A to Z on House shifting Insurance by SCM Packers and Movers
Among the various factors you need to keep in mind while relocating Insurance is the one which is often neglected or not understood, where as its one of the most important factors.
Insurance is extremely important as absence of it could cause a substantial financial loss
Most of us under the impression that we have hired the right packers and movers service and that’s end of the story. Little do we know that accidents could happen even with the best
Its in interest of all those who are looking for home shifting services to have an in-depth understanding on insurance
What may be insured?
Insurance is not available on certain items like
- Cash
- Jewellery
- Glassware
- Fine arts
- Collectibles
- Documents
- Certificates
Its advised that these items may be carried in person or packed properly with extra precautions. Refer our guide on Fragile items packaging for more information on how to pack your fragile items
Items which may be insured are:
- TV
- Refrigerator
- Sofa
- Bed
- Dining table
- Wardrobes
- Cloths
- Sound systems
- Cabinet book case etc
- Computer
- Vacuum cleaners
- Garden tools etc
The next important aspect is the amount of money you pay which usually depends upon
- The value of goods
- The type of goods i.e
- Electrical/Electronic items
- Furniture
- Cloths etc
- The distance to be travelled
- The age of goods
- Claim history if any
To start with make a list of items you are moving
If possible, look for the invoices of the items as this helps in getting your insurance claim faster
The sample list is as under;
|
Sr.No |
Item Description |
Value in Rs |
Invoice available Yes/No |
|
1 |
TV |
1,20,000/- |
Yes |
|
2 |
Refrigerator |
62,500 |
Yes |
|
3. |
Sofa set |
3,50,000 |
Yes |
|
4. |
Air-conditioner |
42,500 |
no |
|
5. |
Music System |
1,25,000 |
Yes |
|
6. |
Camera |
85,000 |
no |
|
7. |
Cabinet |
1,25,000 |
no |
What are the types of house shifting Insurances?
House shifting Insurances are mainly of three types
- Transit Insurance
- Declared value insurance
- All-inclusive insurance
1.Transit Insurance
Transit insurance covers only the damages which are occurring during transportation and it doesn’t include damages which results in during
- Dismantling
- Packing
- Loading
- Unloading
- Re-assembling
2. Declared value Insurance
In declared value insurance only those items whose value is declared are covered for any damages during dismantling/packing/loading/unloading/re-assembling and transportation
3.All-inclusive Insurance
All inclusive insurance gives you complete peace of mind as it takes care of your entire household items
The coverage is for both
- Dismantling/packing/loading/unloading/re-assembling
- Transportation or in-transit
How to get the Insurance?
You may get the insurance directly from the insurer or your packers and movers’ services provider may get the same done for you
We suggest you get it done from your service provider as he is experienced in the same and will be in position to help you get the claim if there is an untoward incident/accident
Do not forget to take a copy of insurance from the packers and movers service provider
How to ensure your Insurance claim is processed without any hurdle?
Insurance claims get stuck for various reasons. We suggest the following precautions:
- Ensure you go with a reputed packer and movers’ services provider
- Read the insurance policy carefully
- Standard packaging is must to get the insurance
- Ensure you have the product invoice
- Keep the Lorry Receipt with you
- You must take GST bill with 18% GST as if the bill is with 5% GST than insurance is applicable only for in-transit period. Refer our blog on GST billing for more clarity on GST
- Take the picture of the product before packing
- In case of damage take the picture of damaged carton and if possible do not remove the packaging
- In case of an accident, ask your Packers and Movers Service provider to give a copy of FIR and COF(Certificate of facts).These two documents along with Lorry Receipt and Invoice copy(both product invoice and relocation invoice) will be required for settling claim
- Do not transfer or move the damaged package from the delivery location which is mentioned on invoice and insurance copy
- Ensure you file a claim as soon as possible but not later than a week
- Claims at times are rejected due to poor packaging. Ensure you hire the best packers and movers for your relocation. Refer our article “21 tips to get the best movers and packers” for your relocation.
- There could be many more reasons due to which the insurance is held back but most of the time by following the above precautions claims is processed.
