When you move home or office, booking a professional removals firm has plenty of advantages. Not least among these is the removals insurance that many of these firms provide at little or no cost, depending on the package that you opt for. Moving insurance is not a legal requirement but you may well regret not having it in the event of loss or damage. Why take the risk of ignoring it? If something goes wrong, you can rest assured that the cost of replacing anything that is broken will be covered. Read on to discover what removals insurance is, what it covers and why you shouldn’t be without it at one of the most hectic times of your life – moving day!
What is Removals Insurance?
An insurance policy like any other, removals insurance is designed specifically to cover belongings that are being shifted from one home to another as part of a house, flat or office move. You might think that your normal household insurance covers your personal belongings against theft or accidental damage but few of them will do so when moving. This is because conventional insurance policies won’t cover items that are in transit or even being handled by removals operatives. You might only notice a loss of an item or damage that has been caused to it long after you have moved into your new home and this means that the old policy at your previous address would no longer be valid, anyway. The fact is that you don’t necessarily need to hunt around for your own moving insurance because any reputable removals firm will provide adequate cover for you. Some build their level of insurance into their contract whereas others make it an optional extra that is billed for separately. Either way, removals insurance will offer you something that is truly invaluable – peace of mind. Even the most hassle-free of moving days rarely goes without some hitch or another along the way. Why also give yourself the worry that you are under-insured or not insured at all when your entire household goods are on the move? In short, moving insurance allows you to relax a little on the big day, helping to reduce the stress levels that anyone who is moving inevitably feels.
What Does Removals Insurance Cover?
Firstly, removals insurance covers everything that the average homeowner will need to move from A to B during their relocation. Only very high value or unique items will fall outside of a conventional moving insurance policy and these should be insured by a specialist policy in your home anyway. So, unless you have a Rembrandt or a Picasso in your home that you want to move to your new address, you will be covered. Most professional moving companies will be able to supply the upper limit of how much a claim can be made for, along with a similar figure for their public liability insurance. In the vast majority of cases, this will 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 more, then ask what exactly is classed by accidental damage. Some policies cover things like scuffs and minor dents whiles others won’t. Some cover electronic equipment but not the loss of data that might be stored on them, so it is advisable to back up things like laptops and tablets, for example, just in case. It is also worth checking whether the removals insurance in question provides cover for so-called ‘acts of God’ such as lightning strikes. Again, some policies do but others don’t.
Goods in transit insurance cover
GIT is designed to cover your belongings against theft, loss or damage while they are being transported via vehicle. It can even cover them if they need to be left in the vehicle overnight, provided it is locked properly of course.
One thing to keep in mind is that while your removers may have insured their vehicle, the contents are another story. GIT is usually considered optional, though any reputable company should have it in place.
If you are making an international move, you will also want to ask about whether your remover’s policy offers European or international coverage. Obviously, there is a lot more that can go wrong when belongings are being sent halfway around the world!
It will also be worth letting your remover know if you are transporting any particularly fragile or valuable items, such as antiques. This should give them time to get additional cover if necessary.
Do I Need Removals Insurance?
If you don’t have many precious possessions, then you might consider moving without any removal’s insurance. If you opt to go uncovered, then bear in mind that any losses that occur will be down to you to meet from a financial point of view. Your removals firm won’t pay out if you find that something is accidentally torn, for instance, when it is in transit. That’s why so many reputable firms build in some 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. For some people, it is essential, but others a more willing to see what happens. However, it is worth asking yourself a single question before you decide to move without any form of insurance. Would you be in a a lot of financial difficulties if you needed to replace some essential household items immediately after moving into a new home because they were missing or no longer worked? If so, then the relatively cheap option of insuring them for the move is likely to be the best option.