Standard moving insurance — called released value protection — pays only $0.60 per pound for damaged items. A 50-lb flat-screen TV destroyed in transit gets you just $30 in compensation. Before you sign any moving contract, here is exactly what your coverage does and does not include.
What is released value protection?
Released value protection is the free, default coverage required on every interstate move. It values your belongings at $0.60 per pound, regardless of actual worth. It is not insurance in the traditional sense — it is a minimal liability standard. About 80% of consumers don't realize this is their default until something breaks.
How does full value protection compare?
Full value protection (FVP) makes the carrier liable for the replacement value of any damaged item. It costs roughly 1–2% of your shipment's declared value but dramatically increases your protection.
| Feature | Released value | Full value protection | | --- | --- | --- | | Cost | Free | ~1–2% of declared value | | Payout basis | $0.60 per pound | Repair or replacement value | | Best for | Budget moves, cheap goods | Households with valuable items | | Damaged 50-lb TV ($800) | $30 | Up to $800 |
When should I buy third-party moving insurance?
If you own high-value items — fine art, antiques, electronics — buy a separate policy from a third-party insurer. Specialized fine art transport carriers offer fine-arts replacement coverage that standard movers cannot match. Estimate your overall budget first with the moving cost calculator.
How do I file a moving damage claim?
Document everything at delivery, note damage on the Bill of Lading before signing, and file in writing within your contract window (typically 9 months for interstate moves). For a step-by-step walkthrough, read our moving damage claim guide and learn to read your Bill of Lading.
What documentation should I keep?
- Your signed Bill of Lading and inventory list
- The carrier's certificate of insurance
- Timestamped photos of valuables before and after the move
- All written estimates and your declared value form
Protect yourself before you book — compare verified carriers and request quotes that clearly state their valuation options on moving.art.