What is Moving Insurance? Cost, Coverage & Why It Matters

When faced with the stress of packing for a big move, the need to get transit insurance can often go ignored. However, protecting your valuable possessions is extremely important. 

Moving insurance (or transit insurance) is designed to protect your valuable goods and furniture if loss or damage occurs when they are being transported. This is extremely important for high-value items such as art, electronics, appliances, and furniture. Without moving insurance, if any damage befalls these possessions, then they are not covered and will need to be paid out-of-pocket to fix or replace.

While not every trip will need moving insurance, any move transporting high-quality items should be insured. This will help provide peace of mind and cover any accidents caused by rough transportation or mishandling.

How much does moving insurance cost?

The cost of moving insurance will vary depending on what and how much you are insuring. Who your insurer is also plays a part in how much you will pay. You can get insured with any of the following:

• Insurance providers
• Removalist companies
• Specialised moving insurers

What is and isn’t covered with moving insurance?

It is extremely important to check what your insurer covers when you buy moving insurance. Commonly, most insurers cover loss or damage to items during the packing, transit, and unpacking period. Some will also cover incorrect storage costs. It is important to check, though, as some insurers may choose not to cover certain items, particularly ones that are extremely high-priced, with basic transit insurance coverage. For example, valuable artworks may not be covered in a basic moving insurance policy.

What items should you insure?

Moving houses can quickly become overwhelming. Expensive furniture, technology, and other items are all at risk of being damaged during transit. Making sure your insurance covers high-value items is the entire point of moving insurance, but it may not be as easy as going with the cheapest insurer you can find. Televisions, artwork, and antiques are all things you need to make sure are insured.

However, they may not all be covered in every policy. This is because they are high-risk items that can be easily damaged. Getting insurance that works for your needs is vital. Depending on your removalist, they may already have insurance, which is why you must double-check what is covered so you can have peace of mind when transporting your valuables.

What makes PicUp different?

When you book your move with PicUp, you are covered with our public liability insurance and marine transit insurance policies with every booking. You are also covered by the genuine care that our haulers take with your goods.

With PicUp’s two insurance policies, you are insured against accidental damage or damage caused by negligence to all goods being moved during your booking. Our amount covered is $20,000 AUD per conveyance with marine cargo; transit insurance, and $10,000,000 AUD with our public liability insurance policy.

In addition, making a claim is easy with PicUp. If you wish to make a claim, just contact PicUp support at support@picup.com.au or call us on 1300 174 287. Just remember that all claims have to be made within 3 days of the incident taking place.