Moving to a new home is exciting—but it also comes with risks. Broken furniture, lost items, and accidental damage can turn your relocation into a stressful and costly experience. Moving insurance (also called valuation coverage) ensures your belongings are financially protected during transit.
In this guide, we’ll explain why you need moving insurance, the different types available, and how to choose the best coverage for a worry-free move.
Why Do You Need Moving Insurance?
Even with careful packing and professional movers, accidents happen:
📦 Damaged furniture (scratches, dents, breaks)
📦 Lost or stolen items (especially during long-distance moves)
📦 Delayed deliveries (leading to extra costs)
Without insurance, you could be stuck paying for replacements out of pocket.
Types of Moving Insurance Coverage
1. Released Value Protection (Basic Coverage)
- Included for free by most moving companies.
- Offers minimal protection (e.g., $0.60 per pound per item).
- Example: A 50-pound TV damaged? You’d get **just 30∗∗(50x0.60).
2. Full Value Protection
- Covers repair/replacement costs at current market value.
- Costs 1–3% of your shipment’s total declared value.
- Best for high-value items (antiques, electronics, art).
3. Third-Party Moving Insurance
- Purchased through specialty insurers (not the moving company).
- Offers more comprehensive coverage (e.g., accidental damage, theft).
- Ideal for international moves or expensive belongings.
What Does Moving Insurance Cover?
✅ Physical damage (drops, collisions, mishandling)
✅ Theft during transit (if movers are negligent)
✅ Lost items (if boxes go missing)
What’s Usually NOT Covered?
❌ Pre-existing damage (document condition before packing)
❌ High-value items (jewelry, cash—may need extra riders)
❌ Self-packed boxes (unless you prove proper packing)
How to Get the Best Moving Insurance
1. Take Inventory
- Photograph/video all items before packing.
- Keep receipts for expensive items (helps with claims).
2. Compare Moving Companies
- Check their insurance options and BBB reviews.
- Avoid “rogue movers” (fraudulent companies that hold items hostage).
3. Understand the Claims Process
- Report damage immediately (usually within 9–30 days).
- Provide proof of value (receipts, appraisals).
Cost of Moving Insurance
| Coverage Type | Cost | Best For |
|---|---|---|
| Released Value | Free | Minimal protection |
| Full Value | 1–3% of shipment value | High-value moves |
| Third-Party | Varies (get quotes) | Maximum protection |
Alternatives to Moving Insurance
- Homeowner’s/Renter’s Insurance – May cover moves (check policy limits).
- Credit Card Coverage – Some cards offer protection for moves.
Final Tip: Don’t Skip Insurance!
A single broken antique or lost laptop could cost thousands—far more than insurance premiums. Protect your move before loading the truck!
Have a moving horror story or tip? Share below! 🚛💨
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