How is Insurance and Valuation different?
Insurance will offer protection against “acts of God” (e.g. floods, hurricanes, earthquakes, etc.) and will cover you specifically for the replacement cost of the items listed on your valued inventory. This is one of many reasons to consider insurance over valuation. When buying insurance, you will receive an actual policy from an insurance company, rather than a note on your Bill Of Lading issued by the mover when purchasing the valuation. Also, by purchasing insurance, you are contracting an independent third party to assist with any claim settlement required after your move, which provides a certain level of quality management with any mover approved by insuramove.
