What Does Renters Insurance Cover When Moving?

January 18, 2017

As life goes on, many factors in our life may cause us to make the move into a new home. Perhaps you got a new job, or you’re moving to a new place to start fresh. Either way, it is guaranteed that you will most likely move a few times through out your life. According to the U.S. Census Bureau, about 11.5% of the American population, or 35.7 million people aged over 1 year old,¬†relocate in any given year.

So if you do have to make the move to a new home, what happens while you’re moving. Will your insurance protect your personal property and belongings as you make the move? The answer is yes. Renter’s insurance¬†offers the usual coverage even when you are in the process of moving, and can cover you at either location until you are finished moving.

Somethings that renter’s insurance does cover while you’re moving include:

  • Damage to personal property by fire or lightning
  • Damage to personal property by theft, vandalism or malicious mischief
  • Another named peril¬†contained in your policy
  • Other perils under an open perils coverage

Insurance, however, will not cover:

  • Personal items that you break while moving
  • Personal items the movers break while moving

Just because your renters insurance policy doesn’t cover damage of broken objects during the move doesn’t mean you’re responsible to replace the property damaged. You have a few options.

First, if you used an actual moving company, the movers will be insured and bonded meaning that they are covered for damaging of stealing your things. If the movers are insured as they should be, their policy will contain some guidelines and provisions for what happens in the event that they damage your property or steal your belongings.

This can vary based on various factors such as whether the property was actively in transit, held in storage, or carried and moved into place, so it is best to call the moving company and look into the insurance.

What happens if you hire movers and they steal something from you? You have two options. You could make a renters insurance claim and your policy would respond to the loss. However, you also could potentially make a claim on the insurance carried by the moving company. Your outcome in this scenario would depend on the type and amount of coverage the moving company has.

Because of this, it is important to verify a moving company and make sure they are insurance, bonded and licensed according to your state’s requirements. You may see a policy number painted on the side of a truck, but don’t be fooled — that does not guaranteed the company has coverage! You can always obtain a current certificate of insurance from the movers or call the insurance company to verify.


Contributor: Smruthi Sriram
Sources: U.S. Census Bureau, Effective Coverage, Google Images