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The decision to move is a big one, and it can be stressful to find the right moving company near you. After hiring a moving company, you're ready and excited for your new journey. But then you receive some shocking news - your local movers inform you that your belongings have been damaged or lost. What will you do now? 

moving insurance nj

The decision to move is a big one, and it can be stressful to find the right moving company near you. After hiring a moving company, you're ready and excited for your new journey. But then you receive some shocking news - your local movers inform you that your belongings have been damaged or lost. What will you do now? 

If your belongings are damaged or lost during the moving and storage process, it can be devastating. But don't worry because there's a solution. Insurance protection is an essential aspect of relocation that you must consider. Insurance coverage will help protect your belongings and give you peace of mind that everything is being taken care of in case anything goes wrong.

The best movers in NJ offer valuation coverage to protect your valuable belongings. Since moving companies are technically and legally not allowed to sell insurance, the only suitable option is to go for 'valuable coverage.'

There are two types of moving insurances available out there: complementary coverage and extended valuation coverage. Let’s have a look at both so you can choose the best option.

Complimentary Coverage

Most moving companies use this type of coverage as a standard. Complimentary coverage is pretty simple but not as effective. It covers 60% per pound per lost or broken belonging.

To give you an idea, imagine you have a 150-pound item that needs moving, and for some reason, it gets broken during the move. Now, for a 150-pound item, the company is bound to pay you $90 according to the complimentary coverage policy.

This kind of policy doesn't work for everything. Valuable items like TV and LCD that don't weigh more than 50-60 pounds will also be included in the 60% per pound per damaged item formula. It's not fair that a TV that costs a couple of thousand dollars gets broken and what you are getting is only $30. Obviously, there are flaws in this coverage type.

Extended Valuation Coverage

Extended valuation coverage is a better alternative to complementary coverage. With this option, your moving company in NJ will offer you an estimated coverage based on the value of each item.

This moving insurance option is best for valuable items like your TV and other heavy electric or electronic appliances. The good news is that many of the best movers in NJ offer extended valuation coverage. However, the moving company follows some steps (when filing a claim) to reimburse the client.

First, the moving company will try to repair the item. But if the item cannot be repaired, they'll try to replace it with an identical item. If you reject the replacement offer, then the company will give you a fair market price.

Consult the Best Movers in NJ

Are you looking for a reliable and trusted mover in NJ? Tony's Moving Corp. has you covered! We have been providing local and interstate moving services in and around New Jersey for decades now. 

We are just a call away and will be glad to be a part of your moving process. Call us at 888-504-2424 for a free quote. Or contact us for more information.