Occasionally, items can get lost or damaged in the moving process. So, in choosing the proper coverage to protect your possessions during the move, make sure to assess your needs before finalizing your protection.
Basic Liability
Your items are usually covered at 60 cents per pound, per item – regardless of their actual value. Cost: Usually Free
Declared Value Protection
An improvement over basic coverage, Declared Value Protection offers coverage for the replacement value of lost or destroyed items, minus depreciation. Cost: Usually based on the declared weight, lump sum or per-pound value of your shipment, subject to certain minimums.
Extra Care Protection/Customer Transit Protection (Canada)
A high level of protection. If an item is lost or destroyed, most companies will offer the full replacement cost – regardless of the item’s depreciation. Ask about this option at full value or with a deductible. Cost: Usually dependent on the value of the declared shipment.
Regardless of which plan is most appropriate for your circumstances, remember to ask your moving counselor to explain each alternative carefully. It's also a good idea to review your homeowner's insurance policy to determine whether or not it provides coverage for any especially valuable items such as crystal, antiques or collectibles during a move.
