What is moving insurance?

Collegian Movers does not sell any kind of insurance. Insurance is legally only sold by licensed agents. Regulations only permit moving companies to offer moving cargo coverage options on your shipment.

Moving valuation coverage is a type of policy that protects your belongings during a move. It provides coverage in case your items are lost, damaged, or stolen while they are being transported from one location to another.

Two Types of Valuation Coverage Collegian Movers Offers

  • Full-Value Protection Cargo (FVP) – This type of valuation is only for items declared pre-trip, from pick-up, packing or crating, transport, and delivery. It must be purchased prior to your move. With FVP, you get more extensive coverage than basic coverage, but it is still not the same as using insurance.
  • Released Value Protection (.60¢/lbs.) – We provide this coverage FREE for every move. This valuation is our basic, bare minimum coverage. This coverage provides a limited amount of protection based on the weight of the items being moved. It covers $0.60 per pound per item. For example, if you had a 100-pound dresser that broke during the move, you would receive $60 for it. *It’s important to note that your items are not covered at a market value price.

We recommend that you check your current homeowners’ or renters’ insurance policy to see if it covers your goods while you are moving.

All claims are subject to a $250.00 deductible.

Things Not Covered With Valuation Coverage

Some conditions that limit your mover’s liability include:

  • Not informing movers of packed perishable, dangerous, or hazardous materials.
  • Damage to self-packed items or boxes.
  • Failing to inform your mover in writing if any items hold significant value prior to the move.
  • Loss of household goods due to a natural disaster, such as a hurricane.

Third-Party Insurance

You can also purchase moving insurance from a third-party insurance provider. This can provide you with additional protection and peace of mind during your move. Additionally, you might want to check if your homeowners or renters insurance policy already covers the items that your moving company’s insurance does not cover before opting for third-party insurance. Although it’s not very common, it’s still possible that your existing policy already provides such coverage. This is not sold by Collegian Movers.

Do I Need Extra Moving Valuation Coverage?

Whether or not you need moving valuation coverage depends on the value and price of your belongings and your preferences. For example, if you’re moving to Florida during prime hurricane season, it may make sense to opt for insurance to protect against potential water damage. On the other hand, if you’re moving locally and are primarily concerned about the possibility of your movers breaking your cherished William Sonoma plate set, a valuation option may be a better choice.

It’s important to carefully review your moving insurance options and choose the coverage that best meets your needs.