- Get it in writing.
- When your mover
explains the terms of insurance, ask him or her
to supply you that explanation in writing.
Misconceptions regarding rates and deductibles
will leave you helpless when it comes time to
collect on a claim if you have not established
the terms before the move.
- The same advice
goes for when you speak to your agent or broker
who handles your tenants' home insurance policy.
If you don't have it in writing you probably
don't have the necessary coverage to make a move
with your contents in someone else's care.
- Have your agent
prepare and fax you a letter to assure you that
you truly are well covered on move day for any
mishap that may occur.
- Movers are required
by law to provide a minimum coverage of at least
sixty cents per pound per article.
- At real replacement
values, this is totally inadequate and really
amounts to nothing when you have a total loss of
- Most movers
insurance has a deductible.
- You will pay more
per thousand of you valuation for a lower
deductible and less for the higher one.
- Typical rates for
cargo insurance range from about $2.50 per
thousand up to as high as $8.00 per thousand.
- Deductibles range
from $100 to $1000 per claim.