Homeowner’s insurance and moves

You may already know the details of how homeowner’s insurance applies to your current home, but do you know how it applies as you’re moving to a new home? It’s smart to learn about this before thinking of purchasing any sort of moving insurance. You want to make sure that you still receive coverage during your moving process.

 

Moving Insurance Deductibles

If you still need to pay 1000$ for any potential losses or damages before your insurance, you will still likely need to during your move. The deductible might be raised through – so make sure to ask how much your insurance covers while your stuff is in the moving truck, as well as when it’s being moved into your new home.

 

Limits of Insurance

Find out whether your insurance plan has any maximum possession limits, or if it has less coverage when the item is outside of the home. You might have already purchased extra insurance for valuable items, but even with these separate plans, you need to be certain of what sort of damages it protects you from.

 

Moving Breakages, Damages, & Theft

If your items are stolen from a moving truck, or the truck get into an accident – yours, as well as the moving company’s insurance should be able to fully cover it. However, your insurance will probably not cover any damage that happens during the move like drops, rips, and tears. You can get supplemental insurance for particular valuable items if you really want to protect them, or you can decide to purchase moving insurance – which can be worth it to protect the items not covered by your homeowner’s insurance.

 

Changing Premiums

Your premiums might change based on lots of criteria like if you’re crossing state lines or if you are moving to a much smaller or larger home. Make sure to talk to your insurance agent to figure out if any of these changes will happen, and how they might affect your insurance coverage during the moving process.

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