3 Important Insurance Policies to Consider When You Move Your House

Introduction

Moving to a new house can be a very stressful task, especially if you haven’t planned anything from the beginning. Everything happens in such a rush that it is almost impossible to make the right decisions in the right time. This can at times make it very difficult to concentrate on the more important decisions that can impact the moving out.

Since it is a very hectic job, chances are that you might be impacted by the stealing or damaging of your goods in the process. This can be a huge blow in the entire process that can cost you big time. People often forget to get the right insurance policies which haunts them later. Hence, here are three things that you must not forget when planning your house moving.

Contents insurance

You might be wondering that this is a fairly useless discussion since you would already have the home and content insurance covering your previous property. Well, you will be surprised to know that contents insurance don’t usually offer as much as you think. The contents insurance won’t provide much coverage in case you are moving to brand new home.

There might be some policies that offer some coverage, but most policies will not provide any kind of insurance coverage in case of home moving. The best way is to make sure that the movers that you have contacted for the transfer of contents offer something in case of damage or not. However, one can also update their policy and pay some additional premium to make sure that they are offering some insurance for the transfer of the contents.

Update your new address whilst moving

The most important thing that people usually forget while moving is updating their policy. Yes, you do have an insurance policy for your previous home, but that does not mean that they will be keeping a track wherever you plan to move. It is important to remember that you home and contents insurance is only applicable for your previous property and any update on this shall be directly informed to the insurer immediately.

While this may involve some paperwork, there will be some insurance agencies that will provide some grace period for the policy holders whilst they are moving. This means that whilst you are planning to move, the insurance policy will cover you for both the properties for a specific timeframe. Hence, it is important to get quick home and contents insurance update when moving.

Limited insurance cover when contents are stored

People might think that once their contents are insured, they can keep it anywhere as any damage will be covered by the insurance policy. Since the contents insurance is largely related to the home insurance which is your original home (in this case), chances are that you would not be covered for the contents stored somewhere else.

This is why it is highly suggested to contact the insurance agency and ask them about all the related policy as this can result in significant changes when it comes down to the policy. Hence, before making any real decision, make sure you handle the insurance tasks well.

This entry was posted in Insurance Tips and tagged . Bookmark the permalink.