All About Moving Insurance: What to Know and Why it’s Important?

moving insurance

Relocating homes or commercial spaces involves many challenges from packing to reassembling at the new place. While planning the move you may have lots of things in your mind, but most of you may overlook to think about purchasing insurance to safeguard your items. Moving insurance is a primary thing you need to consider while shifting as it protects your goods against any kind of damage to your household items and personal belongings.

There is always the possibility of goods damaged while moving from one place to another, especially if you plan to move by yourself as you may not have much experience in packing different items or know the proper techniques to properly lift and move them to load and unload from the truck. Moreover, there are also high chances of injuring yourself physically due to wrong lifting methods.

Things may turn out to be much better if you hire for your long-distance relocation as they use essential equipment and quality materials for secure relocation. However, no one can be truly prepared for unforeseen circumstances, and the same goes for moving companies as well; unexpected accidents or natural disasters can never be known and may occur at any time during a long-distance relocation. In order to safeguard your hard-earned belongings from damages and misplacement due to such events, professional moving companies offer complete insurance cover on your household goods.

Read on to know some of the important details about moving insurance, the different types, which goods will be covered & which won’t, and what are the things you need to do to claim the insurance on you damaged goods.

Types of Insurance Offered by Packers and Movers

In general, there are two kinds of moving insurance, they are:

#1 All-Inclusive Insurance

All-inclusive insurance covers every damage that occurred during the entire process of shifting which includes disassembling, packing, loading, transporting, unloading, unpacking, and reassembling the goods at your new home. This insurance policy is best advised for those who can’t risk the damage of even a small item of their belongings.

The cost of insurance will be 3% of the declared value of all your goods and professional movers and packers Mumbai offer the coverage on replacement of the lost goods or they pay the cost of the item as per terms and conditions. Although all-inclusive insurance may be a little expensive, it is advisable to go for it if you have to move many delicate and expensive items. Often, all-inclusive insurance is offered by the top reputed moving companies.

#2 Transit Insurance

Transit insurance covers any kind of damagesor loss that occursto your goods during the transit of household goods.Most packers and movers offer this insurance policy which will cover the damages that are caused due to Explosion, Earthquakes, Fire accidents, Collisions, Misplacement, etc.

Note: One thing to remember is that transit insurance doesn’t cover the damages that are caused before or after the transit. It covers only the damage that occurred during the transit.

Bonus Tip: If you plan to move on your own, you can also purchase transit insurance by yourself from a well-known insurance company.

Types of Goods that you can Claim on Insurance

Moving insurance is only applicable for some limited goods which are called common insurable goods. You can absolutely get the coverage on these kinds of goods as listed below.

  • Furniture
  • Home appliances
  • Electronic goods
  • Kitchen appliances
  • Cars
  • Motorcycles,
  • Garden appliances, etc.

Non-insurable Goods:       

There is some kind of items on which the packers and movers Navi Mumbai can’t provide insurance coverage.  It is strictly recommended to pack and carry those kinds of items by your to avoid disastrous damage to your valuables. Below is the list of goods for which you can’t claim insurance during transit.

  • Jewelry
  • Antiques
  • Fine arts
  • Perishable items
  • Medications
  • Valuables
  • Fragile items
  • Essential documents

Key Steps to Remember to Claim Insurance

  1. Check whether your moving company is offering Transit insurance or All-inclusive insurance.
  2. Collect the original copy of the insurance policy document from your packers and movers after paying for it.
  3. Go through every point in the terms and conditions section with complete attention before you sign the insurance policy.
  4. If you choose to take all-inclusive insurance from your moving company, then make sure to check whether they are licensed or not.
  5. Take a clean picture of all goods before and after transit to keep a virtual proof of the initial condition of your goods before handing them over to movers.
  6. Also, make sure to wipe clean your items to make it easy to identify damages caused during the move.
  7. Inspect all goods for damages as soon as they are delivered to your doorstep.
  8. Check working condition of all electronic goods, home & kitchen appliances before and after transit.
  9. Report any issues you face with your items or identifiable damages to your movers within 24-48 hours of delivery.

Moving insurance is the most important thing to consider while shifting your home or office. There is always a chance of damage to your goods during transit, especially if you’re moving over long distances. Therefore, it is advisable to buy transit insurance for your move or opt for all-inclusive insurance if you have many expensive and delicate items to be moved. Hire a reliable packing moving company for your relocation as they to get offer complete moving services along with proper moving insurance to cover all your belongings from any kind of harm or loss.

Cover your goods with moving insurance & enjoy safe and stress-free moving!