Have you ever wondered what your homeowner's insurance will cover during your move? It can be confusing to navigate switching over insurance to a new home and ensuring that important possessions and high value items are covered during the transition. Today I want to review some important info to ensure you have proper coverage and can have complete peace of mind during your moving process.
Home Insurance During the Move
Always confirm how coverage will extend from your homeowner's policy while your personal property is in transit. In general, here is how most carriers extend coverage while in transit:
- Coverage extends from a prior home/renter's policy while the belongings are in transit to a new home.
- The new home policy only provides coverage once the personal property has arrived at the new home.
- The personal property coverage only applies while in transit for covered perils: theft and fire, but NOT breakage.
Breakage & High Value Items
Check with the carrier to see if certain pieces need to be transported in a certain way for coverage to apply. For example, a $730,000 piece of artwork may require a special transportation company for coverage to apply while in transit.
Overall Recommendation
You may want to close the gap on coverage. Depending on your circumstances, you may want to purchase moving coverage.
If you have any questions or need me to clarify anything, please don't hesitate to reach out or call your insurance and moving companies!
