Your Guide to Interstate Relocation Insurance
All licensed movers must carry cargo insurance, for the customers and the company’s protection. This translates into cargo valuation coverage in the amount of 60 cents per pound per article.
Obviously, this is basic and limited coverage for covering your belongings.
Remember: Movers Are Not Insurance Companies!
Some moving companies offer different options for increased coverage, but you should remember that no interstate moving company is an insurance company.
If your long-distance mover has offered to sell you increased insurance coverage directly, then this is increased valuation, NOT INSURANCE.
This increased valuation means that for your interstate move your relocation company has agreed to be liable for damages above the $.60 per pound limit (usually this maxes out at around $5.00 per pound).…