Understanding moving costs and insurance

Moving Preparation - March 23, 2020

When you have an impending move, you have to make a budget for it. Yet, there is more to consider than money when evaluating cost. You have to understand the true financial, physical, and mental aspects before you hire local movers Fort Worth. One of the most important steps of moving preparation is understanding moving costs and insurance. By knowing the details regarding costs and insurance, you’ll be one step closer to a successfully organized relocation. That’s why we’ve put together an easy-to-use guide to help you understand the concept of moving costs and insurance.

Understanding moving costs and insurance- where to begin?

The first thing you need to know is that you have to evaluate several aspects of moving costs. That includes evaluating your financial and opportunity costs. However, the first thing you need to do is to get moving quotes Fort Worth. Moving quotes are a starting point when it comes to understanding moving costs and insurance. Only after you get a moving cost estimate, you’ll be able to move on and break it down to pieces.

Understanding moving costs and insurance is crucial
It is important to consider all the aspects of moving costs and insurance when planning a moving budget.

How to evaluate your financial costs?

There are several things you should calculate into your total financial cost.

Packing supplies- first step of understanding moving costs and insurance

There’s no doubt you’re going to need a lot of packing supplies. From sturdy boxes, packing paper, dollies to wraps and straps. Simply, an investment in proper packing supplies will ensure that your items are secure. Therefore, it’s required to include these costs into your total moving costs.

Hiring a professional moving company- second step to understand moving costs

Against the general opinion that friends and family are enough to help with handling the relocation, it’s just not true. Just the opposite, hiring moving professionals will help you in so many ways. Therefore, it is worth hiring them, whether for a full moving package or additional moving services. On the other side, while family and friends are attractive options to save money, it brings a lot of risks. So, if you are looking for a little more peace of mind, professionals movers will help you.

Professional packing- third step for understanding the meaning of moving costs

It is often people underestimate the time, materials, and effort required to pack and move your home. So, to understand the moving costs of packing, consider the following. If you have special cargo, don’t risk packing and loading your belongings on your own. Especially if they carry a higher value. Therefore, seek the advice of specialists before moving large furniture, antiques, and electronics. It’s advisable to consider potential damage and breakage as you calculate the moving costs.

Consider other factors to fully understand moving costs


To understand moving costs, it’s important to think about your choice of transportation. The means of transportation are potentially the most expensive part of your moving costs in general. Therefore, when it comes to containers, trucks, and trailers, your expense will scale with the level of your need. So, consider the distance, timing, and complexity of your move before contracting services.

Transportation is a big part of moving costs in total
Your choice of transportation will have a big impact on moving costs, so keep that in mind.

Travel and living costs

The moving process tends to inflate travel and living expenses, regardless of distance. Besides potential lodging and airfare expenses, purchases of food, fuel, and convenience items can add unexpectedly. So, consider these costs when planning your moving budget.

Understanding moving insurance

First of all, note that moving insurance isn’t insurance. Instead, moving companies offer something called valuation and it functions like insurance. Meaning, the moving company ensures compensation for your belongings in case of damage or loss. However, moving companies are not certified to sell insurance and they aren’t governed by federal regulations that apply to insurances.

There are different types of moving insurances, also known as valuation

There are two specific kinds of valuation all moving companies offer to movers when moving across the state line. Many of them will offer these options for local and intrastate moves, too.

  • Released value protection

This is the most basic coverage option that moving companies offer. This kind of value protection comes at no extra cost but provides minimal coverage. Moving companies assume liability at only 60 cents per pound per article. Also, any lost and damaged items won’t be replaced or repaired when you file a claim. Instead, they will compensate 60 cents per pound per item.

  • Full value protection

This kind of coverage is far more comprehensive than released value. However, you must pay a premium upfront. Also, many full value protection policies have deductibles. If you select this option, your moving company is liable for the full replacement value of the goods they transport. Meaning, you’ll declare the worth of your goods, per pound, and then pay a premium for that amount of coverage.

When it comes to insurance, know what you should pay for when it comes to valuation coverage

As you calculate your moving costs and insurance, don’t pay for more coverage than you need to. For instance, if your homeowners’ insurance policy will cover your move, don’t pay for additional full value protection. And the opposite, if it doesn’t cover your move, you’ll have to pick between released or full value protection. You’ll decide depending on your circumstances and the value of your belongings. If you decide to choose full value coverage, the price will vary depending on the moving company you choose. Usually, the premium on full value protection is a percentage of the total value of your shipment. So, for instance, if your shipment is worth $50,000, your premium might be $500 or 1 % of this amount. After the premium, you might need to pay a deductible when you file a claim, so keep that in mind.

The importance of moving insurance is big
After understanding moving costs, pay attention to insurance, as it will be a big part of your moving costs.


Understanding moving costs and insurance is all about getting the right information. We hope that we’ve managed to provide you with all the information you need to evaluate these aspects of relocation. Good luck with handling your relocation.

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