First of all, we want to congratulate you on finding the perfect and new home for yourself. It is a time when you would be excited and nervous at the same time as you need to sort out a lot before the move.
The first thing to call the shots on would be if you are doing the move yourself or if you will be hiring packers and movers. Whatever you decide from the above scenarios, it is advisable to insure your personal belongings before the move. If you are unaware of the details of insurance policies, we will brief you about it.
There is a huge possibility of your home owner, renter or condo insurance could have very well provided you with an insurance before and during the moving process. You will have to go through the contract and terms to see how well it has covered your personal belongings and property.
Steps to get an All Risk Insurance Policy:
- Begin with the inventory list which is provided by the company. You should not miss out anything that is being moved and add it to the list under the apt category. An average will be estimated from the total number of items included in the list.
- Read the detailed instructions carefully and sign them. You should add your personal list of the items that are being moved. This is to increase the authenticity of the claim to be raised, if something gets damaged.
- A copy of the insurance will be provided to you after the completion of the above-mentioned steps. This has to keep safe for claims and more.
Advantages of All Risk Insurance Policy:
If you don’t intend to hire professional movers and someone else damages your property during the move. You could be using the help of your friends for the move and not be ‘hiring’ them. If damage happens at the hands of them, it could be covered by personal liability insurance. Else, they could compensate you through the voluntary property damage clause under the home or tenant policy. All this has to be checked in advance and not after the damage happens.
If you set up the new home all by yourself and cause damage, you need to have an open perils policy or all risks coverage. This will ensure safety from mistakes like dropping the TV while you move it or breaking a glass. It has to be accidental for the claim to be made.
If you create a checklist to see if all you need is covered by the insurance you are paying for. Your queries could include how long can this coverage be used, what sort of coverage will be needed from old to new home and more. It’s an important stage of moving. www.hudsonmovers.com suggests that paying the premium of the insurance should be done only after you are completely sure of it.
Your premium could shoot up if you make a claim on your home insurance. In several cases, it could be up to 40 percent and you could already be paying a huge sum as your premium. Do not try to club your move with an existing home insurance and we suggest you taking up another one. The insurance rate after the renewal of the policy could be manageable if it’s a separate policy.
