Am I protected against loss or damage while my goods are in transit?


Yes, but the amount of valuation protection varies upon which you select. The valuation option you choose determines the basis upon which any claim will be adjusted and the maximum liability of the carrier. The liability of a carrier for loss or damage is based upon the carrier’s tariffs, as well as federal laws and regulations that have certain limitations and exclusions. Valuation is not coverage. This is important to understand. It is the liability of the moving company. Check with the provider of your homeowner’s coverage to find out if you are covered for moving. Often you will find that you are.

Released Liability Protection – This type of protection is free, yet only provides the bare minimum coverage and is not enough for almost all shipments. Released liability protection pays $0.60 per pound per article if lost or damaged. So, a piece of furniture weighing 75 lbs would receive a settlement of $45. You will be asked to initial the bill of lading if you select this coverage.

Replacement Value Protection – This is the most comprehensive type of coverage, most often referred to as “RVP.” If you purchase RVP, articles will be repaired or replaced to their full value if they are damaged or lost. Depreciation of the lost or damaged item is not a factor in determining replacement value when the shipment is moved under replacement value protection.

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