Relocation Insurance

Relocation Insurance and Risk Management Solutions

Whether your employees are relocating for work domestically or overseas, the feeling of excitement can quickly subside when faced with a stressful or negative moving process. The Risk Strategies Relocation practice understands the challenges and offers the insurance products and risk management services necessary to protect your business — providing peace of mind to you and your employees throughout the process.

Your employees want to know that their possessions are not only being taken care of but that you also have a backup plan in case of damage or loss. Our suite of products and services are tailored to meet your individual needs and preserve the substantial investment that you make when choosing to relocate your top talent. This includes:

• Comprehensive coverage to minimize gaps and denials, including no deductibles and highest limits, to cover items in the event of a total loss and help you avoid absorbing any of the claims cost
• Policies priced right to account for unforeseen losses, catastrophic damage, and other variables to ensure that your rates remain stable
• Seasoned insurance counselors and clear documentation to proactively educate you about the ins and outs of your insurance policy and responsibilities
• Adjusters who handle only relocation claims to settle claims quickly and painlessly

Does my homeowner or renters policy cover my items for the move?

It can never hurt to ask your agent, but we have found that most homeowner policies will not cover your personal effects during the moving process.

Does relocation insurance provide coverage for internal damage to electronics and mechanical items?

Many electronic devices such as televisions and computers have very sensitive internal workings. Sometimes even through just normal handling and/or the road vibrations encountered during transit, an internal malfunction may occur. Most transit policies exclude coverage for these internal damages, but our policy does offer this coverage.

If only one or a few items of a set or pair are damaged, do you compensate for the entire set or pair?

Pairs and sets coverage is another favorable coverage option available in our policy, which is not available in others. One example of how this coverage works is, should a customer have a matching upholstered living room set consisting of a sofa, love seat and chair, and one component of the set is torn in the move, if this one piece cannot be restored to pre-move condition, coverage would extend to re-upholstering all three pieces in the same matching fabric.

What is an All Risk Insurance Policy?

An All Risk policy specifically identifies those risks which are excluded from coverage. Losses resulting from any cause not specifically excluded in the policy are covered.

What is a Named Perils Insurance Policy?

A Named Perils policy specifies the exact causes of loss for which the insurer will pay. Are there any exclusions under relocation insurance? Yes, as with all policies, there are specific items that are not covered. A few examples include money, jewelry, and personal documents.

When does coverage for my household goods begin and end?

Coverage begins the moment the moving crew begins to prepare the shipment for loading and transportation, and coverage ends when the items are placed into the destination residence, or into a storage location that is not authorized or covered in the policy.

Can I insure my automobile under my moving insurance policy?

Yes, the policy will cover vehicles if there are household goods being shipped as well, as long as the household goods carrier is managing the transportation of the vehicle.

What is the relocation insurance claims process?

Depending on what is being claimed, processing actions may include one or more of the following:

• Claim paid as presented
• Inspection company assigned to evaluate damage and effect repairs
• Paperwork requested from the moving company
• Estimates/documentation/additional information requested from the customer