Moving? Protect Your ValuablesKnow the Gaps
Finally found the home you’ve always dreamed of? Bought a condo by the water? Moving to a different city for a new job and renting an apartment?
Well, that's exciting! But now comes the hard part: planning the big move.
Between sorting through years of accumulated stuff, squeezing all that stuff into boxes, hiring movers to haul it, and unpacking everything in your new place, it’s all too easy to have the things you really care about get lost or stolen in the shuffle.
Here’s how to keep your most prized possessions safe when you move.
1. Keep the important stuff close at hand
No matter how reputable your moving company is, ask yourself: would you leave your mother’s wedding ring or a decade’s worth of family photos in the hands of a stranger?
Probably not... right?
Take extra care of the personal belongings that are hard to replace, keep them close where you can see them, and transport them yourself. Some items include:
- Expensive jewelry and watches
- Electronics like laptops, computer hard drives, digital cameras etc.
- Family heirlooms and photos
- Coin and stamp collections and other collectibles
- Passports, birth certificates, driver’s licenses, social security cards, insurance policies, and other important documents
2. Take inventory
You’ve heard enough moving horror stories at this point to know that a lot can go wrong between point A and point B. You don’t want to arrive at your destination to find your precious china set misplaced or your treasured collection of sports memorabilia gone missing.
That’s why moving is the perfect time to take inventory of all your belongings so you can to keep track of everything you own to quickly pinpoint what’s missing when you unpack. While you pack, take photos and videos of your valuables and write down a description, so you have detailed documentation and photographic evidence to back up your claim in case you need it.
3. Pack paintings properly
You may have bought an expensive piece of art on your travels or own an old photograph that has been passed down through generations. If it’s framed, make a big “X” with masking tape over the glass – it can help keep glass from shattering.
4. Ensure you have the right coverage
Before you move, it’s a good idea to revisit your homeowners insurance policy to size up your personal property coverage.
Typically, homeowners insurance covers belongings up to a certain limit. But when it comes to expensive or unique valuables, those limits may not be enough to fully cover the cost of replacing them.
Imagine if a cherished necklace from Grandma Rose worth $5000 was stolen during a move, but your policy only covers jewelry for $2,000 against theft?
That’s a major coverage gap!
Start by evaluating how much your belongings are actually worth (Consider having your more expensive stuff professionally appraised to know their current market value) and then speak to a Farmers agent to find out:
- Is your move covered under your current homeowners insurance policy?
- Does your homeowners policy provide enough personal property coverage to fully reimburse you for the cost of items that are lost or stolen during a move?
- Do you need to increase the limits on your policy or purchase a Personal Articles Floater to cover high-value items such as jewelry or art?
Before the big move, talk to a Farmers agent, who can conduct a free Farmers Friendly Review of your current coverage. Together, you can help spot gaps in your coverage, and possibly prevent problems before they become costly claims.
The information contained in this page is provided for general informational purposes only. The information is provided by Farmers and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to this article or the information, products, services or related graphics, if any, contained in this article for any purpose. The information is not meant as professional or expert advice, and any reliance you place on such information is therefore strictly at your own risk.