What is valuation?
Valuation is NOT insurance. Valuation is the amount of liability a moving company will accept for the value of your goods if damaged or lost while in their possession. Valuation is limited to the moving company’s own coverage, and in many cases is as low as $0.60 per lb. per item.
- Please note insurance provides a Full Replacement Value coverage, meaning it will compensate for the replacement value of the damaged or lost item. Valuation will pay the Actual Cash Value of the item, meaning, the depreciated value only. Valuation programs offer limited coverage and will not provide full compensation.
- When you purchase valuation, you purchase it from the vendor which provides you with the moving service.
Be prepared to make this decision on move day, don’t wait till the day of and regret it. Protect your valuables.
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