Firstly, there are multiple types of moving insurance, and every company has offers, facilities, terms, and conditions that play a significant role in deciding the final cost of moving insurance. Secondly, the cost of transit insurance largely depends on the value of declared goods, the number of items getting insured, and the final destination or distance to be covered by the moving company.
These factors play a major role in deciding the final price you pay for your moving insurance. Also, the cost of moving insurance for intercity relocation will be much higher than for city relocation because of the distance. Moving or transit insurance costs vary from 1.5% to 3%.
Since there are too many things to understand the final cost of moving insurance, it is highly recommended to discuss everything with your moving company before finalizing everything. Make sure to clear your doubts and ask for facilities that you think must be included in your insurance package.