All About Boulder Moving Insurance
No matter how flawlessly you have planned your move, something unexpected could always occur which could affect your possessions. That’s why our Boulder moving company always suggests considering moving insurance. It is there to protect you and your valuable belongings. In the event that something was to get lost or damaged in the moving process, you get reimbursed. Plus, under Federal law, interstate movers must offer two different liability options referred to as valuation coverage.1
Full Value Protection
The full value protection is when your mover is liable for the replacement of you lost or damaged goods. This plan is more comprehensive, a bit lengthier, and it means your mover will either try to repair the item, replace it with a similar item, or pay a cash settlement.
“Under this option, movers are permitted to limit their liability for loss or damage to articles of extraordinary value, unless you specifically list these articles on the shipping documents. An article of extraordinary value is any item whose value exceeds $100 per pound (such as jewelry, silverware, china, furs, antiques).”1
Released Value Protection
The released value protection plan is more affordable and is offered at no additional cost. In this plan, “the mover assumes liability for no more than 60 cents per pound per article. For example, if your mover lost or damaged a 10-pound stereo component valued at $1,000, you would only receive $6.00 in compensation (60 cents x 10 pounds).”1
The weight of your belongings is taken into account rather than the true value of your possessions. Therefore, you are required to sign a document stating you understand this insurance policy. Remember, though, that these are liability coverages that are not authorized by state insurance laws, but by the Surface Transportation Board of the US Department of Transportation.
In the case where you choose the Released Value Protection plan with your moving company, you could additionally purchase a separate liability insurance that would cover anything after the 0.60/pound your movers are liable for. This additional third-party moving insurance is not part of your moving package and is governed by state laws. It is important to remember that each state has their own liability coverages, so each moving company will customize it to their rules and regulations.
Our Boulder moving company can further explain, in full detail, about our moving insurance options. We listen to you regarding your value protection needs, and our Boulder movers will help you determine which options are best for your unique circumstances.
Trusted Boulder Full-Service Movers
Talk with one of our professional movers about a full-service moving experience and what that entails. Our wide variety of services are available to make your transition to your new home as seamless as possible from start to finish. With our Boulder packing service, our expert packers make sure to properly pack all of your belongings in the comfort of your home and then unpack them in your new home. If you’re worries about moving so far away and making sure everything goes smoothly, the Boulder long-distance movers are available to put your mind at ease while they manage your move, no matter the distance.
Contact us to learn more about our moving insurance and our free, no-obligation moving quote.
1. Federal Motor Carrier Safety Administration – Understanding Valuation and Insurance