Insuring Your Move

It is always advisable to insure your belongings when moving house, and most people take up the insurance offered by their mover, as this is specifically designed to cover the risks involved.

Checking the Cover

Depending on the type of cover chosen, you will probably find that the insurance premium will be approximately 1-2% of the declared value of your goods. Check what is covered, and ask the company to provide a list of any exclusions. Most policies cover on a replacement value basis (new for old), although there is usually the additional option of insuring on an indemnity basis (like for like - with an allowance for age, wear and tear). You should bear in mind that breakables are normally only insured when they're packed by the removal company. If you pack anything yourself, it will usually only be covered for theft or loss.

Keeping Your Valuables Safe

• Consider keeping your valuables secure by renting a safety deposit box while you are moving.
• Photocopy your important documents and leave the originals in a safe deposit box.
• Make a record (video or photo) of all your valuables for insurance purposes.
• If you're transporting your valuables yourself, make sure they are covered by your home contents insurance while in transit.

Making a Claim

If you spot any breakages or damaged items as they are brought into your new home, note them down before you sign the delivery bill. However, it is not always possible to check everything on delivery, and you may find additional damaged items as you unpack. Some companies require you to submit a claim within a few days, others may give you a week or two, so read your contract carefully. Make sure you send a claim by registered mail.

You should note that some insurance companies apply deductibles of around 1% of the total shipment value. This means that if your shipment is valued at $50,000, claims must be over $500.