MOVING INSURANCE We've Got You Covered! With all your valuables and possessions on the line, it’s important to make sure you’re protected in the event of an accident. If you need local moving services, a long distance moving company, or international movers that provide moving insurance, we're ready to work with you! Moving insurance keeps you covered while your belongings are in transit. It pays to be protected, so Air 1 Moving & Storage offers two reasonable moving insurance plans for your convenience. Full Replacement Value/High-Value Inventory Insurance Plan This plan is offered for local, long distance, and international shipments. It provides coverage based on a calculated value provided by you before the date of the shipment. The value assigned to the items should be equivalent to the cost of replacing them at your new destination. This plan is one of the best moving company insurance options in terms of comprehensive coverage. Unlike other plans, the Full Replacement Value – High Value Inventory plan does not reduce your settlement based on depreciation or co-insurance penalties. The declared cost of your inventory could also act as a starting for your homeowner’s or renter’s insurance policy once you’ve arrived at your new location. For Example: So what exactly does the full replacement value plan look like in practice? For example, let’s imagine that you purchased an HD television in 2014 in California for $1200. The current replacement value for a television of a like or similar kind in New York is $1500. You should list your television’s value as $1500. This is important because if your TV is broken or damaged during the move, you will be limited to a maximum settlement of whatever cost you declared. Lump Sum Replacement Moving Insurance Plan This plan is limited to long distance moves and international shipments. It provides coverage based on the total declared value AKA the ‘lump sum’ of your shipment. You must declare a value equal to at least $8.00 multiplied by the total weight of your shipment. To simplify, if your shipment weighs 3,000 pounds, it must be insured for a minimum of $24,000. Additionally, you should specifically declare high value items in your shipment. High value items are defined under this plan as any shipped item with a value greater than $500. When you declare a lump sum, any shipped item valued at over $500 must be specifically declared. Items such as clothing and bedroom sets can be grouped together for your convenience. For Example: So how would the lump sum plan work in practice? For example, let’s say you purchased a painting in 2002 in California for $400. If this item were to be lost or destroyed, the cost of replacement would be approximately $700. This makes the current replacement value of this painting at $700 for proper coverage. You would list the painting on the High Value inventory form. In the example above, assume that you also are in possession of other paintings, but individually, none of them are valued at over $500. These paintings do not need to be listed, however their value should still be applied to the total Declared Value. Sound confusing? In addition to providing you with top notch insurance, Air 1 Moving & Storage will also offer advice on the correct insurance plan for you! We cannot wait to meet you and get to work! Hit the Road With Us! If you need local moving services or a long distance moving company that provides movers insurance, we're ready to work with you! We'll handle the heavy lifting while you focus on settling into your new home. You can rest easy knowing your belongings are protected in the event of an accident. Discover a Los Angeles moving company you can trust! Reach out today for moving insurance pricing options!