If you are about to make a move overseas, there is a lot of
paperwork to do. Not only are there
important customs forms and declarations to fill out, but also other paperwork (such
as a vehicle title) has to be secured.
This can and should include insurance on the trip. Though many people balk at this step, it is
very, very necessary. Why?
You aren’t always
covered by the moving provider.
Although it is true that some coverage is provided, usually on a per
pound basis, this is usually very inadequate in representing the true value of
the items. In some cases, such as a
leased truck company, the per pound coverage can be as low as ten cents per
pound! Not even valuation coverage
functions as moving insurance when it comes to protecting your belongings.
Relying on the mover’s
coverage comes with stipulations.
For example, there are lots of terms and conditions listed in those
contracts that aren’t necessarily for your protection, but rather for the
company’s protection. Are “Acts of God,”
such as storms, lightening strikes or floods, covered? Likely not.
Receiving genuine
moving coverage provides an important paper trail. When you purchase moving insurance, you will
receive an actual Certificate of Insurance from an insurance underwriter. If you choose to rely on the mover, you will
likely be reduced to a bill of lading with appropriate marks (if the shipper
has filled it out properly) as your proof.
If you were to purchase a home or new vehicle, you wouldn’t
think twice about getting insurance coverage.
People planning a move abroad or a shorter stay where shipping their
belongings is involved must bring this same attitude toward providing insurance
coverage. Though shipping companies are
generally doing a great job, you just don’t know what can happen.
