Valuation Insurance Coverage

VALUATION/INSURANCE COVERAGE

Limited Liability

This represents the minimum coverage required by law at $.30/lbs. If an item is lost or damaged during your move, you would receive a payment at the rate of $.30 per pound up to $2,000. This kind of basic coverage is designed to cover the mover’s basic liability and does not provide you with substantial protection.

Added-valuation

This is an optional coverage that you should purchase. In the event of loss or damage, this kind of coverage would assure payment based on the actual value of the item, at the current replacement cost, minus any depreciation up to the limit of the coverage. The cost for this type of coverage is $7 for every $1,000 of valuation placed upon the items up to $5,000 with an increase of $5 for each additional $1,000 coverage.