December 18th, 2011 | 
Author: There are many types of insurance. Some are well known, such as auto insurance. Others, on the other hand, few people are aware of and even fewer purchase. One of the least well known types is moving insurance however, if you will be relocating soon, you should certainly consider purchasing a moving policy from an Indiana insurance company.
There are three basics types of moving coverage; the first is ‘declared value’. With this type of coverage, the value of your property is determined by taking the total weight of your possessions and multiplying them by the set rate of the insurance.
The second type is ‘assessed value’. Also called the lump sum value, this sets a specific price for all of your items. The last one is ‘full value protection’, which is designed to cover the entire cost to repair or replace the items that are damaged during the move. There is usually a deductible with this level of coverage.
There are many benefits to having your property covered by an Indiana insurance company, whether you are moving across town or across the country. Boxes may bump, bounce, and shift during the ride to your new house so damage is always a risk. There is also the risk of the truck coming to grief during the journey.