When you re moving to a new home, you ll have many details to consider. However, you shouldn t overlook vital insurance concerns:
* Home insurance. Any move could mean major changes to your homeowner s or renter s insurance. Ask your agent if your current policy can simply be transferred to your new home. In many cases, you ll need new coverage based on your new home s age, construction material, square footage, interior finishes, and type of roof.
Moving to a new state probably will require you to shop for a new policy. With any type of move, provide your agent with your scheduled move-in date so you can maintain continuous coverage of your old and new home.
* Moving insurance. It s vital to make sure that your household belongings will be covered during the move. Your homeowner s or renter s insurance probably will provide only limited coverage for household belongings in transit. Therefore, you should ask your moving company about insurance coverage.
Typically, the amount you ll pay is based on the weight of the items moved. Standard charges are about 30 cents a pound for in-state moves and 60 cents a pound if you move to a new state. Be sure to inspect your personal property immediately after it s delivered to your new home, note any damages immediately, and have the movers sign off on a list of the damaged property before they leave.
