Moving insurance is sometimes a confusing term. Movers refer to the coverage of your belongings as “valuation”—the setting of a liability limit to your shipment.

Moving companies typically include “carrier’s liability” in the price of a move ($.60 per pound for each item). This is usually not enough to cover replacement value. That’s why it’s best to investigate the costs for further coverage:

  • Full Replacement Protection – Protects you for the cost of repair or replacement costs. Prices will vary depending on the amount of deductible you select.
  • Declared Value Protection – Assigns a lump sum value to the shipment, based on its weight (i.e. $1.25/lb).

If you need to make a claim, you’ll have nine months from delivery date to file. Don’t forget: Some renter’s insurance policies cover loss during moves—look into this before paying for extra coverage.