What is the difference between insurance and valuation?

When hiring a moving company to move your belongings, make sure you understand the difference between insurance and valuation. Some people confuse the two, but they are distinctly different.

Insurance will either replace or reimburse you for merchandise damaged or lost during shipping, and it also covers natural disasters like floods, earthquakes or fires. There is also often a deductible associated with it.

Valuation is the estimated worth of your belongings as determined by the moving company, and sets a limit on the amount of money they will reimburse you in the event of damage or loss. This is typically very low, and often amounts to less than a dollar per pound for your possessions.

Speak to a moving company representative today to determine rates for insuring your belongings during your move.

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