When you’re relocating, your belongings can be exposed to various risks, including theft, damage, and accidents. Even if you take every possible precaution, unforeseen circumstances can still occur. The policy covers the shipment from when it leaves your current residence in Singapore until it is delivered to your new home. It also covers hand-carried valuables but packing and unpacking are not covered.
PROTECT YOUR VALUABLES
That’s where relocation insurance comes in handy. It provides coverage for your items against various types of damage or loss, including theft, fire, and natural disasters. If anything gets lost, stolen, or damaged, the policy will pay for the cost of replacement. This policy can also be cancelled before the movers come to your house.
TWO TYPES OF RELOCATION INSURANCE
FULL VALUE PROTECTION
Full value protection is the most comprehensive type of coverage, as it provides compensation for the full replacement value of your items in case of damage or loss.
RELEASED VALUE PROTECTION
Released value protection, on the other hand, offers more limited coverage and provides compensation based on the weight of the items, rather than their actual value.
When choosing a relocation insurance policy, you should also consider factors such as the deductible, coverage limits, and the cost of the policy.
DO YOU NEED HELP WITH RELOCATION INSURANCE?
Contact us today to learn more about our relocation insurance options and how we can help you with your upcoming move.