Limited liability Compensation from the moving company itself is limited to its own liability, and that figure should appear on your bill of lading. Moving insurance, per se, does not exist. This policy pays 60 cents per pound per article. Coverage amounts are subject to change and may vary according to state regulations, so check with your mover for the latest information. Here are some other moving buzzwords to learn.
Settlement is based on the depreciated value of the item.
Depreciation is not a factor in this type of coverage. The cost of full value protection varies from mover to mover and there is a minimum coverage level. It's usually better to get replacement-cost coverage if you can afford it, since you'll have to pay more for a new TV than what you'll get for your old one. The calculations get tricky. Naturally, cost increases with weight and you have the option of declaring a higher value.