Essential tips for a smooth moving day
Summer is one of the most popular times to move in Canada. While having some sunshine on moving day can be a major mood-booster, the stress that comes with the process of moving homes can be anything but. Not to mention, the popularity of moving during this season means that the potential for claims is higher, making it more critical than ever for clients to have the proper insurance in place.
Anything can happen in the process of moving, so it’s important to be prepared for anything that could unexpectedly take place. To ensure your move remains as stress-free as possible, here are some tips to set yourself up for success.
Plan ahead and stay organized: Safety should always come first when it comes to moving and it starts with organization. Whether it’s while packing, moving or unpacking, it’s important to keep things orderly to reduce the risk of injury. Clearly labeling boxes and packing in phases can also help this process go smoothly. And while it’s always important to have pictures of valuables for record keeping, it’s even more critical when moving.
This will help to identify your valuables if they’re lost or damaged in the event of a claim. These items should also have appraisals as they could be needed in some cases to ensure proper settlement value.
Hire reputable movers: Heavy items such as sofas and dining tables should not be moved alone. If possible, hire a reputable moving company with positive reviews. It’s important that the movers are licensed and have their own commercial insurance. And it’s just as important that you have your contents insured, too.
Update the insurance policy: Whether you’re up-sizing or downsizing, it’s critical that your existing policy is updated to reflect your new address and needs.
When selling your home, it’s important to keep insurance in place until the new owners take possession, as vacancy can create significant restrictions on water coverages – even if the insurer is aware of the vacancy. It’s advisable to turn the main water supply valve off if the dwelling will be unoccupied temporarily.
Those who are renting should have tenant’s insurance in place to cover them for contents and liability. This will also ensure there is coverage while moving into your new home. Tenants insurance is valuable coverage, even when people don’t own a lot of valuable items, because it helps them build up insurance history. Also, many tenants incorrectly assume the landlord provides coverage for them.
Know the risks: On moving day, some of the risk has to do with items not being handled properly or stored safely. The longer a move takes and the higher the number of places items are stored temporarily, there is potential for damage. It’s important to note that if you’re placing personal items in a storage facility, restrictions and limitations on coverage may apply in certain situations.
Moreover, if you are given access to the property prior to taking possession, and you store personal belongings there, anything that’s stolen or damaged can cause you to be out of pocket if you don’t have a proper policy in place.
Mind the gap in condo policies: Clients moving into condos should also have coverage in place for upgrades, and loss assessment coverage. It’s important to be are aware of what the master policy covers and that you have additional protection for the unit – and storage locker, if applicable, in addition to liability coverage.
It’s never too early to talk about moving: Being prepared is always a great antidote to a stressful situation – the more prepared you are, the easier the move will go.