Tips for Insuring Your Domestic or International House Removals
While moving is a really challenging thing to experience, domestic and international house removals are different beasts entirely. Though they will include a number of the same activities, there will be a number of additional considerations you will need to make if you are crossing borders and intend to bring many of your worldly possessions with you.
Below is a quick crash course on both domestic and international removals and what you need to consider when undergoing either of these challenging activities in the near future.
In addition to packing and relocating things to their new address, people often don’t realise the many different sides of relocating. Some might have some experience with DIY moving or relocating to another town, however, few have handled long, cross-country moving, let alone international moving between different nations and cultures entirely.
In terms of insurance, the key thing to remember is you can sometimes get away without fully comprehensive policies if you are moving within your country. You can add some additional diligence and protection by being extra careful with your property or getting friends and family to help you out. However, with international moving, so much will be out of your hands and house removal insurance is essential.
Valuing Your Goods
Valuing your goods and completing your inventory is an important step of your move, ensuring your goods are completely covered. Moving companies require that all household goods and other items appear on the inventory list in order to be insured. This will allow them to sufficiently calculate their risk and your premium cost accurately, which is generally based on the entire value of your goods.
Try not undervalue your shipment. It might be hard to get the process right for the first time, but if you undervalue any of your items, you could end up losing out if your items do actually get lost or damaged. Your insurer will only refund you according to the value of your shipment/item stated in your inventory records.
When you have to submit a claim, insurers will reimburse you depending on the declared value, so undervaluing your goods will result in insufficient compensation to cover the cost of repair or replacement.
Something what many people don’t do is calculate the purchase value of the items at destination rather than original place of purchase. You should always make the calculation based on what it would cost to replace the item in the country you are moving to as the price can vary greatly and you may end up having to pay more for something you could have bought for cheaper back home. As part of your general process, we recommend researching the cost of living in your country to inform many of your decisions when getting set up in your new life.
Declare High Value Items
Also, provide as much detail as possible and declare your high value items. If you own anything special or unique, such as music equipment or artwork, it can be incredibly hard to cover these items within the standard policies offered by shipping companies.
Often you will need to use a third party provider to give you specific cover for your items. You may not think this is necessary, but you could end being reimbursed a tiny amount for an item that actually holds extreme value within a specific field, trade or community.
Other high value items may only have sentimental value to yourself or your family. In these situations it might be hard to take out any insurance at all to cover their intrinsic value. We would recommend you take these with you in person when possible, or even consider leaving them in storage in your home country so they are exposed to less risk. Alternatively, you may be able to give precious heirlooms to family or friends who can keep them safe for you until you return home one day.
Finding the Right Domestic or International Moving Insurance
Once you have a general idea about what the moving process involves and what kind of moving company and insurance provider you need, make sure you do your research and read plenty of online reviews. There are many places you can see reviews and recommendations online. Be careful if you don’t see any information at all online from past customers.
Opt for Third Party Cover for Extra Protection
Often, the insurance provided through your moving company might not be enough to offer you the kind of protection you need. Luckily, there are many third party policy providers like the Insurance Broker that can provide you comprehensive protection for all your needs. The important thing is you achieve cover for all your items from the point they are packed up in your home until they arrive at your new destination.