Transit Insurance for household goods provided by Packers and Movers Hyderabad and other locations is basically a scam. They charge a flat fee of 3% on the value declared. To be on a safer side, you need to ask them for a quote from the insurance company that is providing the transit insurance since transporters are not insurance providers. Once you receive the quote, try to ascertain its genuinity. You can do a google search to know whether a certain insurance company provides transit insurance cover.