What is moving insurance? Everything you need to know

If you’re about to move soon, chances are you’ve probably heard or are thinking about moving insurance. For those who don’t know, insurance for removals covers all the loss and damage to your goods when you move. Whether that’s to the next block or out of the country.

Moving always poses a threat of damage or loss that is inevitable in most cases. While you may not regret the cheap broken candle stand, you may have a heart attack over a chipped table from Boca do Lobo. In these cases, moving insurance prevents you from shedding regretful tears.

A good moving company will offer a valuation that somewhat functions like insurance. This amount compensates for any damage or loss of your possessions during the move. Now that you know what it means, the following blurb will explain exactly why you need it.

How you should get Moving Insurance

Inquire from the company about any insurance for removals they have. A credible company will be more than happy to share its copies of the policy. Most companies have removals insurance but it's always better to do a little digging before you get quotes.

Most of these insurance policies cover unintentional damage or loss but there is a time limit. Make sure you are aware of all details contained in the small print because it will help you throughout the process should anything go wrong. Always check what the excess on the policy is.

Most companies have insurance cover as part of the initial contract

When companies are making the contract they include the insurance part. Check if this is the case and ensure that the removals company you are hiring has goods in transit insurance. This will cover your products as they are moved. The usual sum of these is only between £40-£50.

It’s always great to get your items valued beforehand especially the valuables. It helps in defining if you will need any additional moving insurance. Discuss the options available to you and check what the company will cover. These include:

Scratches, dents, or scrapes.
Financial documents
Also check if your move is covered under unforeseen circumstances like bad weather or delays, etc.

What the Insurance does not cover

There are some situations of circumstances that the insurance company does not cover. These are:

Packing of materials that are dangerous, fragile, or risky without the due knowledge of the company.
You will not be able to claim house movers insurance if you pack some of your possessions yourself. This means any damage to any items that were not packed by the company will not be covered.
Not telling explicitly the company (in writing) of any item or items that hold large value.
Any damages that might occur due to natural causes, like a hurricane.

So do you need moving insurance?

It all comes down to the value of your belongings, the number of items, and how far you’re moving. For your peace of mind especially if you’re moving to a place where the damage could be more likely to occur, getting one is never a bad idea.