We understand the importance of protecting your belongings during a move. That’s why we offer various valuation coverage options to give you peace of mind. This page outlines your coverage options, including those mandated by federal law and additional protection available through our services and third-party providers.
Federal Law and FMCSA Regulations
Under Federal Motor Carrier Safety Administration (FMCSA) regulations, all moving companies are required to offer two types of liability options:
Released Value Protection (Basic Coverage):
- This is the most economical protection available and is included in your moving fee.
- It provides minimal protection, compensating at 60 cents per pound per article in case of damage or loss.
Full Value Protection:
- Offers more comprehensive coverage.
- In case of loss or damage, your mover is liable for the replacement value of lost or damaged items.
- This option may involve additional charges.
- We provide Full Value Protection to safeguard your belongings.
- Under this plan, if any item is lost, damaged, or destroyed, we have the option to either repair, replace with a similar item, or settle in cash for the repair cost or current market replacement value.
- This coverage requires an additional fee, which varies based on the value of your belongings and the level of protection you choose.
- Please call us at (303) 481 8194 for more details and to opt for Full Value Protection.
- For those seeking additional protection or specific coverage needs, we recommend visiting movinginsurance.com.
- This platform offers various third-party insurance options that provide different levels of protection based on your unique needs.
- Third-party insurance can be a suitable option for high-value items or for more comprehensive coverage beyond what standard moving valuation offers.
- Assess Your Inventory: Consider the value of your items and what it would cost to repair or replace them.
- Understand the Coverage: Ensure you understand the extent and limitations of each coverage option.
- Consider Additional Insurance: For high-value or sentimental items, additional insurance may be prudent.
FAQs About Valuation Coverage
No, valuation coverage is the liability that a moving company assumes. Moving insurance is a separate policy for additional protection.
If you don’t select Full Value Protection, your shipment will be transported under the Released Value Protection, which offers minimal compensation.
Yes, third-party insurance providers like movinginsurance.com offer policies for specific items or additional coverage options.
Choosing the right valuation coverage is crucial for the protection of your belongings during a move. At Movers On Demand, we are committed to providing you with options that meet your needs and give you confidence in the safety of your items. For more information and to select the best coverage for your move, please contact us at (303) 481 8194.
