4 min read

Is Moving Insurance Necessary Before Moving?

Is Moving Insurance Necessary Before Moving?

Book now — removalists services

Budget-friendly removalists. Trusted by thousands of customers. Door to Door delivery. Same Day service. Fixed Prices.
9.8 · 1,035 reviews
What are you moving?

One great way to determine whether a removalist is licensed or not is through the acquisition of an insurance policy. Moving insurance covers the risk of losses, damages, and uncertainties to your possessions during a move hence a moving insurance policy can help reimburse you for any mishaps during the moving process. 

Due to the COVID-19 outbreak, many were subjected to relocation to minimize their and their family’s exposure to infection and some were forced due to incapability to maintain their cost of living. Others have to sell some of their pieces of furniture to obtain additional money for their living expenses. Devastating results were faced by many during these trying times but despite everything that had happened, people still pushed through to the faint light coming out from the darkness.

What is Moving Insurance? 

Moving insurance is a safety precaution mostly from a third party, set to bear all losses and damages from moving. It is a concept wherein whatever is lost and damaged during the move will be reimbursed through a good amount of compensation. 

There are many different ways of moving, and there are also various coverage types for moving insurance available to protect your belongings. Here are some of such as follows:

1. Full value protection

With full value protection, the removalists are the one who will bear all the risk during your move and is liable for the total replacement value of your lost or damaged possessions in your shipment. If some of your possessions are damaged, destroyed or lost during the move, your mover has the option to either repair the item, replace it, or offer a cash settlement for the cost of the repair or the current replacement value of the item. Generally, this type of coverage is more comprehensive but more expensive.

2. Released value protection

With released full-value protection, there is limited coverage offered for your belongings. Though this coverage offers no additional cost, it only provides minimal protection. Most of the time, you’ll receive up to 60 cents per pound for an item in this type of insurance. Therefore, if your soundbox weighs a total of 8 pounds and is valued at A$800, you will only receive A$4.8 for the loss (60 cents * 8 pounds). Always remember that released value protection can only compensate you according to the weight of the item and not its actual value.

3. Separate liability coverage

In this kind of protection, a third party is involved. These third parties are the ones who will bear the other left risk from your hired mover during your move. But this type of protection comes with an additional charge hence while your removalist is still responsible for the released value protection, which covers only up to 60 cents per pound, this additional insurance policy will cover the rest of the loss up to the policy limits.

If you decide to purchase this kind of moving insurance through removalists or from a third-party provider, make sure you get the full coverage details in writing and understand what’s covered and excluded.

A necessity for a Moving Insurance

In short, moving insurance is designed to protect all your valuables when transporting them to a new location. Whether you plan to pay for professional trucks or temporary storage, moving insurance can ensure that your valuables are protected. 

The main purpose of moving insurance is to protect your valuables during the entire moving process. Hiring professional moving companies for your home move, motorcycle transport, car or even boat transport can facilitate you to move all your valuables, but their services cannot fully guarantee the safety and protection of your valuables. When signing a moving insurance contract, pay attention to the scope of valuation. If any of your valuables are damaged or lost during the move, this is the amount of liability that the removalist should pay you.

If you are in Australia and are currently looking for the best removalists to hire, Upmove is here to help. With just one enquiry, you can reach trusted and professional removalists Adelaide and removalists Perth, making your move easier and stress-free.

Book now — removalists services

Budget-friendly removalists. Trusted by thousands of customers. Door to Door delivery. Same Day service. Fixed Prices.
9.8 · 1,035 reviews
What are you moving?

What do our customers say?

Read reviews of Upmove to learn stories from our customers
Motorcycle Harley Davidson Sportster
Fairy Meadow, NSW
Collingwood, VIC
Reviewed 1 day ago
Awesome service, picked up and delivered as promised. Would highly recommend!
Kooralbyn, QLD
McDowall, QLD
Reviewed 3 days ago
Excellent work by Loyal. Very experienced, capable staff. I highly recommend them.
Darwin, NT
Unanderra, NSW
Reviewed 3 days ago
Awesome service door to door Answered all enquirers promptly Faultless service Thanks Jamie
East Bendigo, VIC
Lyndhurst, SA
Reviewed 3 days ago
Very good service Helpful and polite and good gear