Moving Valuation Coverage
When you move from one place to another, there is a lot at stake. The money you’ll spend, the memories you are taking, furniture, family possessions, antiques and many other valuable items.
Your valuables will be loaded along with other items onto a moving truck. So you want to make sure that you are prepared for any situation that may occur on the way because accidents don’t come with a notification.
Moving is a lot of work, and stressing over your valuable items is not something you want. So educate yourself with the details of moving valuation coverage and make the right choice about the level of valuation coverage that will give you peace of mind.
Limited Valuation Coverage
Limited Valuation Coverage, is also known as “released value protection” in the moving industry.
Under this plan, we cover liability for no more than 60 cents per pound per item. This is a basic coverage plan which will only compensate the value of the weight and not the value of the item. For example: if one of your items weighs 10 pounds, you would only be compensated for $6 (60 cents x 10 pounds).
You will not have to pay an additional charge for the limited valuation coverage, but you will have to sign a specific bill of lading agreeing to the terms.
Full Valuation Coverage
If you have precious items, this is the best moving valuation option that will comprehensively cover the value of your items. You will be charged an additional amount for this plan, but you get full value protection for all your items.
So if your items are damaged or lost, we will offer to:
- Repair the item
- Replace the item
- Cash settlement on the current market value of your item
Talk to our moving representative to know your moving valuation charge for the full value coverage option.
Identify Articles of Extraordinary Value
To avoid accidents, you should identify valuable items in writing to the moving company. This includes all items worth over $100/lbs. Following are some articles of extraordinary value commonly moved by people:
- Jewelry
- Antiques
- Exclusive Handbags
- Technology
You will have to fill out a High-Value Inventory Sheet for all your items that qualify for the articles of extraordinary value.
Valuation vs. Insurance
Both valuation and insurance will cover all your items if damaged during the move.
Insurance
- You have to pay a premium.
- Items protected from any damage or event of loss during move
- Items are also covered for unforeseeable events like acts of God or fire
Valuation Coverage
- Offered by the moving company under federal law
- Receive compensation according to the level of coverage for lost or damaged items
Whether you choose valuation or insurance you will be securing the value of your items.
Third-Party Moving Insurance
If choosing third-party moving insurance gives you peace of mind, then go for it. Your satisfaction is our priority. If you are looking for a third-party moving insurance company to cover any loss or damage to your items, then make sure you research about them and compare at least 3 insurance companies before selecting.
Final Thoughts
Moving can be challenging. We don’t want you to stress over the valuation coverage. It can be a little tricky to understand, so give us a call at (503)-747-3630 to talk to our friendly representative, who will be happy to answer all your questions. Get your free estimate today and plan your move with us to move with ease.
