Insurance is your buyer`s protection when you are purchasing one kind or another of service or product.
In the case of international moving, you must protect yourself with an insurance policy. When you hire international movers to perform a service for you, you would definitely want this action to be done perfectly and with the smallest possible number of mistakes. But as you already know, risks are always a part of life, especially when it comes to shipping many items from one country to another, and in case something goes wrong – that is when your insurance policy comes in handy.
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International moving companies are required to offer basic insurance coverage to their customers by law, as the two basic offers are “released value protection” and “full value protection”. The first kind of insurance means that for every pound of your belongings weight, you pay the amount of 60 cents. The second kind of insurance means that you pay 1 percent of the total value of the shipped cargo.
Nevertheless, it is important to understand that the international insurance covers do not really provide you with the insurance policies, per se. The moving company is not the seller or the carrier of the insurance, and it only offers the liability coverage limits all sides are covered by, in case the questioned articles are damaged or lost. That is why it is also recommended that you consider purchasing the extended and additional insurance policy depending on your decision and self-valuation of your belongings.
Extended Option Policies
There are additional insurance policies you can purchase to increase protection of your international moving process and of your belongings. Some policies offer actual cash reimbursement if something happens to your items along the shipment or replacements instead of lost or damaged items. Other policies offer third party coverage if you would like someone other than the international movers to handle your belongings. That kind of option is usually regarded as “relocation insurance”.
In conclusion, there are various kinds of international moving insurance options to choose from, and so you have to consider which is best to purchase to maximize your coverage and protection. Remember that no matter what you choose, you must pick at least the basic and minimal coverage to be on the safe side and avoid problems.