When planning a move, many renters are left questioning whether their existing renters insurance will protect their belongings from damages incurred during the process. While renters insurance is designed to shield personal property from a range of risks, it typically does not provide comprehensive coverage for items damaged while moving. Instead, such policies generally apply only to losses resulting from specific 'named perils'—such as theft, fire, or vandalism—and only if these incidents are included as covered scenarios in the policy.

As detailed in a recent Yahoo! Local guide, renters insurance may offer protection if, for example, a policyholder’s belongings are stolen from a moving truck and theft is included as a covered peril. Similarly, loss caused by events like hail or vandalism, provided they are covered perils and occur during the move, could be subject to a claim. However, most renters insurance policies exclude coverage for damage stemming from mishandling or accidental breakage—whether the items are being moved by professional movers or the renters themselves.

With this in mind, experts advise renters to explore additional forms of protection for their property during a move. NJM Insurance notes that while renters insurance remains in effect for named perils, damage from improper handling is generally not covered. As a solution, moving companies and rental truck providers frequently offer separate moving insurance policies.

By federal law, interstate moving companies in the United States are required to provide customers with two distinct types of liability coverage:

• Released Value Protection: This basic option is often included at no extra charge. It provides limited compensation, typically around $0.60 per pound per item, which may not reflect the actual value of most personal belongings. (MattsMoving.com)
• Full Value Protection: Available for an additional cost, this comprehensive coverage requires the moving company to repair or replace lost or damaged possessions, or to provide a cash settlement for their current market value. High-value items may require special documentation or incur additional fees.

Regulations vary from state to state, but professional movers are typically required to be licensed and must offer some form of liability protection, particularly for in-state moves. Prospective customers should always verify a company’s licensing status and carefully review any insurance or protection options offered before signing a contract.

To safeguard belongings during a move, renters are encouraged to take a few important steps:

• Review Your Renters Insurance Policy: Check which perils are covered during a move and note any limitations or exclusions.
• Assess Moving Company Coverage: Ask detailed questions about the liability protection your mover offers and make sure you understand how claims are evaluated.
• Consider Additional Insurance: If you own particularly valuable items or simply want additional peace of mind, purchasing supplemental moving insurance from your moving company or a third-party insurer may be worthwhile.

Ultimately, making an informed decision about insurance coverage can help minimize financial risks and provide added reassurance as you relocate your property. By thoroughly evaluating available options, renters can ensure they are adequately protected against the unexpected challenges of moving.