Moving house comes with a few stresses...will it all go through? Will you get your whole home packed in time? Will you remember to clean the oven for the new owners? Which box did you pack the tea bags in?
It's not the easiest of times, especially if you have a family or you're moving hundreds of miles away. ...but even if you’re just moving up the road, it’s tough.
One thing you don't want to be worrying about is the safety of items you're taking with you. There's enough on your mind – managing the kids, dogs, cats, guinea pigs and a goldfish – let alone fretting about what happens if your dining room table breaks a leg. So make sure you've got all your worldly goods covered with the correct insurance when moving home.
Does your current policy cover you?
Take a look at your current home insurance policy – it should tell you if your items are covered when you are moving house. If you're unsure then it’s probably best to give your insurer a call and ask them to confirm. They may be able to add the cover on if it’s not included in your existing policy. Be aware, though, usually you’ll only be covered if you use a professional removal firm. As an example, using your brother-in-law and his van may not be covered.
Items in transit policy
Your current insurer may also offer you 'items in transit' cover, but if not, the removal firm will normally be able to offer this insurance when moving house (usually at an additional price).
Watch out though, your breakables will only be covered if they've been professionally packed; jewellery, watches and important documents may be excluded, so you'll need to check the policy with your insurer or the removals company. You might prefer to take high value and essential items with you in your own car.
Insuring items in storage
If you're not moving into your new home for a while, you'll need to store your belongings somewhere, maybe your relatives or friends are storing things for you, in which case, your items may be covered by their own home insurance. That said – it’s really important that they check their policy cover, and if you have very expensive items it may be worth insuring them individually.
If you're using a professional storage facility, check with your insurers about what cover they can offer, otherwise most self-storage companies will offer their own insurance.
Insuring the bricks and mortar
When you exchange contracts you usually become responsible for the 'bricks and mortar' of your new home. So you'll need to organise your building insurance to start on the contract exchange date. You'll probably still be living in your old house at that point, so there'll be an overlap – don't worry, your insurer will be used to this and it should be no problem.
Your insurer will want to know the rebuild value of the new house. This isn't the market value – it’s the cost to build a house rather than buy a new one, this can be found on your valuation report, it excludes the cost of the land it’s built on too.
Before you buy insurance for the new property, do a quick comparison search with us. You may decide you want to use another insurer for your new property if it offers better value for money. Your old insurer will probably charge you a cancellation fee (remember don't cancel until you've moved out) but it could be that the savings you make with your new insurer still make it worthwhile switching.
Keep everyone up to date
Whether you stay with your new insurer or choose another, you need to keep everyone updated. If there is any change to your completion or moving date, it’s important to let both insurers know.
Once that’s sorted, it’s one less thing to worry about. Now, where are those tea bags?!