Moving can be a long and stressful process for most homeowners who are changing location. First, you need to conduct market research in Abilene, TX and identify a home that will suit your needs before you sell your old home. From there, you are expected to pack all your belongings and move to your new home.
However, you still need to keep track of several details during your entire moving process. For instance, you need to know whether your homeowners’ insurance policy from Koda Insurance Group covers moving damage or you will need to get moving insurance. One of the most critical things that you will need to know is how your relocation affects your current homeowners’ insurance.
Moving and Homeowners Insurance
You may be surprised to learn that nothing actually happens to your homeowners’ insurance policy when you move. However, the most critical thing to do before you move is to contact your agent in Abilene, TX and let him/her know that you are relocating and ask how that will affect your policy. At this point, your agent can facilitate the cancellation of your old policy and help you transition smoothly to your new policy. Contacting your agent on time also ensures that there are no gaps in your coverage.
One more thing that you need to be aware of is your home insurance policy term and how far in advance you have already paid. If you pay your premiums in advance, then you can get some form of a refund when your policy is canceled. If you are planning to transfer your current policy, then the amount can also be transferred over.
The most crucial thing that you need to remember is that you can’t keep your current home insurance policy when you move. This is because your old and new home are two different properties that represent two different risks that can’t be covered in the same way.
Call Koda Insurance Group today and request a free quotation for your home insurance policy.