If the truck is in an accident, or catches on fire the insurance company will get involved. You will make a claim and you or the moving company will pay the deductible. Cargo insurance covers the contents of what is in the truck. But what if the movers do not have cargo insurance?
Some moving companies sub out their jobs to movers that own their own pickup truck. The drivers pull the company’s cargo trailer. The drivers Liability insurance makes the pickup legal, (but not really unless the driver is paying for commercial insurance). What is missing is the cargo insurance. No cargo insurance and all your personal belongings are vulnerable in transit.
If you are renting a truck you should make sure you buy the additional cargo insurance from the rental company. Or consult your own insurance company. Sometimes home owner???s policies can add coverage for the move.
I have heard a story from another company. ??A helper was smoking by the truck, and dropped his cigarette on the moving blankets by accident. The entire truck caught on fire. It was a total loss. That is why moving companies have a strict ???NO SMOKING??? policy.
I had a friend that was involved in an accident, and the truck flipped over. Thank God that he and his helper only were bumped and bruised. The furniture however took a beating, but there was far less damage then you would expect. On account of the truck being packed and padded so tightly. ??The insurance company got involved and covered the damage. In this case the company paid the deductible. The customer was inconvenienced, but compensated.
Without cargo insurance you the customers are out. A low priced move from a ???cut rate??? company or a “chuck and a truck” could be the most expensive move you ever make.