Moving Insurance: Learn Each Type If you are moving because of job relocation or simply want to live closer to your relatives, moving per se is a very stressful event. You can now lessen your stress when moving by using a moving company. However, before you get a moving company in your area, you need to know research first if the moving company you are hiring have insurance. Moving insurance is very important because it protect you and your possession from anything that will happen during the move and transit. Here are the types of moving insurance. Moving insurance will be according to the plan or package that you will choose. A Full moving insurance is when the moving company covers all your possessions that they will ship from your old house to your new home. Under this insurance package, if something is broken in your possession during their shipment, the moving company is liable to replace or pay you. Some even offer a reimbursement, where you can reimburse it with cash. If you are looking for a cheaper insurance package, you can avail with the released value insurance, which is affordable. However, this kind of moving insurance package does not do you any good. This insurance will just pay you 60 cents per pound. If you do not want the released value insurance, you can avail with the 3rd party insurance coverage. Some moving company will allow you to have a 3rd party insurance on their contract. However, this is an additional expense in your part. So, before you hire a moving company, make sure to review first their type of insurance package and if they offer one.