Whether you are moving across the country or just down the street, you will likely need to insure your property. Just think of all your belongings being picked up and set down at least twice, carried up and down stairs, around sharp corners, and being tossed about in the back of a truck or van. Something is bound to be dropped, scraped, chipped, broken, damaged, or destroyed. Or, worse yet, the truck or van may be stolen with all your property still stowed onboard.

Most moving companies limit their liability. And if you're moving yourself, your moving helpers probably won't take responsibility. You will end up paying for the loss.

The answer to this problem is to insure your belongings during transit. This type of insurance is called moving insurance, and is part of an insurance line called inland marine insurance.

Where can you get inland marine?
You can get inland marine insurance in several ways:

• Your own homeowners insurance policy might cover moves. Check your policy to find out if it does, and what the limits are.
• If you are having a moving company move you, they may offer moving insurance. All commercial moving carriers must provide a basic moving insurance policy to you at no charge. This covers both local and interstate moves but generally pays only 60 cents per pound.
• If you are moving yourself, you may be able to buy a policy from a move-it-yourself company.

What kind of coverage is available?
Basically, three kinds of coverage are available:

• Basic coverage (which pays 60 cents per pound) at no cost to you,
• Coverage based upon the value of the item less depreciation, and
• Coverage based upon total replacement cost.

The third choice provides you with the best coverage but it will be slightly more expensive.

Is there a deductible?
That depends on the policy, too. Typically, a policy that provides total replacement cost allows you to choose a deductible (e.g., $250 or $500).

How much does moving insurance cost?
Moving insurance is affordable. If you choose the basic moving insurance policy that the carriers must offer you, the cost is zero because it's added into their quote. If you choose a policy based upon the value of your property less depreciation, the cost will be added. Coverage based on total replacement cost depends on the value of the shipment.

Learn More...

Overview | Understanding The Basics | Types Of Insurance | Coverage Amounts
Choosing A Policy | Filing A Claim | Other Types Of Insurance | Home Safety Tips
Planning Concerns | Home Glossary

Please Note: The information contained in this Web site is provided solely as a source of general  information and resource.  It is a not a statement of contract and coverage may not apply in all areas or circumstances.  For a complete description of coverages, always read the insurance policy, including all endorsements.