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Declared Value Protection

By , About.com Guide

Definition:

Declared Value Protection (DVP) is used to determine the value of your goods should movers lose of break items during your move. It's based on the depreciated value, meaning it's current value less the amount it has depreciated over time. This is usually set at $1.25 per pound. Remember to always check to make sure your things are properly insured before you move.

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