The type of liability coverage offered by your moving company for damage or breakage is not technically insurance and, therefore, is not governed by state insurance laws. However, under federal law, all interstate moving companies must offer two different liability options: full value protection and released value protection. Most moving companies also offer both options for moving within a state. Critical areas of insurance needed by moving companies anywhere in the United States include cargo coverage, motor liability and workers' compensation.
Whether you're moving locally or out of state, on your own or with a moving company, the right insurance will protect your belongings and allow you to have less worry. If you ask for an insurance certificate from a moving company, you'll know what to expect during the transaction. Licensed moving companies usually have an insurance policy that protects you and your belongings when you move to a new home or business. Policies for homeowners and renters provide coverage for your belongings while your personal assets are in your residence, in transit, or in storage facilities, but they will not cover any damage caused to personal property while being physically handled by transporters when packing or moving it the items.
Some states grant direct licenses to moving companies, including background check requirements, passing exams, and providing regulatory knowledge about the industry. You may have even been told that you are not hiring moving professionals unless the organization is licensed, insured, and under warranty. When you have decided to hire moving professionals for an upcoming move, you may have heard that it is advisable to hire a company that has the right insurance.
