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Moving Insurance


Understanding Insurance (valuation) Options
Movers Valuation is the predetermined limit of liability that a mover has for your property while it’s in the mover’s possession. This amount is specified within your mover’s valuation.
Your mover is liable for the value of the goods you ask them to transport. There are, however, different levels of liability. The level you choose will determine the type and amount of reimbursement you will receive if an item is lost or damaged.
Released Valuation is the standard protection that a moving company must provide at no additional charge. This type of valuation provides protection at the rate of 60 cents per pound. Depreciation applies, but there is no deductible and no added cost to the customer.
Full Value Protection is available from your mover at an additional charge. You will have three options, No Deductible, a $250 Deductible, or a $500 Deductible. Of course, the higher the deductible you choose, the lower the cost of the protection. Your options will be presented to you during signing of Bill of Lading.

Keep in Mind…

Some of your actions may limit your mover’s liability.. These include:

  • Packing perishable, dangerous or hazardous materials in your household goods without your mover’s knowledge.
  • ┬áPacking your own boxes. You may consider packing your own household goods articles to reduce your costs, but if the articles you pack are damaged, it may be more difficult to establish your claim against the mover for the boxes you pack.
  • Failing to notify your mover in writing about articles of extraordinary value.

Understanding Valuation and Insurance Options

http://www.protectyourmove.gov/consumer/awareness/valuation/valuation-insurance.htm