Imagine this case scenario: you are opening the back of the moving truck to unload your belongings and your biggest nightmare becomes reality. Your big screen TV is completely trashed, all your china is smashed and the antique furniture is damaged. Perhaps the first thing that comes to your mind is whether the insurance will cover the damage. Many people moving for the first time think about moving insurance only when it’s too late. Perhaps they forget or think they are not going to need it. Here’s what you should check about moving insurance to ensure the protection of your valuable belongings:
- Will your home insurance cover the damage?
- Will your removals insurance cover any potential damages?
- How to find reliable movers that are fully insured?
- What will happen to your old homeowners’ insurance once you move?
Hiring reputable removals in Upminster Bridge RM12 is just a start.
Will my homeowners’ insurance cover the damage?
Homeowners insurance policy means that your belongings are covered in the event of a fire or theft. This policy may also cover damage that happens during a move. However, there are limitations in coverage for damage that happens when a home is being moved. There are two types of coverage: named perils and comprehensive perils coverage.
If you have named perils coverage, your belongings are not covered once they leave your old house. But if your policy comes with comprehensive perils, there is coverage for damage for collision or upset. So in case of an accident, your homeowners’ policy covers the damage. However, the best move is to contact your agent to find out exactly what your policy covers and whether you can get add-ons that will better cover you during your move.
What about a moving company’s insurance?
Your mover is accountable for the value of the personal property that they transport for you. But, they don’t have to buy new replacement items or pay the full repair cost. They offer basic insurance that offers $0.60 per pound, per item towards replacement or repair. For better coverage, you should opt for Full Value protection as it covers the full value of every item. However, you have to be careful as even this coverage has its exceptions, for example, jewellery or antique items. The bottom line, if anything is lost, damaged or destroyed, you movers have to repair it, replace it or make a cash settlement.
Hire a mover you can trust
Hiring a reputable moving company matters even more than insurance. Movers you hire should be registered with BAR (the British Association of Removers), which means they are licensed and insured. Finding a reputable mover can be a challenging task but you need to do research, check referrals, recommendations of your friends, agent, etc.
What happens after you move into a new place?
After you move into your new place, you might not be clear with homeowners’ insurance. If you think that your old homeowner’s policy is still valid and you’re still covered because your old home hasn’t been sold yet, then you’re wrong. Once you move into a new place with the help of reliable international removal services in London, it becomes your primary residence which means that the old place is a vacant property. For you to remain covered, you can leave enough furniture in your old place so it doesn’t become a vacant home or get a vacancy endorsement added to your existing policy. And finally, you can cancel the current policy and buy vacant home insurance.