Home Contents and Transit Insurance

Moving house can be a very exiting experience; they say a change is as good as a holiday. Most people find that the excitement they may feel is overshadowed by the stress that accompany moving house. Very often a move is brought about by a change in personal circumstances such as a divorce, death or starting a new job in a new place. All these experiences will just add even more stress, so much so that the actual move turns into a nightmare.

You need proper planning

Proper planning at this time will go a long way to make things easier and will help you to realize the positive side of the change. The best way to plan for any move is to start as long in advance as possible. Make a checklist of everything that needs to be done. On the internet you will find a number of sites that provide you with excellent checklists you can use.

Review your insurance needs

One of the first things you need to do is to review your insurance needs. One of the golden rules of all short-term insurance policies is that you should never assume anything. If you have householder content insurance you should not just assume that your content will be covered when moving from one house to another. Moving house is an ideal time to re-visit your content insurance by updating your inventory. There are probably items you will get rid off and new items you will buy once you have moved into your new house.

A floor plan of your new home

A good idea is to draw a floor plan of your new house and mark where your furniture will go. Very often people downscale when moving and a lot of your furniture will simply not fit into your new home. Get rid of it before the move, you will save on the transport cost and don’t end up in your new house with items you can’t accommodate.

Your risk profile may change

Your risk profile may change when you move from a low-risk rated area to a high-risk rated area and visa versa. It is therefore imperative to advise your insurance company or broker of your intended move, your new address and any changes in the amount of your content insurance. Don’t forget about your car(s). If your car insurance is with another insurer who need to advise them as well to ensure that you are still covered sufficiently. There can be a rather big difference in the car insurance premiums between your current address and your new one. Hopefully you are moving to a safer, and therefore lower risk area which will result in a reduction in your insurance premiums!

Are your belongings first going into storage?

The most important point: advise the insurance company of the date of your move and whether your contents will be in storage for some time. It’s no good insuring your contents during the move and you forget to tell the insurer that it is going to be in storage for a couple of months before you move into your new house!

What cover do you have?

Find out from your insurance company if you are covered during the move and exactly what is covered under your existing insurance. In most cases the insurance company will ask a special or additional premium to cover your belongings whilst in transit. Your insurance company may offer only limited cover during the move in which case you will need to take out separate transit insurance.

Transit Insurance

Transit insurance is offered by most removal companies, once you have chosen your removal company find out what they offer. Again, they may cover certain risks such as theft or fire but not when something falls from the truck. If you have sufficient cover under your existing content policy – against all possible risks during the move – you don’t have to take out the removal company’s insurance as well. Just make very sure of your facts. All-risk transit insurance will provide you with the biggest cover but it is very expensive.

Valuables

If it is possible, pack all your important documents and small valuables, such as jewellery into a container that you will keep with you during the move.

We wish you a successful move and many happy days in your new home.