What is Moving Insurance? Everything You Need to Know

If you’ve looked to hire a moving company, you’ve probably heard about moving insurance. Whether you’re moving down the block or across the country, you want to know that your possessions are not only being taken care of but that you also have a backup plan in case of damage or loss. To help you separate the noise from the vital facts you would like to grasp regarding moving insurance, we’ve put together an easy-to-use guide.
First, what exactly is moving insurance?
Before moving into the main points, it’s vital to notice that moving insurance isn’t truly insurance. Instead, moving companies offer what is called valuation. Valuation functions like insurance: the moving company ensures compensation for your belongings in case of damage or loss. However, moving companies aren’t certified to sell insurance and aren’t governed by federal regulations that apply to other types of insurance. Ultimately, for all intents of purposes, and for your peace of mind, valuation functions the same way as insurance.

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