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Insurance Facility

Most movers and packers company offer their own insurance. Valuation is a different term and must not be confused with insurance. Valuation is a carrier liability and is usually based on weight.

The insurance coverage only applies to cases in which the negligence of the carrier can be proven. It covers your property by assessing the three different value categories described below:

Standard Coverage: Movers provide you with minimum insurance for every item. This coverage is based on weight alone, and is required by law to be at least $.60 per pound. So if your 1 lb. autographed baseball was destroyed during the move, standard coverage would only insure it for $0.60.

Assessed Value Coverage: This coverage defines the amount that you must pay to cover the full replacement value of a property if it is damaged due to the negligence of the carrier. If the computer you bought for $2,200 now goes for $300, the current price is all that's covered.

Full Replacement Value Coverage: This coverage is based on how much you must pay to cover the full replacement value of any of your property if it is damaged due to the negligence of the carrier. Under this coverage, the carrier must pay to obtain a new replacement, no matter the cost, of any piece of property damaged.