By Kurt Thoennessen, CAPI
You just bought a new home and have many tasks to handle and Insuring your belongings during the move is high on the list.
What if the truck carrying your belongings to your new home or Condo crashes and all of your furniture is destroyed? What if someone walks off with an expensive work of art and disappears with it?
How can you protect yourself from these risks?
The coverage can come from an in-force homeowners, renters, condominium or cooperative policy that you have for your current residence. Each one of these policies provides coverage for the named insured’s personal belongings anywhere in the world, which includes while it is in transit on the road, in the air and at sea.
Even though the home, renters, condo and coop policies provide broad coverage for your belongings during the move, there are a few details that you should be aware of.
I know this may seem like a lot to think about, but taking a little time before the movers arrive to figure this out can save you a lot of headaches and money should something unfortunate happen. As always, you should contact your trusted insurance advisor to learn how your policy will respond to a loss during a move.
I hope this information was helpful and the information made you better prepared for a possible catastrophe during a move.
If you do not have a trusted insurance advisor and would like to talk with me about your personal insurance, you can call me at 203-405-2645 or visit, InsureScope.com, to start a quote. I work with many high quality insurers including Chubb, Cincinnati, PURE Insurance, AIG Private Client Group, Travelers, Hanover Insurance, Central Insurance, and many others. Good luck with your move!
About the Author
Kurt Thoennessen is Vice President of Ericson Insurance Advisors and a Certified Adviser of Personal Insurance (CAPI). Kurt works with high net worth individuals and family offices across the country to develop and implement personal risk management strategies and insurance programs. He is also the founder of InsureScope.com, a new insurance buying platform designed for owners of luxury homes and other assets. Kurt can be reached at (203) 405-2645 or firstname.lastname@example.org.