Moving Insurance or Valuation Protection



Prior to hiring your mover you need to research all of the protection plans available to you.

FIRST, call your homeowner's insurance and find out what kind of coverage is standard with your existing policy and what additional options are available at extra cost.

Many home owner policies will cover your self move. However, if you hire a mover they offer very limited coverage.

Find out whether you are covered for movers performed...

  • packing,
  • loading,
  • during transit,
  • unloading and unpacking,
  • storage in transit (if you will not be able to accept your delivery right away and need to place your shipment into storage for under 3 months).

SECOND, in case you don't have homeowner's policy or it doesn't cover moving, you can check with insurance companies that offer Moving Insurance.

Insurance companies that offer moving insurance can be found through your potential mover or check out your state's Department of Insurance for companies offering moving protection. Department of Insurance will also provide you with insurance companies financial strength and reputation of paying on claims. Make sure that the mover you chose is covered by the insurance company you are researching.

Common questions to ask moving insurance company:

  • Is there anything that their policy does not cover, and what that is?
  • Is there a minimum or maximum policy amount?
  • What kind of deductible they offer?
  • What are the premiums for different choices of deductibles and coverage levels?
  • Finally, how to file a claim?


Whether your move in local or long distance and out of state your protection from movers is very similar. Local in state moves are governed by state, long distance out of state moves are governed by Federal agency Department of Transportation. Both agencies want movers to provide a basic (free) valuation included in the regular cost of the move, as well as Actual and Full Valuation protections.

1 - Basic:    60 cents/lb. No additional cost.


2 - Actual Cash Value Rate:    $1.25 per $100 of insurance.


3 - Full Value Rates,

       No Deductible:         $1.65 per $100 of insurance,

       $250 deductible:      $1.45 per $100 of insurance,

       $500 deductible:      $1.10 per $100 of insurance.

You must also select the value for the remainder of shipment to be delivered. The formula to determine the value of shipment is a minimum of $4,000.00 or at $5.00 per pound multiplied by actual weight of your shipment.

Example: 5,000 lbs shipment will value at minimum of 5,000 x $5.00 = $25,000. Customer can choose a higher limit to the insurance policy, but not less than $5.00 per pound. 4,000 lbs is a size of a small 2 bedroom house or a large 1 bedroom apartment.

Calculations of a premium for $20,000 value policy or valuation protection is shown in an example below.

Example: If you select a value of $20,000 and Full Valuation coverage with $250 deductible, you will be responsible to pay a valuation charge of (20,000 x 1.45) = $290.00 as a part of your other service charges on the bill of lading.

Actual Cash Value protection insures recovery at the actual cash value (i.e. fair market values) of your lost or damaged item(s), up to the value you declare. The mover may charge for this protection. Full Value protection insures recovery at the full value (i.e. replacement value) of your lost or damaged items(s), up to the total value protection. You are responsible for deductibles unless an item is lost by the mover.