When it comes to moving insurance, there are several options. However, it is always best to choose the one that best suits your needs. Considering this, it is up to the client to assess which insurance policy they are most interested in according to the characteristics of the move, the possible costs associated with the repair or replacement of belongings, the economic or even the sentimental value.
For this reason, we share with you all the types of insurance that exist for your belongings during a move.
👉 Before continuing, we recommend you click here to learn everything you need to know about moving insurance before hiring it.
Extending your home insurance
If you have a home insurance policy, you can use it when moving house. It may even cover the move or relocation if the policy is multi-risk, so it is advisable to study it carefully and find out about the insurance company you have.
Some insurers have restrictions and only cover part of the goods being transported, so make sure to check with the insurer. It is also a good idea to check if you have contracted coverage in case your goods need to be in storage for some time.
However, if the policy does not include this coverage, you can contact the company as most usually provide the option of an extension. Most commonly, this option is even cheaper than taking out new insurance.
As you can see when moving house, all items being transported and their value must be fully reflected in the insurance. This will help you to be clear about your inventory of belongings so that you can select the insurance that fits your specific requirements.
Civil Liability Insurance
One aspect that distinguishes a professional moving service is liability insurance. This insurance is mandatory for all moving and household goods transportation companies. It is therefore very important to make sure that the moving company you hire has this type of insurance.
However, this insurance has limitations and does not cover your goods, so it's recommended to have a specific insurance if you have valuable belongings. If you don't, and in the event of damage to your goods, the company's insurance coverage will not cover its actual value.
The civil liability insurance only covers all the damages that the objects suffer during the move and in the house. This way you don't have to worry about damages to walls, doors, elevators, etc.
Transportation Insurance
This coverage covers any damage that the goods may suffer during the journey from one address to another and is usually included in the moving service itself.
This insurance must go hand in hand with civil liability insurance. This policy is mandatory for all companies involved in the transportation of household goods and moves, so make sure that the company you hire has this insurance. Otherwise, you cannot guarantee that it will cover or respond to possible damages or losses.
However, in this type of insurance they usually cover an amount of money per kilo/weight. So, if you need to cover damages to your high-value belongings, it is recommended to contract a more specific insurance.
Also, consider that, in case you need to claim damages to your belongings, you should leave it reflected in the inventory that you sign with the carrier at the end of the move. If the damage is identified later, 24 hours is usually offered to claim it.
Specific insurance
Taking out a specific moving insurance policy allows you to insure your goods based on their current market value. This requires providing the moving company with documentation reflecting the value of each item and the year it was purchased. This considering that everything depends on the type of merchandise, that is, an example would be technology that loses value as the years go by.
In other words, the best way to move is to have a concrete idea of all the items you are moving to reflect them properly. This provides an overview of the value and characteristics of your goods to choose the most convenient insurance.
In order for your household goods to arrive intact in your new home, whether in the same area or in another country, consider that the best way to achieve this may be to hire a professional moving service that guarantees the safety of your most precious memories and belongings.
👉 When making a decision and starting the moving process, visit our article where we share the best tips for packing each type of your belongings.
