Different Types Of Moving Insurance: Which One Is Right For You

Moving is a significant event in anyone’s life, whether you’re shifting to a new home, relocating a business or simply transporting items to a storage facility. Amid the excitement and chaos, one critical aspect often overlooked is moving insurance. Just like you wouldn’t drive your car without insurance, moving your precious belongings without proper coverage can be a risky gamble. Understanding the different types of moving insurance available can help you make an informed decision and ensure your move is as stress-free as possible. This blog will explore various moving insurance options, their benefits and which one might be right for you.

Understanding Moving Insurance

Moving insurance is designed to protect your belongings during transit, whether you’re moving across town or across the country. Removalists and furniture movers provide several insurance options, each with varying levels of coverage. It’s essential to understand these options to choose the best one for your needs.

Types Of Moving Insurance

1. Basic Coverage (Released Value Protection)

Basic coverage, also known as released value protection, is the most common and often the most misunderstood type of moving insurance. This coverage is typically included in the cost of hiring removalists, but its protection is minimal. Under this plan, the moving company’s liability is limited to a certain amount per item based on weight. For instance, if a valuable item is damaged or lost, the compensation provided might be significantly less than its actual worth. While this option may seem cost-effective since it’s usually included at no extra charge, it offers minimal financial protection. This type of coverage might be suitable for those moving inexpensive or easily replaceable items but is generally not recommended for high-value belongings.

2. Full-Value Protection

Full-value protection is a more comprehensive insurance option offered by most professional moving companies. This type of coverage ensures that if any of your belongings are lost, damaged, or destroyed during the move, the moving company will either repair the item, replace it with a similar item, or provide a cash settlement for the item’s current market value. Full-value protection is more expensive than basic coverage, but it offers peace of mind, especially if you’re moving valuable items like electronics, antiques or art. The cost of this insurance is usually based on the total weight of your shipment or a predetermined value of your belongings, with an additional charge for higher levels of coverage.

3. Third-Party Insurance

If you feel that the coverage offered by the moving company is insufficient, you can opt for third-party insurance. Many insurance companies specialise in providing additional coverage for moves. Third-party insurance can be tailored to your specific needs, offering higher coverage limits and protection against various risks such as natural disasters, theft, and damage during transit. This option is particularly beneficial for long-distance or international moves, where the risk of damage is higher. It’s important to carefully review the terms and conditions of third-party policies to ensure they cover all potential risks associated with your move.

4. Liability Coverage

Liability coverage is another insurance option offered by moving companies, which protects against damage to your property or injuries that occur during the move. This type of coverage is particularly useful for business owners relocating their office, as it provides protection against potential lawsuits or claims arising from accidents during the move. For homeowners and renters, liability coverage can also be beneficial, especially if you’re moving heavy or bulky items that could cause damage to the property or harm to individuals. This coverage is usually an additional cost, but it provides an extra layer of protection and peace of mind during your move.

5. Total Loss Coverage

Total loss coverage is a specific type of insurance that covers your belongings only if the entire shipment is lost or destroyed. Unlike full-value protection, it does not cover individual items that are lost or damaged but instead compensates for the complete loss of your shipment. This type of coverage can be less expensive than full-value protection but offers limited benefits if only a few items are damaged or lost during the move.

6. Custom Insurance Plans

Some insurance providers offer custom plans tailored to your specific needs. These plans can include a combination of the different types of coverage mentioned above and additional options like coverage for special items (e.g., fine art, heirlooms), extended storage periods, and even coverage during the unpacking process. Custom plans can be more expensive but provide the most comprehensive protection for your unique moving needs.

Factors To Consider When Choosing Moving Insurance

1. Value Of Your Belongings

One of the most important factors to consider when choosing moving insurance is the value of your belongings. If you’re moving high-value items such as electronics, antiques, or artwork, opting for full-value protection or third-party insurance is advisable. For less valuable items, basic coverage might suffice.

2. Distance Of The Move

The distance of your move also plays a crucial role in determining the type of insurance you need. For long-distance or international moves, the risk of damage or loss is higher, making comprehensive coverage options like full-value protection or third-party insurance more suitable. For local moves, basic coverage may be adequate, especially if you’re working with reputable removalists on the Sunshine Coast.

3. Specific Risks

Consider the specific risks associated with your move. If you’re moving during a season prone to natural disasters like hurricanes or floods, ensure that your insurance policy covers these risks. Additionally, if you’re moving fragile or easily damaged items, look for policies that offer higher protection levels for such items.

Choosing The Best Coverage For Your Move

Moving is a significant event that comes with its share of challenges and risks. Ensuring your belongings are adequately insured can provide peace of mind and financial protection against unexpected mishaps.

At Caloundra Removals & Storage, we understand the importance of protecting your valuables during a move. Beware of companies that offer free insurance, as this can be misleading. Our removalists on the Sunshine Coast are authorised to give you general advice and arrange storage insurance. Ready to make your move? Contact us today to learn more about our services and insurance options.



Following the recent lockdown for South East Queensland, we can advise we are operating as normal as our industry is deemed an essential service. Our crews have all the required PPE and many are being regularly tested.

Unfortunately our Sydney operation based in Ingleburn is restricted to receiving and dispatching freight from our warehouse only.

We are not servicing Victoria ourselves but are working closely with our agents of more than 20 years to ensure we service our customers moving to or from Victoria the best we can.

North Queensland is operating as per normal.

If there are any queries or concerns involving your removal, please feel free to call on 1300 723 783 or email: operations@caloundraremovals.com.au

CALOUNDRA REMOVALS & STORAGE is committed to ensuring the health and safety of workers and others affected by our work activities.  We place the highest priority on making sure work activities are carried out safely and reasonable measures are taken to remove (or reduce if they can’t be eliminated) risks to the health and safety of workers and others.  People are our most important asset and safety is everyone’s responsibility.

Exposure to the Coronavirus (COVID-19) is a potential hazard for workers and other people at workplaces. CALOUNDRA REMOVALS & STORAGE will apply the necessary measures in order to protect workers and all other persons from contracting COVID-19.

CALOUNDRA REMOVALS & STORAGE will to keep up to date with the latest COVID-19 information and advice to ensure that any action taken is measured and appropriate. This includes closely monitoring the Australian Government Department of Health and any advice from state or territory government agencies.

CALOUNDRA REMOVALS & STORAGE will initiate control measures that include but are not limited to the following:

  • Review and promote our infection control procedure.
  • Ensuring workers are aware of the isolation/quarantine periods in accordance with advice from the Australian Government Department of Health.
  • Providing clear advice to workers about actions they should take if they become unwell or think they may have the symptoms of coronavirus, in accordance with advice from the Australian Government Department of Health and state or territory health department.
  • Eliminating or minimising international work travel, in line with the travel advice on the Australian Government’s Smartraveller website.
  • Providing regular updates to workers about the situation and any changes to organisational policies or procedures.
  • Contingency planning to manage staff absences
  • Providing workers with information and links to relevant services should they require support.

Workers also have a duty to take reasonable care for their own health and safety and to not adversely affect the health and safety of others. Workers should be reminded to always practice good hygiene and other measures to protect themselves and other against infection. This includes:

  • To self-isolate if returning from an overseas trip, or being in close contact with someone who has a confirmed case of COVID-19
  • Washing their hands often, with soap and water, or carrying hand sanitiser and using it as needed
  • Covering their mouth when coughing or sneezing, but not using their hands to do so
  • Seeing a health care professional if they start to feel unwell
  • If unwell, avoiding contact with others (including shaking hands or other touching, such as hugging).
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