Why you should be taking out Moving Insurance
Moving can be chaotic and stressful, and there are many things to consider. One of them is whether or not to purchase moving insurance.
While professional removalists don’t set out to lose, damage or destroy your belongings, accidents happen, and you should be prepared with a moving insurance policy.
Like most other types of insurance, moving insurance provides peace of mind and protection for your belongings throughout the moving process. If damages should occur, you have financial protection with moving insurance.
Who Provides Moving Insurance?
It is a common misconception that damage done during a move will be covered by your home and contents insurance. However, this is not always the case.
Every home and contents insurance policy is different, so you must understand your own policy’s coverage and exclusions.
Many home policies only offer moving coverage as an optional extra on your policy.
Some policies cover your possessions during transit, but only if transported by a professional mover. Additionally, other policies will not cover a move that you conduct yourself.
The three main providers of removal insurance are traditional content insurers, removalist companies, and specialized moving insurers. You can choose to carry moving protection from any of these three sources.
Why Moving Insurance is Important
When you hire a professional removalist to conduct your move, you are essentially putting all of your possessions in the hands of strangers, which can be a bit nerve-inducing.
While you have likely done your research and hired a top-notch removalist company with only the best intentions for safely moving and delivering your possessions, you still need to purchase moving insurance for just-in-case scenarios.
All professional removalists should be insured. However, they may not be legally responsible for an accident with your goods during the move. This means that if a mishap does occur during your move, you may end up the loser.
Removalists are not responsible for accepting all loss or damage incurred during your move. For this reason, purchasing a separate moving insurance policy is vital.
Removal insurance policies are priced based on the valuation of the goods you are transporting. Most policies are relatively inexpensive compared to the coverage and peace of mind they provide you in the case of a loss.
Don’t get caught uninsured and paying for damages from an accident during your move. Purchase a moving policy for your next move to give yourself peace of mind that your belongings are protected.