Moving insurance options

Moving insurance options define the types of coverage that protect personal belongings during a move, with choices including released value protection and full value protection. Released value protection covers items at $0.60 per pound per item, as mandated by federal law for interstate moves.

Full value protection requires movers to repair, replace, or reimburse lost or damaged goods up to their declared worth. Third-party insurers like Baker International offer policies covering high-value items such as jewelry and electronics above standard mover liability limits.

Homeowners insurance may extend limited coverage for theft or damage in transit but typically excludes breakage; check policy specifics from providers like State Farm and Allstate, as confirmed by YourInsuranceInfo. Specialty moving insurance can cover natural disasters–such as floods or earthquakes–not included in basic mover liability plans.

Moving companies must provide written explanations of all available insurance options before signing contracts, according to Federal Motor Carrier Safety Administration (FMCSA) regulations. Exclusions often apply to boxes packed by owners (“PBO”), so verify if your provider–examples include United Van Lines and Mayflower–covers self-packed items under their policies.

Claims processes require prompt documentation: most insurers set deadlines between 9 months (federal minimum) and 30 days for reporting loss or damage after delivery.