Understanding Chicago Moving InsuranceIf you're wondering about moving insurance, remember
that no matter how careful your movers are,
accidents can happen. Boxes can be bumped or dropped
or shift during transit and no amount of research
will guarantee the safe arrival of your goods. Every
day, we move heavy bulky objects through narrow
doorways and up and down tight stairwells. Even
though we may take all proper precautions to avoid
damage, it does happen on occasion.
All movers in Illinois are required to offer
liability insurance coverage of $0.30 per pound per
article. This is included in your base move price
and does not cost any extra money. As such, it is
the most economical option available and the one
most commonly chosen.
If you want greater protection, movers are permitted
to offer additional liability insurance coverage
issued by third party insurance companies. This
optional insurance provides coverage for household
as well as office goods while in transit or in a
storage facility. Although movers are not permitted
to sell this additional coverage themselves, or
profit from it, we do make it available to our
customers and do all of the leg work to arrange for
the coverage for our customers.
This additional liability insurance coverage costs
$0.60 per $100 in valuation and you must insure the
entire load for fair market value. It takes a few
days to get the coverage bound and a policy issued
by the insurance company, so be sure to place your
order for this coverage at the time you book your
move. You may also order this coverage yourself
through the several specialty insurance companies
which sell this coverage. If you purchase additional
liability coverage you will deal directly with the
insurance company in the event of a claim. |
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