My wife and I are in the midst of a hectic season.  For the first time in 20 years, we’re moving.  The timing and circumstances have aligned to create this season of de-cluttering, massive garage sales, real estate transactions, and in just a few weeks – moving into a new home.  Our three daughters have left the nest, and we have too much house for two people and two very confused dogs.   This move will split the difference on work commutes  for my wife and me, and will put us within 10 minutes of our first grandchild, expected to arrive in September.

So how is this related to a blog on risk management and insurance?  Amidst all of the hectic activity surrounding this transition, risk and insurance plays a significant role.  Today, we are dispensing with 20 years of accumulated and no longer needed property by having a moving sale out of our garage.  The risk manager in me cannot help but look at the crowds of bargain seekers in my driveway and garage with trepidation that someone might injure themselves on my property.  I find myself moving certain items to create clear paths and eliminate potential trip and fall hazards – my wife thinks I’m a paranoid nut.  I calmly explain that as a former underwriter and risk manager, I see the worst case scenario in everything. I can’t help myself.

I am also in conversation with moving companies to help us get our remaining property from point A to point B without destroying my back.  Part of that conversation includes insurance on our property while in transit.  Of course, the moving companies offer to sell us varying levels and amounts of coverage.  Actually, our existing homeowners insurance policy provides some coverage for our property in transit, even while it is in the care, custody, and control of a moving firm.  However, we will likely temporarily add some of our more valuable items to our scheduled property endorsement that broadens the coverage and eliminates the deductible should tragedy befall those items during the move.

The point of this post is to illustrate that no matter what you do in life, there are risks involved and there are usually insurance protections available to insulate you from the financial consequences of those risks.  Unfortunately, many people (outside of the industry insiders) operate on many false assumptions and learn the hard way when things go wrong.  They say that ignorance is bliss – but it can also be very costly.

Now, back to the garage sale before my wife gives away my 1970s classic rock collection.

1 thought on “Moving

  1. Pingback: Obamacare and the Courts | Ferris State Risk Management and Insurance Academics

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