Insuring Your Next Move

In the past, there is some adversity, no matter how slight it is, towards insurance premiums especially if we do not get into any accidents, sickness or the like. But as we progress into more sophisticated needs, we realize the importance of insurance. We have progressed from just sickness, life and accident insurance to travel and home insurance. Now, with more and more valuable belongings that... [more]

In the past, there is some adversity, no matter how slight it is, towards insurance premiums especially if we do not get into any accidents, sickness or the like. But as we progress into more sophisticated needs, we realize the importance of insurance. We have progressed from just sickness, life and accident insurance to travel and home insurance. Now, with more and more valuable belongings that we have at home (and quite expensive to replace them, not because of the money, but because of the time we spend looking for exactly what we want), we realized that shifting these from our old home, to the self storage facility and finally, to our new place, there is some uncertainty between the travel time and the packing, loading and unloading. This is why we realized the importance of insuring our next move. More and more people are requiring insurance for their move, especially for those who have valuable items. Some require insurance during the period where their items are placed in self storage facilities, to protect these from spoilage due to sudden change of temperature (insurance companies, though, need the self storage facility to have a feature to control temperature), theft, break-in and handling. Thus, more and more self storage facilities have engaged specific insurance companies to have product offerings that could answer these specific needs. Clients realized this based on experience. They say that even if you take all the right precautions when packing belongings to send to your new home or storage locker, you can still be unlucky and find damaged items. That is why you can take out specific insurance policies to protect the value of your household items during a move. Just to give you an idea of what are the most common ways (and information needed) to insure your goods in transit: ● A set value - usually what you declare the items to be worth in total (as a group). ● Assessed Value - this is better for expensive goods such as antiques or jewelry as you will be covered for the actual worth of the items, not a set amount. ● Comprehensive - this is the best type of insurance but it will cost you more. This will cover lost, stolen or damaged property and usually pays for a replacement or repair. Before checking insurance prices, make sure you have a complete list of your goods and their estimated value. If you are unsure of the value of a particular item, ask the insurer for a quote to avoid being over or under insured. Research is key in almost everything, especially when you move from one to another. When it comes to insurance, it is best, too, to scout the market. You can search on the web, but it is also best to get a good recommendation from your self storage company or professional movers. They have already built a good relationship with these insurance companies and may have referred a number of clients that as another client, you can get referral discounts. Do not hesitate to ask from them for any reference. Apart from the savings you get from the referral, you know that your insurance company trusts your movers and self storage facility by insuring your items. [less]