As exciting as it is to buy a new home, the moving process can be quite chaotic. There are numerous details to consider as you finalize the sale of your old residence and prepare to pack up all of your belongings. In the midst of everything that must be taken care of, it’s important to make home insurance a priority. An update to your coverage will be necessary, but it may be confusing to figure out how to properly handle the changes. Below are the answers to some common questions homeowners have about protecting their property during the relocation process.

FAQ About Home Insurance & Moving 

Do I have to get a new policy?

Each home insurance policy is written specifically for the property it’s meant to cover. Therefore, the policy you already have can’t be transferred to your new home. Your provider will need to make modifications based on factors such as the location, square footage, age of the house, and safety features. Additionally, if you’re moving to a different state, you may have to switch insurance companies, as not all are licensed to offer policies in every state.

When should I cancel my old policy?

To prevent any gaps in coverage, leave your existing policy active until the sale of your current home has been completed. Don’t go by the closing date because these are frequently postponed. As long as you’re still the owner, you will be responsible for any issues that arise. Therefore, time the cancellation of your old coverage according to the beginning of your new coverage. 

Are my belongings covered during a move?

Most standard home insurance policies will cover your belongings during a move if they are stolen or damaged in an accident. However, they typically don’t include coverage for items that get broken while being transported from one residence to the next. If you have movers, their insurance should cover this; otherwise, purchase supplemental moving insurance. 

Will my premiums change with the move?

The price you pay for home insurance depends on a number of considerations. If there is a significant difference between the overall condition and features of your new home and old one, your premiums may increase. Your coverage costs could also become more expensive if you’re moving into an area with a high crime rate or severe weather or you’ve acquired more possessions. 

To ensure your new home and belongings are sufficiently protected, consult an agent about your upcoming move. The home insurance experts at Consolidated Agency can make the appropriate adjustments to your coverage and find you the best rate available. They have been providing residents throughout Monroe County, NY, and the surrounding communities with quality products from a variety of reputable carriers since 1988. Call (585) 467-4110 to discuss your questions, or visit them online for more information about their services.