As an insurance underwriter for the moving and storage industry, I get asked a lot of questions about warehouse receipts, so I thought it would be worthwhile to dive into the details of this legally binding contract between the mover and their storage customer. Q: What does our moving and storage insurance policy cover? A:…
5 Policy Renewal Prep Tips to Control Your Insurance Premiums: What you Don’t Know Could Hurt Your Wallet
So, your insurance policy for your moving and storage operation is up for renewal. What can you expect? Unfortunately, you can count on commercial auto insurance premiums to go up. Why? The simple answer is that the average claim payment in commercial auto liability increased by 39% between 2019 and 2023. This spike is due…
Movers, do you Need to Purchase Bonds?
In my 18 years of writing bonds, I have found that many moving and storage customers do not realize they need a bond until the last minute, which can put them in a difficult situation. Recently, I had such a situation with a customer who needed a military bond immediately, and the window that DPS…
2025 Housing Market & Economic Predictions Mixed
By Brandon Laam At MOVER’S CHOICE, we strive to provide relevant and current information to help our moving and storage customers and their insurance brokers navigate the challenging moving landscape. In this blog, we’re taking a look at the housing market and economic predictions for 2025, as well as current moving trends. Is there good…
Q & A with Brandon Laam
VP of MOVER’S CHOICE Insurance Program For Moving and Storage Operations Are you seeing any trends in the types of operations you’re insuring? Absolutely. Over the past few years, we’ve seen many movers diversify their operations to include services, such as junk hauling, temporary storage pods, high valued art, specialized packing and unpacking services, and…
Lessons Learned from the Pandemic: Innovation and Diversification Move the Needle for Growth
From boom to bust The record home sales and relocations following the pandemic were certainly an anomaly, and let’s be honest, not one we’re likely to see again soon. The combination of low interest rates, a robust housing market, the increase of work-from-home opportunities, and the urban exodus all added up to a moving boom…