The most important thing to highlight up front is that valuation coverage is not insurance. Local moving customers who want insurance for their move will need to work through a licensed insurance company. Moving companies are required to offer you valuation coverage. If a moving company fails to do so, it may be a sign that they are a disreputable, fly-by-night or “rogue” mover.
Valuation coverage is what local moving customers get through their moving company. Simply put, valuation coverage is an agreement that is completed before your move begins. In this agreement, you and your moving company detail liability for claims of damaged or lost items. If the moving company is at fault for the loss or damage of your items, the valuation coverage guarantees that the moving company pays for those items. For example, Suddath offers standard Released Value Protection (RVP) valuation coverage at $0.60 per pound of your shipment.
When preparing for your local move here in L.A., make sure you evaluate whether or not you want to insure your items through an insurance company. If you have more specific questions about insurance and valuation coverage, your local moving coordinator will be happy to help.
Learn more about your valuation coverage options in our blog post on the subject.