BBB Honour RollCertified Canadian Mover

Ottawa Moving Company

Local Ottawa Movers Serving Ontario

Bi-Weekly Trips to Toronto & the GTA

Local Ottawa Movers - Moving in Ottawa
and to or from Greater Ottawa within Ontario

Best Ottawa Moving Trucks
Nicest Ottawa Moving Trucks
Protecting Furniture and Floors

Free short term storage
FIND OUT MORE!

Get Packing!Moving Company Insurance Coverage


Before going into the types of cargo coverage, there are two things consumers should be aware of:

  1. The term “fully insured” is often used by moving companies to convey that the customers’ belongings will be protected against loss or damage. Although this can be true, the term can be somewhat misleading. This broad term describes the coverage that the moving company has purchased for itself, usually relating to cargo insurance, liability insurance, and vehilcle insurance.
  2. Insurance can only be sold by licensed insurance agents. A moving company can not sell insurance coverage. Movers can only offer to accept responsibility under their insurance coverage as they have care and control of your possessions. Movers may charge deductibles, surcharges, or limit liability but can not sell actual insurance coverage. However, moving companies can offer protection plans or valuation coverage. Consumers should know that these coverages are not regulated by the government and such contracts can be difficult to enforce.

There are several types of moving insurance/cargo coverage offered by moving companies:

Insurance Coverages

  • Full Replacement Value Insurance – This is the most comprehensive insurance available and is limited only by the maximum dollar value of the policy. If anything is lost or damaged, the moving company must offer to repair the item, reimburse you with cash, or replace it with an item of similar likeness and value. Some movers may limit their liability for expensive/high risk items. Moving companies offering to allow customers to benefit from this insurance coverage can not charge for it and, so, are more likely to be careful with your things.
  • Market Value – The depreciated cash value of an item based on a value loss of 7% per year.
  • Basic or Released Value Insurance – The minimum coverage required by law. Under basic coverage, movers are only responsible for 60 cents per pound. Imagine being reimbursed $120 for a 200 Lb china hutch destroyed in transit or less than $50 if the movers broke your 42″ plasma television. This type of coverage is almost useless if moving anything of any value at all.

Valuation Coverage or Protection Plans

  • Declared Value – The value of your belongings is based on the weight of the shipment at a specific amount per pound. If the amount was $1.00 per pound, and your household goods weigh 10 000 pounds, the moving company would be liable for a maximum of $10,000. The actual settlement would be based on the depreciated value of the lost or damaged goods.
  • Lump Sum Value or Assessed Value – For higher value shipments, you may need coverage that is based more on cost than weight. You can purchase coverage for a specific amount per $1,000 of value. This must be declared in writing on the bill of lading.
  • Full Value Protection – This is the most expensive coverage and is compareable to “Full Replacement Value Insurance” except that the moving company is charging for the coverage. Lost or damaged property will be repaired or replaced. Usually there is a minimum coverage amount and applicable deductibles.

 

In any case, consumers should be aware that they can usually purchase a rider on their home owners insurance for “Goods in Transit”. This can often bridge the gap between coverage provided by the moving company and the actual dollar value of any losses.

Compare us
Against the
Competition!

Our Full Service Moving Rates Include:

  • premium bed bags
  • plastic couch wrap
  • floor protection
  • wardrobe boxes*
  • clean moving blankets*
  • $250,000 insurance
  • (*use of)

FREE

Short-Term
Storage

MOVING TIPS  |  DON'T LEAVE HOME WITHOUT THEM!


5-Tips-When-Relocating-for-Work
5 Tips When Relocating for Work

Getting that dream job can be rewarding – especially if there’s a big pay increase included. But some dream jobs come with a catch – relocating! If you have to relocate for the job you’ve dreamed of, check out these five tips on how you can make relocating work for you. Research your new location Read More…

Getting-the-Kids-to-Help-with-Packing
Getting the Kids to Help with Packing

Going through the motions of the moving process is challenging and stressful enough. But when you have children it can present some unique challenges that impact your packing process. But kids are more willing to get involved when you allow them. You can designate some specific tasks for your children to keep them busy and Read More…

7000+ Happy Customers and a 99% Referral Rate

by Kevin James
star star star star star

Thanks for the terrific work your movers Jesse and Zack did for me last week. It was a long move, with lots of stairs and heavy boxes, and both of these movers performed with great professionalism, energy and courtesy. If I ever need another mover, I will certainly be in touch with First Rate Movers Read More…

by Dan McCarthy
star star star star star

Was happy with the crew and the move. Thanks!

by Sarah Mousseau
star star star star star

I would just like to tell you how impressed I am with your movers! They are wonderful. Thank you for making this transition so smooth!

Certified Canadian Mover BBB Rating: A+ Guardian Association Workplace Safety and Insurance Board Member of CFIB Read reviews on HomeStars