Moving to a new home can be a busy and chaotic time. One thing NOT to overlook is what your homeowners or renters insurance covers during the move.
Are you hiring a mover, doing it yourself with your own vehicle, or renting a vehicle to move your personal property?, Your insurance coverage can vary with each of these scenarios, so read on.
If you're hiring a mover, it's important to understand the insurance coverage they offer. Many moving companies offer different levels of insurance coverage, such as basic coverage or full-value protection. Basic coverage is typically included in the cost of the move and only provides limited protection, while full-value protection offers more comprehensive coverage for your belongings.
If you're doing it yourself with your own vehicle, your auto insurance policy may provide coverage for your belongings while they're in your vehicle. Check with your insurance agent to confirm what's covered and what's not.
If you're renting a truck or van, you may need to purchase additional insurance coverage from the rental company to protect your belongings during the move.
And don't forget about liability coverage in case someone is injured during the move. Your homeowner's or renter's insurance policy may provide some liability coverage, but it's important to check with your insurance agent to confirm what's covered and what's not.
Last, take an inventory of your belongings before the move. This can help you determine how much insurance coverage you need and can also make the claims process easier if something is lost or damaged during the move.
Bottom line: Make sure you know what's covered during your move, what's not covered, and what the deductible is. If you have any questions or concerns, don't hesitate to reach out to your insurance agent and the moving company for clarification.