Household moving companies, on the whole, do not offer what we typically would consider insurance. Instead, they offer what is called “valuation” and while it functions much the same way as insurance, it’s governed by a different set of rules than insurance is, and that usually means less coverage for your household goods while they are in transit or being loaded and unloaded. Typically, valuation places a price-per-pound value on all your goods, and it is based at $0.60/pound. Therefore, if you’re shipping 10,000 pounds worth of stuff – which is quite a lot of stuff, much more than a standard 2-3 bedroom home would contain – the total valuation of your goods would be $6,000, as 10,000 x 0.60 = 6,000. Realistically, 10,000 pounds of household items is usually worth about $60,000, or roughly $10/pound.
When you speak to a household moving company and ask them if they offer insurance, they will most likely say “yes,” because valuation is technically a type of insurance even if it’s cheap and petty and doesn’t cover your items for their actual value. This is why there are companies out there that provide separate moving insurance, and why more recent homeowner policies with certain insurance companies cover your items in the event of a move – but not all of them. You should talk with your insurance agent about your homeowner’s policy to see if damage sustained during a household move is covered separately from the valuation that the moving company gave you.
Most moving companies today will offer a separate insurance package, which is generally an extra cost above your household moving price, to better cover the loss of your items in the event of a catastrophe. Different companies offer different policies at different rates with different levels of protection, so it’s wise to speak to a live agent to get the best information you can regarding insuring your household goods. As mentioned, you can also do a quick web search for household moving insurance, and find independent insurance companies that can insure your goods during a move.
It’s up to you how you approach it, but something you definitely should do before anything is get some free household moving quotes to get you started. You can do that right here on American Auto Shipping – just visit our household moving articles page, and on the left side you’ll see our unique household goods moving quote request form. It differs from our auto transport form in that your information will be sent to household moving companies instead of auto transport ones, and they’ll e-mail you your quotes within about an hour.
If you’re shipping a vehicle and need some household moving quotes on the side, you can kill two birds with one stone by filling out our free online auto transport quote request form on the left and select the option to also receive household moving quotes in addition to your auto transport quotes. It’s literally a button on the contact portion of the form, and if you do you’ll have an option to select how large your move is. You don’t need to be exact; just estimate, because once you get your quotes you’ll hammer down all the details with whichever household moving company you select. If you have questions, you can call us any time at 800-930-7417 to speak to one of our live agents, who can answer your questions and help you get your free quotes.