are shipping. If the majority of your property is destroyed in a vehicle accident, a truck theft, or a warehouse floor or fire, could you replace it for the 10 or 60 cents per pound carrier liability? The answer is a definite, "NO!" So, why gamble that your move won’t be that one that has a claim?

Please understand that the carrier’s liability (as stipulated on the Bill of Lading) is just that. (You wouldn’t go down to your local insurance agent to buy moving services, would you?) It is not, and cannot be, considered insurance; and, it does NOT cover ACTS OF GOD. If your carrier representative states that you have transit insurance, be sure to ask that person for a copy of the insurance policy. The moving company’s Bill of Lading is not an insurance policy.

Transit insurance is needed and is worth going through the requirements to purchase. It not only saves you thousands of dollars; but also provides peace of mind.

When you buy transit insurance, be sure to read the policy; know the type and amount of insurance coverage that you are purchasing.