International movers usually offer several insurance options, which are commonly referred to as ‘moving valuation’ options. International moving valuation works differently than moving valuation in the United States. While Basic Valuation, also known as Limited Liability Protection, and Full Value Protection are usually still offered on international moves, All-Risk Insurance and Total Loss Insurance options are also commonly offered.
The U.S. Government requires all moving companies to offer Basic Valuation or Limited Liability Protection free of charge with every move. This level of moving valuation protects your items at 60 cents per pound. Therefore, if any items are lost or damaged during the move under Basic Valuation coverage, the moving company will reimburse you 60 cents per pound per item lost or damaged. For example, if you have a 50-pound flat-screen TV that your moving company damages, they only have to reimburse you $30, no matter the actual value of the TV.
Since the limited required coverage does not meet every customer’s needs, most moving companies offer Full Value Protection at an additional cost. Under this plan, the moving company will repair, replace, or refund you the fair market value of any item lost or damaged during the move. However, you must list items valued at over $100 per pound on an Items of Extraordinary Value Declaration for your moving company to be liable for them.
On international moves, many moving companies also offer all-risk and total loss Insurance. All-risk insurance is only available for items packed by the moving company and is based on the value of each item. Although it usually comes with a deductible of $500 to $1000, the moving company will cover the full replacement cost of any lost or damaged items under this plan. If you choose to self-pack, you can opt for total loss insurance, which will compensate for the cost of your move if your items are considered a total loss.
For Triangle Movers, the protection of your belongings is our main priority. We offer various insurance options tailored to fit individual needs. We will guide you through our insurance and moving valuation options, so you have all the information you need to pick the plan that fits your needs. If an unfortunate event occurs, leading to damage or loss, our straightforward claims process ensures timely resolution, putting your mind at ease. If you have further questions, please contact us at (845) 566-0288.