The Types and Costs of Moving Insurance by Packers and Movers in India

 Moving from one place to another is not a five-finger exercise and just not a simple process. It is a daunting and stressful task in your life because a lot of challenges and huddles occur before and during the relocation. During the relocation, everyone is concerned about the safety of the belongings and the valuable items because sometimes things get damaged or lost during the transit, so safety is the most essential aspect of the relocation. You give protection from the losses moving companies offer moving insurance to their customers for securing the belongings against the risk.

If you are hiring packers and movers in India for long distances the moving insurance is especially packers and movers will offer the moving insurance facility to you. 

Moving insurance is an important tool for your goods to give protection against human error, natural calamity, and other mishaps. If you are insured then you can claim from the insurance providers and get compensation for your damages. While dealing with the packers and movers you need to check the terms and conditions of the insurance, so that no problem occurs during the compensation times.

Types of moving insurance offered by packersand movers in India

Movers and packers in Indiaoffer two types of moving insurance while moving household goods and appliances.

• Transit insurance
• All-inclusive insurance

Transit Insurance  

Transit insurance gives protection to you from any damage which occurs during transit or transportation. This means if any damage occurs to your goods during the transportation then it can be compensated by the insurance providers or these types of damages are covered under the transit insurance. If any other damage occurs before or after the transit then this type of damage comes under the transit insurance. Like if damage occurs during loading and unloading or packing then these types of damages will be compensated and they will not come under transit insurance. If any sort of transit damage occurs during the transit process then you can directly take the transit insurance compensation from the general insurance companies or the movers and packers you have hired can also help you obtain the transit insurance. While taking the compensation remember to bring the original bills and insurance certificates.

All-inclusive moving insurance

all-inclusive moving insurance covers all the damages which occur during the entire packing and shifting process. All sorts of damages come under all-inclusive insurance. Like if any damage occurs due to human error while loading or unloading or during transportation or packing, packers and movers in bangalore, best packers and movers in bangalore, then you can ask for a claim. This type of insurance is offered by the movers and packers company themselves and you need to check the credibility of the company. In this insurance no such policy because the movers and packers company itself is covering you from such type of damage which occur during packing, loading, and transportation, and unloading. Usually, people prefer to take all-inclusive full insurance, but sometimes it may turn to be a bad choice because this type of insurance, doesn’t have the terms and conditions of the insurance and the process of making claims. Just you have the fine print.

Cost of moving insurance

Many peoples things the moving insurance cost in India is very high. A lot of confusion is there about the rates and charges for moving insurance but in reality, it is simple and less expensive. If you want to take the insurance you need to declare the values for all of the items for which moving insurance is to be taken. So for example, if you are taking moving insurance of a fridge, washing machine, microwave oven, Air conditioner, almirah, and other stuff for which insurance is not required. You have to declare the values (worth) of these materials; packers and movers in bangalore

Declared Values of goods

Fridge – Rs. 19000

Washing Machine – Rs. 26000

Microwave Oven – Rs. 16000

Air Conditioner – Rs. 36000

Almirah – Rs. 15000

Total worth of goods to be insured: Rs. 112000 only

Cost of Transit Insurance @ 1.5% = Rs. 1680 + taxes

Cost of all inclusive insurance @ 3% = Rs. 3360 + taxes