Moving Insurance Policy by Mummyshree Packers and Movers in India

 

What is Moving Insurance Policy?

You have heard about home insurance that does not cover the loss or damage to your belongings while in transit. But you can make your belongings insured in transit by availing of valid moving insurance or transit (transport) insurance from one of the professional packers and movers. If you are shifting your household belongings to a new home using your own vehicle, even your vehicle insurance policy would not cover your belongings. But you don’t need to worry at all. You can avoid putting your valuable belongings at risk by availing of a moving insurance policy. Moving insurance is a policy that covers the risks for personal as well as commercial goods while they are being transported from one place to another by a certain mode of transport such as road, rail, or air. It covers the risks like damages to goods due to unfortunate perils or natural calamities like accidents, fire, earthquake, explosion, and robbery. Moving insurance policy can be either acquired from general insurance providers or hired packers and movers. There are certain items that are not covered by the moving insurance policy. As a responsible person, you ought to purchase moving insurance on your move because you care about your belongings. It is crucial to go through the moving insurance policy’s terms and conditions before purchasing the same. This will help you what items are insured and what items are not insurable. Moving insurance is the best tool to protect belongings that are being handled by professional movers and packers. Unfortunate damages may happen either due to human errors or natural calamities. Mummyshree Packers and Movers valid insurance policy for your household items, you can get compensated for damages, if any, from the moving insurance provider. So, don’t take the risk to save just a few bucks. Avail valid moving insurance and move to your new place without much stress and tension. Let’s understand now what moving insurance, types of moving insurance, the cost of moving insurance, and other appropriate information about the relocation insurance.  

General Insurable Items

 

• Furniture
• Electrical equipment
• Home appliances
• Kitchen appliances
• Garden equipment
• The nature of items
• The age of items
• The real value of items
• The distance to be travelled

 

Non Insurable Items

• Valuables
• Cash
• Jewelry
• Medications
• Heirlooms
• Fine art
• Collectables
• Sport memorabilia
• Documents
• Glassware
• Antiques
• Perishable items

 

Types Of Insurance Policy

 

Transit Insurance Policy

Transit insurance for moving is the most basic coverage option that most Indian packers and movers offer. As the name suggests, this version of moving insurance will cover the damages during transit. For example, if your belongings are damaged during transportation then is it covered in transit insurance. Keep in mind, transit insurance will not cover the loss if your belongings are damaged before or after transportation. For example, if goods are damaged while packing, loading, or unloading, you will not be compensated even if you have availed of valid transit insurance. Transit Insurance rate is @1.5% of declared value + taxes.

 All-inclusive Insurance Policy

The all-inclusive  insurance policy offers coverage to household items against risks of damages to goods associated with fire, earthquake, explosion, fire, collisions, accidents, robbery, etc. But you can claim coverage only if damages happen during transportation only. If your packers and movers are buying transit insurance or all-inclusive  insurance  on behalf of you, then don’t forget to collect the original insurance certificate and bills of insurance providers. If you want to purchase transit insurance on your own then you can easily acquire the same online and pay the premium online as well. all-inclusive insurance rate is @3% of declared value + taxes.  

Mummyshree Packers and Movers provides you two kinds of protection

Whether you wish to buy transit insurance or all-inclusive insurance, your movers may offer you two kinds of protection.

Full Value Protection:

In this option, moving insurance will include coverage for repair, replacement, or cash settlements of entire household items which are insurable.

Declared Value Protection:

In this version of moving insurance, you can get insurance for only those items you need actually. For example, if you need moving insurance only for home appliances then you can get the same. In other words, you can say it custom insurance. You need to declare the items that need to be insured on your move. Later, packers and movers will analyze your declared items and state the current value of the items.