Moving Insurance: What It Is & Why It Is Important
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Moving Insurance: What It Is & Why It Is Important

Apr 01, 2020 Moving is often considered as a chance to start your life on a fresh note or an opportunity to grow in your career/business. Whatever the reason is, there is no denying that moving is exciting. However, in the excitement, you should not forget the fact that it requires a lot of preparations. You have to spend a lot of time in research where you analyse the best removalists in Melbourne and the most experienced removals company. But despite having them on your side, there is no guarantee that your belongings will be safe. Things can be stolen, or they can get damaged due to an accident or natural disaster. In this scenario, moving insurance can be a great support. Here is some important information about moving insurance that you should know. Let’s have a look!

What Is Moving Insurance?

As the name suggests, moving insurance is designed to protect your items when you are moving them from one place to another. Even if you are paying for the rental truck or the temporary storage facility, the moving insurance ensure the safety of your valuables. Whether you are planning to move through land, air or water, the moving insurance gives you peace of mind that your belongings are safe and they will arrive at your place in one piece. This type of insurance covers a move within a state, between states and even international. So you can choose it as per your specific requirements. There are many insurance companies in Melbourne who provide moving insurance. Apart from insurance companies, there are also some reputed removal companies that also offer insurance to their clients. So, before finalising, you need to do some research on this subject.

Types of Moving insurance

There are different types of moving insurance, and all of them have different coverage. So, you can choose your insurance as per your specific requirements. The most common types of moving insurances are as follows. Released Value Protection: This moving insurance is the most basic coverage option that removals companies offer to their client. Although you don’t have to pay anything to your removals company to get released value protection, it is vital that the client asks for it and both the parties sign a contract. You don’t have to pay for the released value protection, but you also get minimal coverage. So, if you lost or damaged items during moving, it won’t be replaced or repair. Instead, you get compensation from the company. Full Value Protection: The other option for protecting your valuables is full value protection. This moving insurance is far more complete than released value. However, you must not forget that you need to pay a premium. It may have some limitations, but choosing the full value protections means the removals company is liable for the full replacement value of your items they are moving from one place to another. As the consumer, you need to calculate and declare how much your belongings are worth of and pay the premium for the coverage amount. Third-party protection: If you are not happy with the released value protection, you can buy a third party insurance policy. You can ask for additional coverage to protect your belongings from getting damaged or lost during the relocation procedure. Even if you purchase the policy, the removals company that has offered released value protection must compensate you. In third party moving insurance, however, expensive items like jewellery are not covered. Here, it is extremely important that who and how your belongings were packed. Thus, you should hire removalists in Melbourne to pack your items.

Importance of Moving Insurance

The main advantage of having moving insurance is that your belongings remain safe during the entire moving process. Even if you have hired experienced removalists in Melbourne, there is no guarantee that there will be no damages. If you are moving long distances, it means that the moving truck is also travelling hundreds of mile. And in such a long distance, there is always a chance of accidents. You might be paying some money as your premium, but you get the protection of your valuables in return. The best thing is that you don’t have to pay a massive amount. You can choose your insurance as per your specific requirements. And you should not forget that moving is already a stressful process. So by getting moving insurance, you can at least reduce some stress and focus on other essential aspects of moving.


Moving insurance is essential, but with so many companies offering this coverage, it is advisable to take your time to analyse and compare your options. Any moving insurance that is cheapest doesn’t always mean the best coverage. Once you have decided your moving date, start your research to find the best moving insurance. It will be a lot easier for you to find the best options if you are not running out of time.