Nudd suggests adding endorsements, riders or enhancements to your current policy or consider insurance coverage offered by the mover. Most customers would probably find it inadequate, to say the least. If it's not catastrophic to replace, this might be one way to do it. Here, according to the association, are some other coverage levels most moving companies will offer. Coverage amounts are subject to change and may vary according to state regulations, so check with your mover for the latest information.
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. If you're wondering what the most popular coverage is, according to 1999 figures compiled by the American Moving and Storage Association, most people opt for full value coverage without a deductible. Tuck says it's similar to an insurance policy but no physical policy is written. It's a valuation option or a liability option as opposed to true insurance issuance.