When you move your belongings with a professional moving company, you are entitled to certain protections in case your items are lost or damaged during the move. This protection comes in the form of valuation coverage, which determines the moving company’s legal liability for your belongings. Here’s what you can expect:

Valuation Claim

  1. Definition:
    • A valuation claim pertains to the moving company’s liability for the value of the goods being transported. It is a predetermined amount that the moving company agrees to pay for any lost or damaged items.
  2. Coverage:
    • Released Value Protection: The basic level of liability, which is offered at no additional cost, typically covers items at a rate of $0.60 per pound per item. This means if an item weighs 50 pounds, the mover’s liability would be $30.
    • Full Value Protection: An upgraded option where the moving company is liable for the replacement value of the item or repair costs. This level of protection often comes at an additional cost and requires the customer to declare the value of their belongings.
  3. Cost:
    • Released Value Protection is typically included at no additional charge.
    • Full Value Protection requires an additional fee, often calculated based on the declared value of the shipment.