Moving is a stressful process, and you have to take a lot of things into consideration. Your primary objective is to ensure that all of your personal items are transported safely to your new residence. However, accidents can happen at any time. A question that might come up is whether homeowners insurance offers coverage for damage that happens to your belongings during a move. Here is a look at more information to help answer that question.
The Simple Answer
The simple answer to whether your home insurance will cover moving damage is “maybe.” While your homeowners insurance policy does help cover your personal items in most situations, the loss must be related to a disaster that is outlined in your policy. Common disasters that are often included in home insurance policies are theft and damage to your personal items due to a fire. If your personal items are stolen out of the moving truck while they are shipped, you should be covered.
Your home insurance policy should generally provide coverage for things like if your moving truck is involved in an accident while transporting personal items, resulting in damage. However, there are a few scenarios that can affect your coverage limits during a move.
To help understand and deal with the complexities of the issue, here are some things that can help you.
Speak with Your Agent
Your agent should be able to help you figure out if your homeowners insurance covers moving damage. They can answer direct questions regarding your policy. Try to set up a meeting with your agent at least a month before your scheduled move. Speak with your agent about the type of coverage that your policy may provide for your move, as well as any policy adjustments regarding your change of address. Perhaps you may need to change your policy limits regarding your new home. Your agent can help make sure that everything is in place as you prepare to move, which will make the moving process run more smoothly.
Research Your Deductible
Your homeowners policy will still include your deductible. Your deductible is the amount of money you are obligated to pay before your insurance coverage starts. Make sure that you are aware of your deductible and take into account that any coverage for damage during a move will come into effect after you have met your deductible.
Check to See if the Moving Company Offers Any Coverage Against Damage
While your homeowners policy should cover damages caused by natural disasters, it won’t necessarily cover items that break during the moving process. You may have to consult with the moving company to find the insurance coverage that protects you if your personal items break. If you have expensive luxury items, these require a higher level of coverage than a traditional policy.
Learn Your Policy Limits
Make sure that you are fully aware of your policy limits, which outline the amount of protection your personal items have. There may be a lower limit for your items when they are away from your home. Speak with your agent to see how the policy limits vary according to the type of personal items that you have. You may need to purchase additional coverage if you have several rare and expensive items.
Going through the moving process can be stressful and complicated at times. One of your main priorities is ensuring that all of your belongings are transported safely to your new destination. Equally important, purchase the right homeowners insurance policy to cover potential moving damages. For more questions related to homeowners insurance, contact the experts at The Reardon Agency. We are ready to assist you with all your insurance needs today.
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