Moving home may, even for a short time in transit, significantly change your risk profile.
That means you need to be thinking about your insurance cover when you first start talking to furniture removals companies. Here are some of the most frequently asked questions on this subject.
Will my household goods be insured in transit?
There are two potential sources of insurance cover for your items when you’re moving home:
• Your existing household contents policy
• The cover provided by your household removals company.
Some household contents cover will continue to offer protection for your goods if they’re in transit between old and new addressees. Some might not though – so there’s no alternative but to ask your insurance provider to confirm.
Your removals company will have certain types of insurance in place as part of ‘the price’ but check with them to find out what that covers and how much protection it provides.
So, I should be covered then?
Well, no, not necessarily!
It depends upon what you consider to be the ‘risks’ involved.
For example, let’s assume your removals vehicle arrives at your new address only to find the road is closed due to flooding or a landslide. The vehicle then has to depart and come back another day, having stored your items in the interim. That’s going to incur a lot of cost for you and a typical household policy won’t cover that sort of thing.
So, you may wish to consider specific removals insurance.
What happens if my removals company drops something of mine and breaks it?
Typically you will be able to claim against them and their insurance.
Note that they may limit their liability to certain specified amounts and there may be the traditional new-for-old or market valuation replacement debates. Ask them in advance just what their cover includes.
Would that apply if I drop and break something?
It’s unlikely your removals company will accept liability for your accidents!
However, your own removals insurance (if you have it) or possibly your household contents cover MAY have accident protection included. Once again, you’ll need to check.
Will my valuables be covered in storage?
A lot will depend upon what they are and just how valuable they are as part of that.
For example, some insurance may exclude altogether certain types of goods from their cover if in storage. Things that come to mind might be jewellery, highly valuable antiques, very valuable collections (e.g. medals) and so on.
In other cases your policy might apply a maximum limit to a claim for any one item being stolen, lost or damaged of say $1,000.
Yet again, the only way to be sure is to check the specifics of your policy.
A special note here is that some policies may not offer cover for goods in storage unless the facility concerned meets certain minimum standards for things such as security and environment protection. Just depositing your goods in an open warehouse might cause your insurance provider some serious concerns and that could leave you financially exposed without insurance cover.