Valuation Coverage & Moving Insurance Options
As required by the Federal Motor Carrier Safety Administration, Safebound Moving & Storage is fully insured and carries valuation in the required amounts for public liability, property damages, and any cargo lost or damaged. This moving valuation coverage protects against catastrophic loss as well as damage caused by fires and other external sources.
Our moving and storage company in West Palm Beach offers several moving valuation coverage options to our customers. Our team is committed to keeping your items safe and protected by providing first-rate moving and packing services as well as offering multiple types of liability. These are our available insurance valuation coverage options:
Released Value Protection
Offered at no additional charge, this is the most economical option for our customers. This standard valuation coverage is applied to all items transported, particularly during long-distance and interstate moves. Under this option, liability coverage amounts to $0.60 per pound per article. Released value protection is determined based on the weight of your items, not their actual value. Customers who choose this option will need to sign a specific statement on their bill of lading.
Full Value Protection
If you are interested in a higher rate of replacement-cost coverage, consider full value protection. This is the more comprehensive moving valuation coverage option available to customers that have booked interstate moves. Under this option, our long-distance movers in Florida can do one of the following in the event of a moving damages claim.
- Repair the item
- Replace with a similar item
- Make a cash settlement for the cost of the repair or the current market replacement value
Our movers at Safebound Moving & Storage are permitted to limit our liability for any losses or damaged goods to a cap of $100 per article unless you specifically list these articles on your shipping documents. For items with values greater than $100 per pound (such as jewelry, antiques, silverware, china, etc.), you must individually identify these high value items and declare their correct value before you move to receive proper additional valuation coverage.
Third-Party Moving Insurance
Safebound Moving & Storage does not offer moving insurance for customers to purchase. Only trained and licensed professionals and third-party insurance companies are permitted to sell moving insurance. To increase the coverage for your shipment, you do have the option of purchasing moving insurance from a third-party insurance company. If you have homeowner’s insurance, be sure to check your policy before purchasing moving insurance. Moving damages may already be covered.
Learn More About Your Moving Valuation Coverage Options
At Safebound Moving & Storage, our trusted team of moving crews and moving consultants is committed to delivering problem-free moving experiences to every one of our customers. In addition to providing exceptional moving services, we also offer several moving valuation coverage options to give our customers peace of mind. To learn more about the relocation protection we offer for local, long-distance, and interstate moves, please contact us or give us a call today!