Does Homeowner's Insurance Cover the Cost of Moving?

As you surely know, homeowner's insurance covers not just your property but also your items. Contents or personal property insurance refers to the portion of your policy that protects your possessions. The cool thing about homeowner's insurance is that your goods do not have to stay in your home to be covered, so you are protected throughout a move.

Importantly, your homeowner's insurance coverage is tied to you, not your residence. This implies that when you move to a new residence, you change your existing policy rather than acquiring a new one. This is especially advantageous because there is no potential coverage gap while you relocate your goods from one location to another.

Coverage for Relocation Under a Homeowner's Policy

Your belongings will not be insured in every case during a relocation. Similar to damage or loss in your residence, the occurrence is only covered if caused by a covered risk. This indicates that the loss or damage was caused by an occurrence specifically listed in your policy.

Standard homeowner's insurance coverage typically covers the following perils:

• Tornado or hail
• Fire, lightning, or smoke damage
• Explosions
• Riots
• caused by aircraft or automobiles
• Vandalism
• Theft
• Dropping items
• Ice, snow, or sleet weight
• The unintentional release or overflow of water or steam from a plumbing, heating, air conditioning, automatic fire-suppression sprinkler system or a domestic device.
• Accidental and sudden tearing, cracking, burning, or bulging of a steam or hot water heating system, an air conditioning system, or an automatic fire-protection system.
• The freezing of a plumbing, heating, air conditioning, automated fire sprinkler, or home device.
• Accidental and sudden injury caused by intentionally created electrical current

Check with your insurance provider for specifics regarding the risks covered by your policy.

If any of these listed risks occur during your move and cause damage to your items, you are covered. For instance, if the moving truck is involved in an accident, you are protected because "damage caused by aircraft or cars" is covered under your homeowner's insurance policy. However, if your fine china was not adequately wrapped and breaks during the trip, that is not covered.

Restriction on Homeowners' Insurance

During the duration of your move, your homeowner's insurance policy's restrictions and conditions apply. The deductible (the amount you pay out of yourself before insurance kicks in) and limits on certain items stay unchanged.

How to Arrange Insurance for a Relocation

There is a tremendous amount of planning involved in moving. This planning should include contacting your insurance provider one or two months before the move. This allows you to review your homeowner's insurance policy details, alter your address, and discuss any other prospective policy modifications.