The average cost of moving insurance for intercity home shifting ranges between 1.5% to 3% of the declared value of your household items. However, the final premium is determined by the type of coverage you select as well as factors such as the distance and the item being transported. If you see the majority of movers, they provide moving insurance as an add-on to guard against theft, damage, or mishaps while in transit.
Packers and Movers Insurance Charges for Intercity Shifting
The majority of packers and movers provide both comprehensive and transit insurance. As far as I know, transit insurance usually costs 1.5% of the total value of the products. It is more reasonably priced and covers damage sustained during shipment.
Comprehensive insurance is more costly and often costs between 2% and 3% of the product's value. It covers loading, unloading, packing, unpacking, and transportation risks.
How are Moving Insurance Costs Calculated?
Declare Your Household Value: First, you must list the total value of all the furniture, gadgets, and valuables in your home.
Premium Rate: This declared value is multiplied by a percentage, such as 1.5%, 2%, or 3%.
Premium Insurance Cost = (Declared Value x Rate%) + GST.
For example, suppose the entire worth of your household belongings is Rs. 3 lakh. Depending on the coverage you choose, your insurance premium could range from Rs. 4,500 (at 1.5%) to Rs. 9,000 (at 3%). Because they are more likely to be damaged, high-value objects like LED TVs, glass furnishings, artwork, or high-end appliances may somewhat raise the premium. This is all I know from my experience.
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How Much Does Insurance Cost for Intercity Home Shifting?
Raghubeer588
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2025-12-10T08:51:44+00:00 2025-12-10T08:56:08+00:00Comment
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