Understanding Moving Insurance
We will do our absolute best to protect all of your valuable items during your move. But, no matter how carefully items are packed and transported, damage does occasionally occur. So it’s important to understand the laws relating to moving ‘valuation’ (insurance) and to select the coverage that best meets your needs.
For a comprehensive guide to valuation coverage and choosing the right option for your move please click below.
Two Coverage Options
As dictated by federal law, all movers offer the same two coverage options, called ‘valuation.’
- Released Value: Covers you against damage or loss of property at a rate of $0.60 per pound, per article, up to a maximum of $2,000.00. There is no additional cost for this option.
- Full (Replacement) Value: Item will either be repaired to the same condition as when we received it, or we will pay you the cost of necessary repairs or the replacement cost. An additional charge applies to this option, which we will discuss with you during the estimating process.