One thing you should keep in mind is that valuation coverage is not insurance. In order to procure insurance for your move, you will need to work through a licensed insurance company.
What you get through your mover is valuation coverage. This is an agreement between you and your moving company regarding claims and declaring who is liable for those claims.
Itt is required that moving companies offer you valuation coverage. If a moving company fails to do so, it may be a sign that they are a disreputable or “rogue” mover. Valuation coverage guarantees that the moving company pays for items that became lost or damaged by the fault of the moving company. If your goods are lost or damaged and the moving company is at fault, the mover agrees to pay the agreed upon amount. For example, Suddath offers standard Released Value Protection (RVP)valuation coverage at $0.60 per pound of your shipment.
As you prepare for your upcoming move, you will want to explore if valuation coverage will work for you, or if you’d like to insure your goods 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.