Basic Liability vs Full Replacement
You basically have two options when choosing valuation, basic (minimum) coverage, or full replacement. In basic liability, the moving company (us or any other you choose) provides repair or replacement for up to a maximum of $0.60 per pound per article. There is no charge for this valuation option, but if you want it, you must choose it (remember the federal law part?) because if you leave valuation unselected, we have to default you to full replacement coverage.
Full replacement protection is much more comprehensive than basic coverage. In full replacement, you select the level of protection that covers the total value of your belongings. At a minimum, the value you declare must be equal to #6 per pound times the weight of the total shipment. However, you can use a higher rate per pound if you wish.
When considering which option to choose, make sure to think about any high value items such as artwork electronics or other valuable items. High Value Items must be declared separately in order to be covered at higher levels of protection. One final note, know that we are obligated to try and repair your item if possible before replacing it.
In our opinion...
We know we're one of the most reliable moving companies available, but that doesn't mean we're perfect and sometimes, things happen even outside our control. For this reason, valuation exists - to protect you. This isn't a place to try and save if you can help it, it's a place to make sure you know you're going to be protected in the (admittedly rare) event that something breaks.