Movement of your household or commercial goods involves working from both the hands along with presence of mind and full attention. It is one of the nerve-breaking and formidable tasks in everybody’s life. Those who have practically encounter this in their past know how much daunting it is to carry it in a very smooth manner, what are the challenges and difficulties come in between from origin to the destination place. Most of times the risks are only associated with damages such as breaks or cracks caused to your expensive items. Theft or loss is also likely to happen on them during the transit. Therefore, to overcome this unavoidable situation, the only thing that generally all reputed packers and movers Hyderabad provide is the “Moving Insurance”. This is the best way to secure your belongings against any possible risk factors. Although if you hire professional service providers for packing and moving your items then there are less chances that they will not handle your goods with care. They perform their duty with due diligence and honesty so that you do not have to meet any problems during the process. Thus, hiring of trained and experienced personnel is always a prudent idea to save on your extra money if your goods get harmed because at that time you have to invest again on that particular item to either purchase it or repair it.
Since, the probability of any mishap is on minimum side, however still you can claim for the insurance if your goods get damaged or lost unfortunately during transportation or process of packing. Availing of this benefit totally depends on the intensity of miss-happening that is caused to your goods and also on the type of relocation- intra-city, inter-city or internationally. As your relocation process differ on the quantity of goods in a single moving trip, distance between origin and destination, type of packaging and moving supplies that are used in the process, so do the insurance coverage. For your information, the cost varies from 1.5% to 3%. In fact, this percentage measures as per the market standards. So you do not have to think that it is the amount that is randomly levied on the goods. Instead it is the most commonly used insured coverage on all types of relocation services. Insurance plays a pivotal role in those scenarios when you have to shift for long distance because the more the distance is, the risk of getting your things damage increases.
According to my personal experience I have seen a case where on customer was travelling to another city and his furniture was broken in between the transit. At that time the company with which he was moving did not provided him any compensation of the damage done. It happened with him because he did not enquire before about the same before taking up their services. This, he has to bear the loss and invest by his own to purchase the new item again. This is just one case, like this there are many customers who pay for the insurance and in return do not get valid information about the claim. Hence, having appropriate information is the must thing to get satisfaction and happiness from the process.
Before telling you about the kinds of insurance provided by many moving companies, let me tell you on which items this is applicable.
Generally the insured items are- electrical devices, electronics, home appliances, furniture, garden equipment, kitchenware and fragile items. Few goods on which you cannot expect insurance are- cash, documents, perishable items, medications, heirlooms, glassware, fine art, sports equipment, jewelry, antiques and many more.
The parameters on which your packers and movers will give you insurance premium charges are-
• The nature of your commodity
• Distance to be travelled
• Claim history (if any)
• Real value of the item
• Life expectancy or age of the item
Broadly if we see then there are only two varieties of insurance services provided by all authentic relocation companies but these are given only when the shifting is done for long distance or inter-state. Specifically these are named as follows-
1. All-inclusive Insurance
In this insurance type the claim is basically asked for giving coverage against the damages made during the entire relocation process including all the activities- packing, loading, transportation and unloading. It is recommended to buy this insurance policy in case if you do not want to get encounter with single item damage. On one hand it is the best option of all but on the other hand it can be costlier too. It charges an extra amount because your movers have to replace or do cash settlement of your lost or damaged item. Shifting service provider will charge you 3% of the declared value as per this insurance fee. Very often, only professional transportation company deals with this insurance policy. But, you have to check the credibility and reputation of the company before hiring them.
2. Transit Insurance
It is the basic coverage option that many of the Indian movers deal with because maximum of miss-happenings occur during transportation only. As the name says, it only covers the in transit damages. For instance- while travelling any of your belongings get damage then it comes under the transit insurance. Here you have to keep one thing in mind that this will not encounter the loss before and after the transit. Even if you have availed transit insurance then also you will not be able to take the benefit of the damages incurred during packing, loading, unloading and unpacking. Getting this insurance is now easy from any general insurance firm or packing and moving company you have hired. This gives you an advantage of 1.5% declared value of goods. Policybazaar.com, Coverfox.com is few to be named portals from where you can buy insurance coverage.
You must also know what one means by Full Value Protection and Declared Value Protection as these are used very frequently by your suppliers.
• Full Value Protection- In this both types of insurances include coverage and settlement for replacement, repair or cash for entire household items which are insurable.
• Declared Value Protection-In this kind, you will get the coverage of only those items that you need actually, i.e. it is a custom insurance on the items you need to be insured. Furthermore, your movers will first analyze the item on which the insurance is declared and then state the current value on those commodities.
This post gives only the basic information about the insurance policies. If you want to avail any of these policies, then you have to get connected to your specific movers and packers Hyderabad only. This piece of article should only be taken as a help book for knowing about the various insurance types.
Have a hassle-free insured relocation experience in future.