• It’s thrilling to move because you could be transitioning into a more amazing home. Nevertheless, it can also be a hassle as you need to pack all your belongings into boxes, load them onto a truck, and transport them to another town, state, or country. The moving process will be less taxing if you enlist professional movers. However, there is a chance that the movers you engaged and trusted with your most valuable items might damage or destroy them; thus, purchasing a home insurance policy is advisable.

• Legal requirements compel professional moving companies to have their own liability insurance to safeguard your possessions, but many policies might not include coverage for personal property during a move. It entirely depends on the nature of the damage and the reason behind it.

• If you’re moving from one residence to another, ensure that both are insured. For thirty days, your home insurance policy may protect both your previous and new homes. However, you need to inform your insurer that you are relocating. Make certain to notify them thirty to sixty days ahead of your expected move date. If your belongings are split between two residences for more than thirty days, reach out to your insurer to amend the terms of your home insurance policy or add a note to your file to guarantee coverage.

Are you relocating to a different state?

• It’s essential to evaluate the location. If you’re moving out of state, check with your insurance provider or broker to determine if you will be covered in your new area. If not, you should allocate time to find a new insurer and establish a new policy.

• Unexpected issues can arise, so ensure your coverage is comprehensive. If it’s necessary to change insurance providers or policies, make certain that you do not experience any lapse in coverage. It’s also crucial to understand what factors affect your home insurance premium. There are various reasons that could lead to delays on your moving day, including:

1. Closing dates may change.
2. Keys can be returned at any time of the day or night.
3. Moving companies can easily be overbooked.
4. Severe weather conditions can cause delays.

• Be prepared to inform your insurance provider of any changes to the dates for both homes. This will ensure that your belongings are sufficiently protected. It also offers liability coverage in case anyone gets injured on your property, regardless of the circumstances.

DIY projects could ultimately cost more than you anticipate.

• You can save a significant amount of money if you avoid hiring movers and instead depend on family and friends to help you move, provided you purchase home insurance coverage. If you’re renting a vehicle, consider how you will insure it. You can either utilize the rental company’s insurance or reach out to your own auto insurance provider. If something happens to the truck, you might be able to claim it on your car insurance as if it were your vehicle. A standard auto policy does not cover commercial moving vehicles. However, you might have coverage if you rent a cargo vehicle for the move.

• You should also think about the risk of your friends injuring themselves or damaging your belongings during the move. You should increase your home insurance to cover all risks and include liability coverage. If you decide to travel by car, ensure that you pack your personal items carefully. You must check the back window to guarantee the safety and comfort of all passengers.

Using a moving company

• Coordinating friends to help and renting a vehicle can be much more complicated than hiring a professional moving company. Nevertheless, you must still do your research and make sure that you choose a company with acceptable references and ratings.

Don’t forget to insure any items that are being stored

Consider getting storage insurance if you’re placing items in storage to prepare for a move. There are generally a few options available, such as:

1. Released liability protection – This policy will cover the expenses of replacing or recovering items that have been damaged or lost.
2. Replacement value protection – This coverage will pay the complete cost of replacing any items that have been damaged or lost.

• If you need to leave your belongings in a moving vehicle overnight, ensure it is parked in a safe location or unloaded into a secure facility. Confirm that the place where your items are stored is heated during the cold months.

Wrapping Up

• When determining your insurance rate, insurance companies consider several factors, one of which is the location of your new residence. The key point to remember is to inform your home insurance provider of any upcoming moves. On moving day and after you’ve settled into your new home, your insurer can guide you on any coverage updates you may need to ensure safety.

Disclaimer:

• The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.