It’s that time of the year when contracts are coming to an end, the school year is finishing and those that are heading off from Singapore (back home or to another posting!) are trudging through the logistics of the dreaded move. If this is you, have you thought about insurance for your shipment? Expat Insurance has created a new coverage policy with Chubb that provides protection for moving household items and valuables. We chat with the queen of Home and Contents at Expat Insurance, Stefanie Paulus, to find out more about the benefits of relocation insurance.
How do I purchase this?
The policy has to be bought as a stand-alone addition, separate from any home and contents insurance that you may currently have. It’s been created to offer maximum cover during one specific move.
When does the insurance cover begin and end?
Basically, it begins from the time that your items are first moved by the packers from your current place of residence, and continues during transit and until they have arrived and been unloaded at your new address.
What if my stuff is going into storage here or at my new residence?
The policy includes up to 30 days of cover for storage during transit to the address on the consignment note at no additional cost. If you choose for your shipment to be placed in storage either here or your country of destination for longer than the agreed transit time, then you need to nominate this at an additional cost. This will allow your goods to be covered for up to 30 days pre-transit here in Singapore and up to 60 days post-transit in your new home country.
What if I don’t know my new address?
You can nominate to have your things kept in storage for up to 60 days upon your arrival. The transport company will put this address onto the consignment note of your shipment and it will be held there until you know where you’re going to move to. When you know your new home address, let us know as soon as possible so they can make sure that your belongings are fully covered.
What do I need to do?
You need provide as much information to the insurer as possible about what you are moving. Provide an inventory and use the packing list provided by your mover. You’ll need to declare the value of each box and send it to us before your items go into transit. Receipts and descriptions definitely help. If you’re hand-carrying your valuables, you’ll need to submit an itemised list and value report before you travel, and we must have agreed to this list.
What if I pack the items myself? Will they be covered?
No, they won’t. They need to be packed by a transport operator, so you’ll need to be present while the packing is taking place to make sure that everything goes in correctly – except your hand-carried valuables; you can pack those!
How do I find out more?
Contact Expat Insurance at any time during business hours and I would be more than happy to go through the ins and outs with you. Email firstname.lastname@example.org or call 66439 8030.