Moving Insurance Protects Your Goods
At Element Moving and Storage, LLC, we understand that moving can be stressful, especially when you’re worried about the safety of your belongings. While accidents are rare, it’s essential to have peace of mind knowing your items are protected.
Basic Liability Coverage
The Texas Department of Transportation (TXDot) requires all moving companies to provide a minimum level of protection for your belongings. This Basic Liability Coverage is included with every move we handle, insuring your items at $0.60 per pound per article. While this offers a basic level of protection, it may not be sufficient for high-value or delicate items.
Example: If a 100-pound table damaged, you would receive $60 regardless of what you initially paid for the piece.
Full Value Protection (FVP)
For customers seeking greater security, we offer Full Value Protection (FVP) through our trusted third-party provider. This coverage ensures that your belongings are fully protected in the event of damage or loss, with options for repair, or cash settlement based on the item’s full value.
Benefits of Full Value Protection
- Coverage for the full cost of your items at today’s rate, rather than just weight-based compensation. Example: the 100-pound table mentioned earlier could be replaced for $2000 instead of $100 that comes with basic insurance.
- Ability to choose a deductible of either $250, $500, or $1000.
- For lighter valuable items such as artwork or televisions, FVP ensures that you’re adequately compensated if something happens during your move.
Important Note: If you have items valued over $2,000, you will need to provide a list of these items so that their value can be added to your policy. For example, if you need a $30,000 policy but have a couch and TV each worth $5,000, you would need to purchase a $40,000 policy to ensure you receive the full $5,000 for the damaged item in the event of a claim.
How to Purchase Full Value Protection
Your salesperson or our office can provide a quote based on the total weight of your items, with coverage options ranging from $10,000 to $500,000.
We require an inventory of items valued over $2,000 to ensure adequate coverage. If your items are placed in storage, monthly payments will be required to maintain coverage.
Feel free to contact us with any questions or for assistance in choosing the right level of protection for your move. We’re here to make sure that your moving experience is as smooth and worry-free as possible.