Valuation (Mover Liability)
Definition
The level of financial responsibility the mover assumes for your belongings. Not technically insurance - it is a liability agreement. Two levels: released value ($0.60/lb, free) and full value protection (replacement value, paid).
Valuation is the legal term for the mover's liability for your household goods. It is distinct from insurance: valuation is a liability agreement between you and the mover, while insurance is a separate policy from an insurance company.
Two options are required for interstate moves: Released value protection (free, $0.60 per pound per article, minimal coverage) and full value protection (paid, current replacement value, comprehensive coverage).
The mover must explain both options and obtain your written selection before loading. If you do not make a selection, released value is applied by default.
Valuation covers loss, damage, or destruction during the move. It does not cover items excluded from the mover's liability (hazardous materials, items not on the inventory, pre-existing damage) or events outside the mover's control (Acts of God).
For additional protection beyond the mover's valuation, consider third-party moving insurance. This is an actual insurance policy from a licensed insurer and may cover situations that the mover's valuation excludes.