Moving to a new home is exciting and hectic. Packing, finding movers, and settling into your new place can take all your energy. However, an important aspect you cannot afford to overlook during a move is insurance. From updating your current policies to shopping around for new types of coverages, it's wise to keep insurance high on your priority list.
Whether you're a homeowner, renter, or vehicle owner, here are some considerations and recommendations to help ensure you stay protected from unexpected financial burdens.
Homeowners or Renters Insurance
There are different types of home insurance coverages, such as homeowners and renters insurance. While there are many differences between the products, they do both provide protection for your personal belongings. However, don't assume your belongings will be covered while you move or at your new address.
If you currently have a home insurance policy, check if it covers damages or losses during the actual move. You can review your policy details, ask your agent, or speak to your insurance company directly to get clarity.
A licensed agent may also be able to help you secure insurance that protects your belongings during transit. If you've hired a moving company, they may offer some type of insurance coverage option as part of their contract as well.
Before your move, contact your insurance company and let them know your new address and move-in date. You will most likely need to purchase a separate policy that covers your new home. A licensed agent can help you understand the type of coverages and amount you may need, including any additional coverage you may need such as flood, earthquake, umbrella, or something else.
Our licensed agents can help you secure a new policy for your new home. Request a quote online or call us at (844) 358-5605 to discuss your home insurance needs.
Moving is also a great time to review your home inventory (or create one if you haven't yet). A home inventory is a thorough list of all your belongings, proof of value, pictures, and other documentation. In the unfortunate event that you must file a claim on a homeowners or renters insurance policy, your home inventory will make it much less stressful. The Insurance Information Institute offers their expert advice on how to create a home inventory that may be useful.
Auto Insurance
A new location will likely impact rates and possibly coverage for your personal auto insurance. If you're moving to a new state, you will have to purchase a new policy and cancel the current policy in your former state of residence.
Auto policies also take into consideration the vehicle's use (personal use, business use, rideshare or delivery use), parking/garaging situation, and many other factors when calculating premiums. A move will likely impact your premium.
Sometimes it makes most sense to shop around for a new auto insurance policy when you move, especially if you move to a new state or if your vehicle use and garaging situation are changing drastically.
InsureOnline.com's licensed agents can help you find the proper coverage at a rate that makes sense for your budget. They can explain any new state laws you need to be aware of and help you explore your options. Give us a call at (844) 358-5605 to discuss or visit our website for a fast, free quote.
If you move to a new state, keep in mind that states typically have strict deadlines for updating your vehicle registration and driver's license. You want to make sure you meet those deadlines to avoid any legal consequences.
Health Insurance
Moving may mean finding new health care providers that are in-network at your new location. Depending on your situation, you may need to update your address on your policy or update your Human Resources department at work with your new address, if you're on a company-sponsored plan.
If you switch employers, you may be offered new health insurance coverage and will likely need to review their options to select what works for you.
Sometimes what's offered on a Major Medical insurance plan is not enough, and you may want additional coverage beyond what's provided.
InsureOnline.com's licensed agents can help you find supplemental health insurance plans to provide additional peace of mind and financial protection for certain health situations. Critical illness, telemedicine, and accident hospital indemnity are some of the supplemental health insurance coverages we can help you secure.
If you're considering adding supplemental health insurance coverage, call us at (844) 358-5605 or request a quote online to get started. We'd be happy to discuss your health insurance needs and options.
Life Insurance
Moving is a great time to review your life insurance policy as well. You may need to update your address with your insurance company, so they have your most current contact information. It's also a good time to review your policy beneficiaries to ensure everything is as you wish.
If your life insurance is through an employer and you're changing employers, your policy may automatically cancel when you leave your current company. In some instances, there may be an option to transfer the policy or convert it to an individual plan.
Moving is a major life change that comes with many logistical challenges. Take time to review and update your insurance policies to ensure you, your family, and your assets stay protected in your new home.
About InsureOnline.com
InsureOnline.com is a digital insurance agency that provides affordable insurance to consumers who want to shop and purchase insurance online while still having the option to work with an agent if they wish. The agency offers auto, home, life, health, and commercial as well as other specialty lines of insurance. Our goal is to provide an easy, fast, convenient, and safe online shopping experience for consumers looking for the best price by utilizing all the latest and greatest technology. Based in Bedford Park, Illinois, we are licensed to write business in many states and have a multilingual staff licensed and certified in a variety of insurance lines. We partner with many highly rated insurance companies to provide the best insurance solutions to meet your individual needs and your budget. Buy insurance online or talk to a licensed insurance agent! It's your choice.
For information and quotes on insurance coverage, please visit InsureOnline.com or call (844) 358-5605.
The general and educational information here supports the sales, marketing, or service of insurance policies. Individuals should seek advice from their own qualified and duly licensed independent tax or legal advisors based upon their own particular circumstances.