All movers in Illinois are required to offer basic liability coverage of $0.30 per pound per article. This is included in your base move price and does not cost you any extra money. As such, it is the most economical option available.
If you want greater protection, movers are permitted to offer additional liability insurance coverage issued by third party insurance companies. This type of insurance provides coverage for household as well as office goods while in transit or in a storage facility. Although movers are not permitted to issue this additional coverage themselves or profit from it, many of them do make it available to their customers and do all of the leg work to arrange for it.
This additional liability insurance coverage usually costs $0.60 per $100 in value, and you must insure the entire load. It takes a few days to get the coverage bound and a policy issued by the insurance company, so be sure to place your order for this coverage at the time you book your move. You may also order this coverage yourself through the several specialty insurance companies which sell this coverage. If you purchase additional liability coverage you will deal directly with the insurance company in the event of a claim.
In addition, some homeowner and renters insurance policies cover household goods in transit. So check your policy before purchasing additional liability coverage