What Is Moving Insurance And Why Do You Need It?

Want to pack or move your belongings like professionals? Read our blog posts that will help you manage relocation process with ease.

What Is Moving Insurance And Why Do You Need It?

Jun 29, 2020

The relocation process is always stressful because you need to make sure that all your belongings move to your new place safely. And that is why people prefer to hire experienced Brisbane removalists. They use their skills and modern equipment to minimise the risk of any damages. However, there is always a risk in the moving process.

Accidents happen, even from the best removalists! So you need a backup that can make sure that you face minimum possible loss if your valuable misplace of damage during moving. And what can be a better option than moving insurance? Here is detailed information on moving insurance, its types and why do you need it. Let’s have a look!

What Is Moving Insurance?

Moving insurance is an excellent way to ensure the safety of your belongings during the relocation process. There are various insurance companies that offer moving insurance to their clients. Whether you are moving within state interstate or another country through land, air or water, moving insurance is applicable.

It makes the insurance company liable for any lost or damaged goods during transportation. However, the details that your insurance covers depend on the types of policy. No matter what kind of insurance you get, it gives you peace of mind because it assures that you will not suffer any monetary loss even if the belongings get damaged or misplaced during the loading and transportation.

Different companies offer a different valuation of the belongings, so you need to do your research properly and choose the right one. Many Brisbane removalists also provide insurance, but it is not a parameter to judge whether the company is reliable or not.

Choose the Right Moving Insurance for You

Selecting the right moving insurance can be a little confusing, but if you focus on your requirement and understand your priority, things will be easier for you. There are three kinds of moving insurance – released value protection (the common one), full value protection and finally, third-party protection. All of these insurance have different coverage but the same purpose. These will protect your valuable during the relocation. Let’s read about them one by one.

Released Value Protection

This is the basic coverage protection that you can get during the moving, and you don’t have to pay anything extra for this. Whether it is intrastate or interstate move, you always have this option for you. However, it is essential to note that that your belongings won’t be covered in this insurance as high as their market value. You get around half the value of your item.

For interstate, it will be slightly more than 50 per cent while for intrastate it will be less than 50 per cent. Still, it is a good option because it’s always included in the cost of your move.

Full Value Protection

You will get this insurance cover for an additional cost. There is no denying that it is a much better option than the released value protection, but you will have to pay the premium. This option makes the insurance company, liable for the damaged or lost items in your shipment. They should repair the item, replace the item, or pay money to repair the item or its replacement value in the market (but it has a limit).

So, before you hire Brisbane removalists, you should do proper research on it and understand all the minute details. Calculate and declare how much your items are worth and pay your premium.

Third-party protection

This option is beneficial when you are opting for the released value protection. It is because apart from getting the fifty per cent value of the items, this coverage gives you some added value. With third-party insurance, you can purchase full coverage of the shipment from a different provider. His is a fantastic option to recover the maximum value of your lost or damaged items.

However, you should always remember that in third party moving insurance, expensive items such as jewellery are not covered. But the insurance company make sure that the items are properly packed, and poor packing is not responsible for the damage. So, hire reliable Brisbane removalists for the best possible packing.

Why Do You Need Moving Insurance?

Moving is a stressful process because you need to move all your belongings from one place to another place safely, and there is always a risk factor. Whether you are moving on your own or hire experienced Brisbane removalists, relocating to another state or across the road, accidents are unpredictable. There is no denying that professionals can minimise the chances, but you can never rule out any unfortunate incident.

Thus, by purchasing insurance, you give appropriate protection to your belongings. Relocation is a procedure full of challenges so insuring your valuables can at least give you peace of mind. The premium of moving insurance is not very high, and you get the security of your items in return. Talk to different insurance companies and choose the most suitable one for you.


Moving insurance is very important for a stress-free relocation, but with so many options in the market and types of policies, it can be difficult to choose the most suitable one. The only way to make the right decision is to do detailed research on this subject before opting for any particular companies or policy. And for that, you need more time. So, start your research as early as possible, so you get maximum time.