Definition: A valuation charge is another term for moving insurance that is based on the assessed value of your goods. A valuation charge protects your things should they be lost or damaged during a move. The amount that your things are covered vary by company. Make sure you ask your movers how much they insure then decide if you need to purchase more insurance.
Remember, valuation charges are usually calculated per pound. Valuation charges may range from 40-80 cents per pound. So when determining if you need extra insurance, figure out how much you'll receive in compensation for your most expensive items.
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Types of Insurance
Also Known As: insurance or valuation protection
