Move Without Worry!
Article revised on 29 May 2020
Moving soon? Hoping the big day goes off without a hitch? We hear you! As we all know, things happen. Especially on moving day! We’ve put together a few moving tips to help you stay on top of it all, throughout the upheaval.
1. Keep your insurance in force so that your property is covered during the move
As long as your current home insurance remains in force, your belongings remain covered under the contract, even while they’re in transit.
Are you planning to move gradually into your new home? No problem! The coverage applies for a 30-day period, unless you terminate your contract before the end of this period.
2. Make sure your former home remains adequately covered as long as you are responsible for the premises
Are you leaving your apartment before the end of your lease? If so, inform your insurance representative, and have your civil liability insurance for the apartment maintained until the end of your lease. That way, you’ll be adequately covered if you are held liable for accidental damage to someone else’s property or if someone is injured as a result of a loss for which you are held liable. We’re thinking of accidents such as a tap that is left running after you leave, which could cause damage to the property of the tenant in the apartment below yours, resulting in a request for compensation.
Are you leaving your house before it’s sold? It’s important for you to know that not all of your usual home insurance coverage will apply when your house is vacant. Make a point of contacting your insurance company before you move to inform them of the change and find out what will and won’t be covered after you leave.
3. Get coverage for your new home as soon as you become responsible for it!
As soon as you know the start date of your lease or the date that you’ll take possession of your new residence, start taking the steps necessary to ensure that your new home insurance coverage becomes effective as of that date. When you call your current insurer or request a quote, make sure you have the features of your new residence handy. You’ll need it to determine the coverage required and your premium amount.
While you’re at it, also inform your auto insurer of your change of address!
4. Get adequate coverage for any belongings you’re putting in storage!
If your residence is insured with La Capitale, any property you have stored in a residential storage facility will be automatically covered by your home insurance policy. A word to the wise: Not all insurers cover stored property under a basic home insurance policy. It’s essential therefore to ask your home insurer if any stored property will be covered.
5. Plan how you will transport your property, and get adequate coverage
Will you be hiring a mover? If so, ask if the moving company’s insurance will cover your property while in transit. Ideally, get the name of the insurance company and the policy number, so that you can verify the accuracy of the information provided.
Will you be renting a truck? Your property will be covered by your home insurance, if you have such coverage at the time of the move. To be on the safe side, ask your auto insurer if you’re covered for damage to a vehicle of that type. Even if you have an endorsement for vehicles that do not belong to you (Q.E.F. No. 27 – Civil liability resulting from damage to non-owned automobiles endorsement including automobiles provided by an employer), there’s a good chance that this additional coverage does not apply to driving a rented moving truck. In fact, this endorsement does not usually cover utility vehicles.
Will you be borrowing a friend’s pick-up or trailer? To ensure you are adequately covered, call your auto insurer before borrowing such a vehicle. If you borrow a pick-up truck, review your auto insurance contract to see if it includes the Q.E.F. No. 27 endorsement for damage to vehicles that do not belong to you. If you borrow a trailer, find out first if your insurer is willing to cover a trailer of that type.
Moving is not a piece of cake! It involves a lot of organization and planning. We hope that these few tips will help you have a worry-free moving day!
Wishing you all the best before, during and after moving day!
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