You discover while unpacking that your pricey collection of wines have been smashed to pieces. While not everyone gets to have an extensive collection of wines, we all have something precious and dear that we own -- that latest model of laptop bought after years of saving up or the collection of china handed down to you by your mother. This is where moving insurance comes into the picture. Moving insurance, as its name connotes, is a specialty coverage typically purchased as an interim protection to cover a move. This type of coverage is supposed to provide the policyholder with monetary recompense in case there were damages to or lost of property during the move.
- Have all of the paperwork ready to speed up filing of the insurance claim. Of course, you will need to have the moving insurance policy with you. Next is to have the document listing all of the items that were included in the move. Not only is this document an inventory sheet, but serves as a receipt of service as well especially if you and the head mover have affixed your respective signatures on it.
- Take note of deadlines so as not to forfeit your rights to collect monetary recompense. Refer to your moving insurance policy to learn of the prescribed deadlines for filing claims. Typically, you will need to inform the mover of the matter within nine months from the date of the move to qualify for the payoff. But of course, getting your complaint in as soon as you discover damaged or lost belongings would be your best option of speeding up the claim. Make sure that you receive a duly signed and dated written confirmation from the mover that they've received your demand for a moving insurance claim.
- Know how much you can collect from the moving insurance claim. If what you have purchased is a liability insurance coverage of, say, $10,000, then you can only demand for as much on your claim. This is regardless of how much was actually lost or damaged from your belongings. This is why getting the highest amount of coverage, while very costly, will prove to be worth it especially if you own very expensive items.
Knowing what to do when your rightful claim is not taken care of is important. Sure, filing a claim and actually receiving the settlement takes a long time. But for how long should you wait? Movers are required to pay their clients off within 3 months from the receipt of claim. If your mover does not comply with this mandated law, then you should have the insurance department commissioner of your state of residence look into the matter.