1/11/2024 0 Comments Renters insurance binderWhile your policy at your old home is still in force, your coverage should still work the way you expect. While you're packing your possessions, losses that occur may be covered by your homeowners insurance. Here are several common scenarios we look at to see how your policy could provide coverage during the pre-move stage, when your property's in transit, and after you move. Your property goes through a few stages during a move. Your personal property may or may not be covered for losses during a move unless you take steps with your insurance policies or have the right coverage in place. With every move, comes planning, packing, hiring movers and seeing which friend has a truck.īut what about your personal property and how you protect it? Homeowners insurance could be an afterthought in the moving process, but it shouldn't be. Census Bureau reports that since 2017 nearly 10% of Americans move each year. Or they may be first-time buyers moving from their apartments or rented homes. They may be selling a home to purchase a new home. While your local housing market may be heating up or cooling off, Americans are on the move. Across the country, it seems like the moment a for sale sign goes up, there's a sold sign that quickly follows.
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