A contents protection plan acts as insurance for your belongings while they are in transit. Every moving company is required by law to provide at least two moving insurance options. The minimum legal requirement is 60 cents per pound for your belongings. This means if any damages occur, you receive 60 cents in reimbursement for each pound your belongings weighed.
This can be problematic for expensive yet lightweight items like computers or other electronics. Because of this, many companies offer a full-value coverage plan. This plan allows you to receive reimbursement based on the declared value of your items.