Are your things insured when you move to the Outer Banks?

  •   insuranceDoes homeowners insurance cover your items when you move?
  •   When your things are in storage?
  •   When should you have insurance in place?
  •   When do you NEED to have insurance in place?
  • When does one policy cover and the other take over?

If you’re moving to or around the Outer Banks area, you may want to contact your insurance agent before you load up that moving truck.

Homeowners and renters insurance will cover your items from damage or loss, but maybe only while they are at the original dwelling – they may not be covered in someone’s pickup or in the new house. You will need to make sure with your agent there is no gap in coverage … because you never know when SOMETHING awful is going to happen and it usually does at the point it is not covered. Your agent will be able to walk you through what you need and make sure you have the coverage you need.

If you hire a professional moving company, they generally cover the items in their care. Moving companies may offer different options of coverage, including full value or released value.

According to the US Department of Transportation, Full Value is more comprehensive coverage but it may cost more out of pocket, whereas Released Value is offered at no additional cost, but may only cover your belongings up to 60 cents on the dollar. If you do opt for Full Value, be sure your estimated values are current. If your home inventory is accurate and have a comprehensive home inventory, that should be good. Be sure the company’s coverage is enough should something go wrong. You may want to check with your insurance agent BEFORE you move to make sure your items are covered.

What if things are going to go into storage? Some insurances only cover items in self-storage to 10% of your personal property limit. This certainly may not be enough to cover much of anything. This is definitely something you want to check into before lining the storage unit up.

If you worried about buying a home on the Outer Banks, call me – I have the know-how to make sure you have everything lined up so you have NO surprises after you close or during the move. I am ready to guide you through the home-buying process and am committed to fast, professional and courteous service to help you understand and feel at ease throughout the home buying process.

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