Choosing the best moving insurance
Moving insurance is a hotly debated topic that not many people truly understand. The main point of confusion comes from the fact that there are multiple types of moving insurance. And not all of them cover the total value of your belongings. So, many people wonder which is the best moving insurance they can get? The answer to that question depends on many different factors. From the type of items, you are moving to how much extra you are willing to pay.
What is the best moving insurance type?
There are many different types of moving insurance. Each with its own set of rules and coverages. And it’s understandable to get confused as they are all named similarly. But they provide you with very different levels of protection. And you need to know a little bit more about them before deciding which insurance to purchase. As that can greatly impact your overall compensation if something was to go wrong.
The three most notable types of insurance are:
- Release Rate Valuation
- Full Replacement Valuation
- Replacement Value Insurance
There are also many other types that are designed for specialty and high-value items. But, when choosing the best moving insurance for your belongings, you need to account for the state and valuation of your items.
Release Rate Valuation insurance
Release Rate Valuation is the most basic type of moving insurance. A great thing about it is that it is free of charge. But, a negative aspect, and the reason why this might not be the best moving insurance for you, is the liability. Essentially, your belongings are covered based on their weight. Up to 60 cents per pound. But make sure to check the exact number with your movers NYC. And that often doesn’t cover nearly as much as the item is worth. Most electronics, for example, cost weighs more than $0.6 per pound.
Full Replacement Valuation
This type is also often called lump sum insurance. And although it costs extra, it gives you much better protection. How it works is that you declare the lump sum value of your entire cargo and select your desired deductible. And that forms the basis on which you pay your insurance premium. This is the best moving insurance type when doing Brooklyn office moving for example. Because, if something was to happen to your belongings, they will be replaced with like items. Without depreciating their value due to age.
Replacement value insurance
The third, and probably most comprehensive type of insurance is replacement value insurance. Often called third party insurance, it covers you for the full true replacement value of your items. It’s probably the best moving insurance type for residents. And there are many insurance companies that offer this service. If you have homeowners or renters insurance you may already be covered. Or at least be able to purchase it at a big discount. So, make sure to check with your insurance agent.
Which is the best moving insurance type for me?
To answer the question of which is the best moving insurance for you, you need to take a look at your belongings, your budget and the overall state of your items. Most people will simply go with reliable NYC movers and not purchase extra insurance at all. But, if you have expensive items, it might be worthwhile to purchase 3rd party insurance. It will give you peace of mind and care-free relocation. But, it all depends on you, your belongings and the amount of money that you are willing to pay.
Frequently Asked Questions
At U.Santini Moving & Storage Brooklyn, we've earned our reputation through honesty and transparency. We're here to address all your questions and provide peace of mind as you choose our moving services in Brooklyn.
What are your working hours?
We are open from Monday to Friday, 7:30 AM–5 PM, but feel free to contact us through our contact form anytime. We'll get back to you ASAP.
Does U.Santini Moving & Storage offer insurance?
Absolutely! We offer various types of insurance to protect your belongings, including a full replacement option. The cost depends on how much your things are worth and the deductible you choose.
How soon should I schedule my move?
It's a good idea to book your moving company at least 8 weeks before your move. If you're moving during the holidays or in the summer, it's best to schedule it 12 weeks ahead. But if your move is between September and May, you can often book movers with just 2 weeks' notice. The key is to secure your moving crew as soon as you have all the details about your move.
Do you provide packing supplies?
Yes, we do. Along with the necessary boxes and packing materials for your move, we offer various 'Saver' packages tailored to the size of your home. If you don't use all the boxes you purchased, you can return them to our team after the move, and we'll refund the unused portion.
What type of storage do you offer?
At U. Santini Moving & Storage Brooklyn, we offer complete storage solutions in climate-controlled units. Our units are monitored 24/7 to keep your belongings safe, whether you need short-term or long-term storage. We even provide storage options for very short durations, including as little as 24 hours.