What is Valuation?You can have the best company, All n 1 Stop and the best moving crew, but accidents do occur. Most moving companies offer Released Value Coverage, also known as Limited Valuation Coverage for your goods; technically, that does not translate to insurance. Instead, it refers to how much a moving company will pay for your belongings if they are damaged or lost by the moving company. Valuation is regulated by the State or the Federal Government. (The State where you’re making a local move. The Federal Government when you’re making a move that crosses State lines). All licensed moving companies include the basic valuation in the cost of your move. All n 1 Stop provides basic valuation, $.60 per pound per item. Additionally, the age and depreciation of the items are considered in the claims settlement.An example of how Released/Limited Valuation WorksReleased Value or Limited Valuation is based on how much something weighs. So a one pound bag of sugar and a one pound bag of diamonds is valued exactly the same. If it’s worth more than $.60 per pound per item to you, you may want to purchase additional insurance from a third party that sells insurance NOT from your moving company.
Moving InsuranceTo ensure you are completely covered, first, check with your homeowners insurance as they may provide you with insurance while moving. Another option to consider if an accident happens, purchasing moving insurance under a Full Value Protection Plan. It is a great and smart idea. “Moving insurance” is offered through a Third-party seller, for more information go to: Movinginsurance.com.