Are Moving Companies Insured?
Enlisting the services and expertise of a local moving company can make the process of moving so much simpler. But at the end of the day, you’re trusting a team of strangers to pack, handle, move, and unpack your valuables and belongings. This point begs one very important question: are moving companies insured?
Georgetown Moving and Storage Company is here to help you understand how insured moving companies should be the baseline when you’re looking for the best moving company in Northern Maryland and Washington DC!
Moving Companies and Legal Requirements Regarding Insurance
The first question is easy to answer, but somewhat of a letdown. Do moving companies have to be insured by law? They do, in fact. Most states require a baseline level of liability insurance, though some states only require this if the movers both packed and moved the items. However, the required level of insurance is actually a completely minuscule amount of liability insurance. It guarantees that if your belongings are lost or damaged, you do get compensated. But will it be the full value of the item? Far from it!
However, many moving companies opt for higher levels of insurance coverage, both for their sake and for yours. A more comprehensively covered moving company will often advertise that they are a licensed, bonded, and insured moving company. These are the folks you want to work with.
How Insured Moving Companies Benefit You
So why choose to work with insured movers? There are tons of reasons why trusting your items to an insured company is the best choice. An insured moving company shows that:
- They are confident in the level of service and skill they have to offer – Being an insured moving company, in many ways, opens a company up to potential liabilities. Generally, moving companies will only take on risks if they’re confident that they can do jobs very well.
- They care about the needs and possessions of their clients – When a moving company is insured, it tells you that you don’t have to worry. From job start to moving day to delivery, they have you covered.
- They care about their own movers, and value protecting them – Insured moving companies also cover their employees in case of injury or legal issues. When a company cares about their employees, it fosters a healthier workplace environment, which leads to happier and more productive moving teams.
How to Insure Your Belongings During a Move
To avoid unforeseen losses or damages, insuring your belongings while moving is critical. To help you make an informed decision, let’s first analyze the issue.
Understand Mover Liability
It is vital to check if the moving company you plan to hire is willing to cover damages to your belongings. These two are the most common ones:
- Full Value Protection: With this option, the mover is liable for the entire replacement value of lost or damaged items. It is the most comprehensive, yet performs to be costlier.
- Released Value Protection: This option is free of charge and comes with basic coverage that reimburses you up to 60 cents for every pound per item which may not be enough if the items are expensive.
Beyond Mover Liability
Remember, however, that mover liability is not the same as the business insurance of the company, which pertains to their operational activities.
Consider Additional Coverage
In case you select released value protection or if your belongings go beyond the provided insurance coverage, think about using third-party moving insurance. This is what you can do:
- Check Terms of Your Policy: Review if items in transit are covered by your existing policy.
- Research Third-Party Insurance: Numerous businesses offer additional coverage for moving insurance. Well-known providers have multiple plans optimized for your requirements.
Make an Informed Decision
Evaluate your items and figure out how much risk you are willing to take. Having the right insurance will aid you in safeguarding your belongings while moving.
Insured Moving Company in Washington, DC
Looking to connect with experienced, insured movers in Washington, DC or Maryland? Georgetown Moving and Storage Company has been an insured moving company for decades and offers superior moving solutions. When you work with our team, you’re guaranteed:
- Trained, experienced, and uniformed movers
- An insured moving company that cares about its clients
- Working with a moving company with over 15 years of experience
Whether you’re looking to make a long-distance move, you’re planning a local move, or you want to find portable storage, we’re the team you can be confident in.
Ready to schedule your move with Georgetown Moving and Storage Company? Contact us today, either online or by calling (703) 889-8899!
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