You’re moving and probably wondering if your renters insurance covers the cost of moving. Or maybe you’re wondering if they cover the cost of the damage that the movers may have inflicted on your belongings.

What Renters Insurance Covers

Renters insurance covers your personal property under specific covered perils. Some of these perils are:

  • Theft of personal property
  • Fire & Lightning damage
  • Smoke damage
  • Water damage
  • Hail or Windstorm damage
  • Damage from falling objects
  • Snow or Ice weight
  • Vandalism
  • Liability coverage
  • Loss of use

Renters Insurance Does Cover Some Moving Costs Due to Damage or Loss

While moving, some of those perils may be covered. For instance, if someone vandalizes or steals your belongings while moving, your insurance will likely cover that damage or loss under your policy. If your place floods while in the process of moving, that would likely be covered as well. However, a mover accidentally dropping a box marked “fragile” is not likely to be considered a covered peril.

Moving Companies Carry Their Own Insurance

Even if you do have a fragile box end up on the wrong side of up, the stars might still align in your favor. The law requires all professional, licensed movers to carry their own moving insurance against loss and damage. 

You can keep your belongings protected by asking questions regarding your mover’s licenses and certifications. As well as there being state regulations, if you’re moving out of state, Federal Motor Carrier Safety Administration’s (FMCSA) regulations protect consumers of those interstate moves. You should also find out what sort of coverage the moving company carries to make sure their coverage is enough to cover the value of your valuables.

Renters Insurance Does Cover Moving Costs Sometimes

If you are moving from your home or apartment due to damages that require a temporary relocation, renters insurance may pay for you to move out and back again based on the loss-of-use covered peril.

The bottom line is that having renters insurance is smart, affordable, and it does provide some protections and coverage for moving. Take care to use a reputable, licensed, and certified mover and clearly understand what kind of insurance they carry and how their insurance protects you. Knowing what is covered is far more than half the battle; it’s the whole battle for keeping your valuables safe while in transit.

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