keep your possessions safe during your move

Getting the Insurance Coverage You Need for Your Move

Here’s what you need to know about getting coverage during your move.

Are you planning on moving into a new space this summer? If so, it’s important to understand what your existing homeowners insurance in Plano, Texas can do for you during this transitional period. So, what exactly does your insurance cover and will this coverage be enough? Here’s what you need to know about your homeowners insurance during a move.

What’s Covered?

If you have homeowners, renters, or condo insurance, then you may have some protection for your personal items during a move. There is a special clause in some policies that provides coverage for your belongings while in transit or while in temporary storage. However, keep in mind that this clause is subject to certain conditions and could be limited in scope. The best way to determine the extent of your coverage is by speaking to your home insurance provider about your specific policy.

How Can I Get Additional Coverage?

Many insurance providers offer the ability to add an endorsement to your existing policy or take out an additional policy to get coverage for your personal belongings during a move. Oftentimes these additional coverage options will protect you in the same way your homeowners policy normally does, however, these coverage options will not necessarily protect against damages caused by the movers. To learn the specifics of your additional moving coverages, you should speak to your home insurance provider.

Should I Get Insurance From a Moving Company?

If you are using a professional moving company, then you have the option to purchase insurance from the company. Generally, there are two coverage options: full value protection and released value protection. Full value protection will cover repairs or replacements to damaged or lost items. Released value protection will only include actual cash value coverage based on price per pound. As this usually results in 60 cents of coverage per pound, reliance on released value protection is not advised.

Here’s what you need to know about your homeowners coverage during a move.  Do you have further questions regarding your homeowners insurance in Plano, Texas?  Then don’t hesitate to contact the experts at Tri-Star Insurance/HUB International.  Our dedicated team is ready to assist you with all your insurance needs today.