How Does Moving to Another Province Affect Home Insurance?

July 8, 2024

When you move out of province does your home insurance policy move with you?

In most cases, your home insurance policy will cover your new and old home for approximately 30 days. Most insurers will allow policy transfers to your new province if you meet the requirements.

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Are my belongings covered during the move?

Your home insurance policy does provide coverage for items and belongings against loss, damage, and theft when you are moving from one address to another as part of its default coverage. It does not cover the cost of moving from one province to another, though.

Here's what you need to know when moving to another province:

1 Personal property coverage: While in transit, your belongings may be covered against certain risks like theft or damage, but this coverage is usually limited and subject to your policy's terms and conditions. It's important to check with your insurance provider to understand what is covered.

2 Moving insurance: Many moving companies offer insurance coverage for your belongings during the move. This can provide additional protection beyond what your home insurance might cover. Be sure to review the moving company's insurance options and consider purchasing additional coverage if necessary.

3 Home insurance for new home: Ensure that you have a home insurance policy in place for your new residence starting from the day you take possession. This will protect your new home and belongings once they arrive.

4 Temporary storage coverage: If your belongings will be stored temporarily during the move, check if your home insurance policy covers items in storage or if you need additional coverage.

To ensure you are adequately protected during your move:

• Contact your insurance provider: Discuss your move with your insurance company to understand the extent of your current coverage and any additional options you may need.

• Consider additional insurance: Look into purchasing moving insurance or a special transit policy to cover your belongings during the move.

• Document your belongings: Take inventory and photographs of your items before the move to facilitate any potential claims.

By taking these steps, you can help ensure that your move is as smooth and protected as possible.

How does moving to another province affect my car insurance?

Don’t overlook how your car insurance will be affected by the move. Before moving, you need to let your current car insurance provider know about your relocation.

Vehicle insurance regulations and requirements can vary from one province to another. Each province has its own set of rules governing car insurance, including minimum coverage requirements, coverage options, and pricing factors.