Insurance Blog
moving
From our friends at Trusted Choice

May is National Moving Month and every year more than 40 million Americans will move, according to the American Moving and Storage Association. As you pack up your belongings and move across town or across the country, make sure you don’t forget to “pack” your insurance coverage.

Home Sweet (New) Home

When you move from an apartment to a house or house to house or apartment to apartment or condo to… well, you get the idea… your homeowners or renters insurance won’t follow on its own. Because a homeowners or renters insurance policy takes into account factors such as the building material used to construct your home, fire prevention systems like smoke detectors, sprinklers, etc., moving to a new home means that these factors could very well change, and as your risk changes, so should your insurance.

Depending on whether your move is across the street or across the country it’s important that you discuss your move with one of our Baldwin / Welsh & Parker Trusted Choice ® Independent Insurance Agents.

Is my stuff covered during the move?

Let’s say that you’ve got everything but the kitchen sink (which you’ve left for the people moving into your old home) packed into the truck for the big move, but there’s an accident with the truck and as a result antiques, carefully packed china and the 60” flat screen are all damaged beyond repair. Are you covered?

Well, that depends on whether you’re moving the items yourself or have contracted with professional movers and where you’re moving to. If you use a professional moving company, under federal law interstate movers are liable for the replacement value of lost or damaged items, so if you’re moving from North Dakota to North Carolina the moving company is liable for your belongings. However, they may present you with different options for coverage, including Full Value or Released Value. According to the US Department of Transportation, Full Value is more comprehensive coverage but it may cost more out of pocket, whereas Released Value is offered at no additional cost, but may only cover your belongings up to 60 cents on the dollar. If you opt for the Full Value, make sure you have an up-to-date estimated value for the belongings you’ll be moving. If you have an accurate and comprehensive home inventory, this shouldn’t be too difficult of a task.

If you’re renting a truck or a van for the move, the rental company may offer you some coverage. One argument for taking the coverage is that if something does go wrong and can be covered by the rental policy, a loss would not reflect on your own insurance coverage, but again, the coverage they offer may not be enough to replace or repair damaged or lost items. Talk to our agents about how your existing coverage would respond to a loss.

Mind the Gap

You have coverage for the contents of your home under a standard homeowners or renter’s insurance policy, so the best option to protect those contents (and a Trusted Choice agent can help with this) is to make sure that there is no gap of time between the expiration or cancellation of your policy on the home you’re moving out of and the effective start date for the policy for the home you’re moving into- one way to do this is to have the new policy start the day you are planning on moving. Not only would this help provide coverage for your contents, but it would also provide you with personal liability coverage during the time of the move.

Because our agents have the ability to work with multiple insurance companies, we can work to help you find the coverage that’s right for your new place and for getting you and your belongings there.  

Wednesday, 31 May 2017 15:18

Insurance Checklist for Your Move

5 Important Insurance Tips When Moving

  1. Upon Signing the Purchase and Sale Agreement: Contact Baldwin/W&P for an insurance quote. Be ready with:  your new home’s address, square footage, year built, and years of updates to wiring, plumbing, heating, and the roof. 
  2. Decide on Coverage: Your experienced agent will help you make decisions about your insurance needs (including special coverage for jewelry, earthquake, and flood), and provide you with a detailed proposal.
  3. Closing: Provide your agent with the mortgage bank’s closing attorney or mortgage broker’s contact information. Your agent will prepare the insurance documentation and provide it to the bank’s attorney for review prior to closing.
  4. Cancel Previous Insurance: If your former home is not yet sold at the time of relocation, discuss with your prior insurer how vacancy may affect your coverage.
  5. Moving: Check with your mover to make sure that you have coverage for personal belongings in transit.
Friday, 26 May 2017 15:30

Summer Grilling Fun

From our Trusted Choice Friends
 

Your Grill Should Cook, Not Burn…

The barn. Or the house. Or a child.

Every year, what should be a fun outdoor occasion for family and friends instead turns into tragedy at nearly 9,000 homes, causing deaths, injuries and tens of millions in property damage. Your Baldwin / Welsh & Parker Trusted Choice® independent insurance agent remind you that fire damage and potential liability for injury to friends will be covered by your homeowners policy, but we’d much rather you sidle up to the picnic table than hunker down in the emergency room.

Gas grills represent the greatest risk by far, and are involved in more than 80% of all grilling fires. But all types of grills represent a danger if used incorrectly or carelessly. A few simple precautions, courtesy of the experts at the National Fire Protection Association (NFPA), may make the difference:

For all grills:

• Propane and charcoal barbecue grills should only be used outdoors.
• The grill should be placed well away from the home and deck railings and out from under eaves and overhanging branches.
• Keep children and pets away from the grill area.
• Keep your grill clean by removing grease or fat buildup from the grills and in trays below the grill.
• Never leave your grill unattended.

For charcoal grills:

• If you use a starter fluid, use only charcoal starter fluid. Once the fire is started, never add charcoal fluid or any other flammable liquid to it.
• Keep charcoal fluid out of the reach of children and away from heat sources.
• Electric charcoal starters that do not use fire are available. Be sure to use an extension cord for outdoor use.
• When you are finished grilling, let the coals completely cool before disposing in a metal container.

For propane grills: 


• Check the gas tank hose for leaks before using it for the first time each year. Apply a light soap and water solution to the hose. A propane leak will release bubbles. 
• If you detect a gas leak from your grill, by smell or the soapy bubble test, and there is no flame, turn off the gas tank and grill. If the leak stops, get the grill serviced by a professional before using it again. If the leak does not stop, call the fire department.
• If you smell gas while cooking, immediately get away from the grill and call the fire department. Do not move the grill.

Almost one-third of gas grill injuries occur during the lighting or relighting of the fire. One significant hazard of propane grills occurs if the flame goes out during the cooking process. Too many grill owners have never read the manual to see there is a critical procedure that must be followed when relighting, or risk a dangerous explosion. ESPN’s Hannah Storm was a victim of just such an accident, and her courageous video recounting her accident and recovery is well worth viewing on the National Fire Protection Association's website.

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