Moving home could be more costly than you think

20th November 2013

As the housing market shows signs of recovery, Gocompare.com warns home buyers thinking of moving themselves to check their home insurance.

Most policies will only cover your possessions during a removal if they are packed and transported by professionals.

The price comparison website compared over 300 home contents insurance policies and found that while most (80%) provide cover for belongings during house removals as standard, and 10% offer it as an optional extra, this typically only applies if they are undertaken by a professional furniture remover. In addition, breakables such as glassware and china are generally only insured if they have been professionally packed.

The comparison revealed that:

  • One in ten policies only cover contents during house moves as an option with accidental damage cover
  • 10% of policies don’t provide any cover for home removals
  • Valuables including money, jewellery, watches, deeds and other documents are usually excluded from cover for home moves
  • Cover for contents held in storage during a house move is restricted, with some provider’s specifying a certain number of days to no cover at all.

Mark Greening, head of home insurance at Gocompare.com, says: “Home removal is an area people look to make savings by either opting for a complete DIY move, or arranging transportation through a professional firm but undertaking the packing themselves. But it is not uncommon for heavy pieces of furniture or fragile items to be damaged during a move, so DIY options could turn out costly if your belongings aren’t insured.

“Whatever approach you decide on, you will need to contact your home contents insurer to let them know of your plans. They will be able to let you know what cover, if any, is provided for your possessions while they are being moved and point out any limits or restrictions.”

2 thoughts on “Moving home could be more costly than you think”

  1. James Harrison says:

    Moving in new place is really costly but you may decreases the moving cost with the help of planning & estimated moving cost.

  2. Really impressive article and good information shared by you mate. Yeah it could be costly but you have to make a better plan. Some very important points you have revealed here.

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