When you’re planning on moving, booking a professional removal firm offers numerous benefits. With removals insurance, you can rest assured knowing that any breakages will be covered. Keep reading for more about removals insurance, its coverage, and why it’s a must-have during one of life’s most hectic moments – moving day!
Estimated reading time: 5 minutes
Table of Contents
- What is Moving Insurance?
- What Does Removals Insurance Cover?
- What Does Removals Insurance Cost?
What is Moving Insurance?
Removals insurance is designed specifically to cover belongings that are being shifted from one place to another as part of a house, flat or office move. You might think that with your homeowners’ insurance, moving your personal belongings would be covered for theft or accidental damage. However, only a few select policies do so. The majority of conventional insurance policies usually won’t cover items in transit or even while being handled by relocation operatives.
Make Your Move Stress-Free to the Max
You might only notice the loss of an item or damage that has occurred long after you’ve settled into your new home. When moving home, the insurance policy at your previous address usually becomes invalid. The truth is, you don’t necessarily need to go searching for external moving insurance, as any reputable removal firm will provide a level of insurance coverage for you. Some build their insurance levels into their contract, whereas others make it an optional extra with a separate charge. Either way, removals insurance will offer you something truly invaluable – peace of mind.
The Way to Your Smooth Move
What Does Removals Insurance Cover?
First off, relocation insurance generally includes everything that most homeowners need when moving their stuff from A to B. Only very high-value or unique items in your home might require specialist insurance. So, unless you happen to own a Rembrandt or a Picasso that you want to bring, your insurance should provide enough coverage.
1. Accidental Damage Policy
Most professional moving companies in the UK provide clear information about the maximum claim limits for their relocation insurance, as well as the equivalent figure for their public liability coverage. In the vast majority of cases, this should be enough to replace everything you own in the extremely unlikely event of a total loss. If you want to drill down into the cover that is being offered a little deeper, then ask your moving firm what exactly they class by accidental damage. Some policies may include coverage for minor scuffs and dents, while others might not.
2. Valuable Belongings
Some moving home insurances cover electronic equipment but not the loss of any data stored on them. So, it’s a good idea to make backups of your laptops and tablets, just to be safe. It’s also worth checking if your insurance for moving house provides cover for ‘unforeseeable events’ such as lightning strikes. Again, keep in mind that some policies include this while others may not.
The Essential Question: To Insure or Not to Insure?
If you don’t have a lot of precious possessions, then you might contemplate moving without relocation insurance. However, keep in mind that if you choose to go uncovered, you’ll be financially responsible for any losses that may occur. Your removal firm won’t provide compensation if you find that something was accidentally torn during transit, for instance.
So before you decide to skip insurance for moving house, just ask yourself one thing: Would it be tough on your wallet if you had to replace some essential household items right after moving into your new place because they got lost or broke? If the answer is yes, then the relatively cheap option of insuring them for your move might be your best bet.
Insurance Included in Your Moving Quotes
That’s why so many reputable firms already build a good level of moving insurance into their quotations. Ultimately, the decision as to whether you feel you need insurance will come down to your attitude to risk. While some people consider it essential, others may be more inclined to take their chances.
Compare Quotes From up to 6 Moving Companies
After submitting our quote request form, you’ll quickly get an update, including details on any insurance included with the quoted services.
What Does Removals Insurance Cost?
Getting home or office relocation insurance for your ease of mind doesn’t have to break the bank. If you are going to purchase external moving insurance to supplement your removal firm’s coverage for any reason, then it may be best to shop around. Like any other financial product (e. g. savings accounts or life insurance), relocation insurance is sold in a marketplace. Therefore, the prices can vary according to the level of competition that is around at any given time. You may find some firms offer especially budget-friendly policies at certain times of the year to drum up business.
Choosing the Best Excess Level for Your Insurance
It pays not to go with the first deal that is put before you but to compare various policies. Remember that like other sorts of insurance policies (such as your car insurance, for instance) – those excesses tend to vary. The excess is the amount that is not covered within a claim. So, an excess of £100 would mean that it would only be worth claiming losses of items exceeding that sum. Generally speaking, the higher the excess level, the lower the cost of the policy.
Tailored Insurance Policies
In addition, some moving insurance can be cheaper if you let them know about any expensive items upfront, so they can adjust the policy to fit your needs. Going for full replacement coverage – which offers you total assurance – is the pricier choice forward.
What Is the Maximum Claim Allowance of Your Removal Firm?
Your moving firm should have some level of insurance available. You can verify a company’s coverage for your stuff in any quotes you get from them. And if you want the nitty-gritty on what the insurance for moving house includes, you can simply inquire with the service provider. The most important things to check with an insured removal company are:
- What is the maximum claim allowance?
- Is there any excess included within their coverage?
Bear in mind that reputable relocation firms often tend to maintain substantial coverage with their insurers. They can extend the advantages of scale economies to their customers, as they are insured for relocation jobs throughout the year.