Understanding valuation coverage
Valuation is coverage for items that are lost, destroyed, or damaged during a move or while in storage. All movers provide carrier-based liability as a standard, which is 60 cents per pound coverage. What that means is, if your entire 10,000-pound shipment is destroyed in a van fire, you would only receive $6,000 in replacement costs.
We encourage you to read your homeowners policy carefully, or speak to your insurance agent to understand and clarify if your belongings will be covered in case of catastrophic loss during a move – and get it in writing.