Shifting belongings from one house to another could be a tricky business. Not only does it involve careful and intricate packing, but also carries with itself the risk of damage. Despite hiring professional packers and movers, one will still face the risk of misplaced or lost goods. As a precaution, many professional moving companies have started to offer what is called a "moving insurance".

A house moving insurance, also called transit insurance, covers loss or damage to goods which occurs during shifting homes. This insurance is applicable to goods such as furniture, electrical equipment and garden equipment. Most types of moving insurance policies exempt valuable articles like money and jewellery. The premium of these policies is decided by factors like the real value of goods, nature and age of goods, transit distance, and a claim history.

Homebuyers must know that there are two kinds of moving insurance policies:

Full value protection: In this policy, the mover is accountable for the total value of all possessions. The premium for this is also high.

Released value protection: In this policy, the cover is decided by the declared value of the possessions. One has to declare beforehand the values of all the items they want to be insured.

One must check the company's credibility before availing insurance. A good moving service would insist upon goods insurance.

While entering into an insurance contract, one must thoroughly check all clauses, especially those related to the type of damage covered. Check if the clauses about unprofessional packing or mishandling of goods are included.

While making a list of the declared values of the possessions, make sure all the belongings are included in the list. It is advised to keep all original bills and receipts safely. A good precaution would be to click before and after pictures of all goods.

Understand from the company their exact procedure for claiming reimbursements in case of damage or loss.