Changing house or office is exciting but mind freaking also. Shifting and moving each and every belonging safely. Choosing the right removalists or moving companies for this task, shopping for new stuff, etc. Hiring the right moving company is essential but the right moving insurance package is most important for the complete safety of your goods. Because many times it happens that we take care of everything but still it gets damaged. For proper safety and security of your goods, you take moving insurance that ensures the proper valuation of your stuff and perverse its value too.

Moving Champs advises you whether you are shifting in local or any other country, you must take moving insurance. This moving insurance is like a backup for all your important stuff if in case any damage or loss happens. It works like other normal insurance like vehicle insurance that prevents the value of the vehicle if any damage or accident happens. Moving Insurance protects your goods from any damage while shifting and moving and it is available in different ranges. People basically take insurance for piano, pool table, antiques, bathtubs, etc. Before you choose what type of insurance you need for your belongings, Moving Champs advise you to read this full blog to know everything about moving insurance. This will make your decision easy and help you to choose the right insurance for goods.

What Is Moving Insurance / Valuation?

damage of any article during moving

Misfortunes can happen anytime to anybody or anything. In 90% of the cases while moving somethings get damaged or distorted after packing properly also. So it is important to take moving insurance to recover the value of your goods. Removal insurance is nothing but the valuation provided by your moving company. This valuation works as insurance for your goods and bonds a commitment between you and your moving company. However, if any damage happens your moving company will compensate for that damage.

As Moving companies are not insurance providers or not any government body to sell insurance, therefore they provide a valuation of your goods to assure you and this valuation works like moving insurance. In short, moving insurance is just a bond of valuation of your goods that helps to protect them from any uncertainty or mishappening. There is just one thin line between moving insurance and valuation that is insurance is just coverage for the damaged goods but valuation is the cost that should be paid by the moving company if any damage happens to your goods.

So, always read all the terms and conditions before moving forward with your moving company. Now, there are different types of valuation and other terms that you must know before your relocation journey.

What Are The Different Types Of Valuation / Moving Insurance?

image of word insurance

Moving companies basically offer two types of moving insurance or valuation for all kinds of relocation but there are three kinds of valuation to protect the goods. You can choose any type of valuation that suits your moving and ensures the safety of your goods. All the reputed and professional movers offer the following valuation options on your goods.

Released Value Protection

When you don’t have many fragile or damage-prone goods or if you are relocating your goods to local areas, then choosing released value protection can be a good decision. Released value protection is the basic valuation package that is offered by moving companies. The customer needs to ask for this and must agree to all the contractual terms and conditions of coverage.

It is not expensive. In this type of valuation, you don’t need to pay anything extra but it serves you very little protection and coverage. Under released value protection, if any loss or damage to any good happens, then it will not be compensated or repaired by the moving company.

Key Point To Remember:

  • Released Value Protection serves compensation or coverage up to $0.60 per pound for goods.
  • It doesn’t cost anything.
  • It is doesn’t cover full valuation.
  • Good for short-distance relocation.

Full Value Protection

This the best option to protect your goods if your moving interstate or out of the country. Full value coverage offers complete protection and more valuable than released value protection. This policy of valuation costs you a bit but serves comprehensive valuation coverage of goods towards any damage or loss. In this moving insurance, your moving company will take all the responsibility for your goods which they are relocating. They provide a full-value replacement of the damaged goods.

According to the worth and per pound of your goods, you have to pay a premium amount of coverage. Most moving companies have their own moving policy for full-value protection and some serve minimum value to claim on your goods.

Key Point To Remember:

  • Serve full coverage on all your goods.
  • A bit expensive than released value protection valuation.
  • The moving company will repair all broken items.
  • Replace or provide cash settlement on lost items.
  • It provides a minimum of $6 per pound of goods.
  • It doesn’t provide coverage to very expensive and extraordinary items.

Many companies provide additional insurance coverage on extraordinary items like antiques, pianos, and other valuable goods. The higher the value of extraordinary goods, the more you have to pay the premium of your valuation.

What Doesn’t Cover By The Moving Insurance / Valuation Offered By Moving Company?

There are many situations under which moving companies will not provide any valuation for your goods. Anything that happens due to natural disasters is will not be compensated by the moving companies. Here are some of the other conditions under which you won’t get any compensation for your goods:

  • If you will pack your items on your own, then you won’t get any compensation for any damage.
  • If you don’t tell about damage or loss as soon as possible to your mover. Basically, its time period is up to 6 months after moving.
  • When you don’t check what goods are going to be covered under your valuation policy.
  • If you move dangerous things without notifying your moving company.
  • If you yourself damage any item while moving then it will not be compensated under the valuation.

Third-Party Options

damage and lost due natural disaster

Many people seek outside the moving company to protect the value of their goods from any damage and loss while moving from one place to another. This is called the third-party option. It also depends on the size and market value of your goods. Their different types of premiums fall under this third-party option.

Key Points To Remember:

  • Third-Party insurance covers damage from natural disasters.
  • It is a bit costly than a full-value protection policy.
  • It serves coverage to extraordinary items that are more than $100 per pound.

At last whatever you choose for the proper protection for goods, must read and compare all the terms and conditions of the moving company that what is going to be covered. Double-check everything!

Is Moving Insurance Important Every Time?

Moving insurance is always beneficial and we highly recommend taking insurance for your goods whenever you shift from one place to another. After all, at the end of the relocation process, you don’t want to find your belongings waste and damaged. It may also depend on how many valuable things you are carrying to your new place. If you are having too much stuff, then you should ask your mover for a full-coverage insurance policy, and with this, you must appoint your moving company for full packing services.

What Should Be Paid For Valuation Coverage?

It is not a fixed charge, the pay for the valuation coverage varies from place to place and company to company. It also depends on the size and worth of your goods. But make sure that you are just paying only for those articles which you want to be secured under the moving insurance. Read the documents and policy properly before your relocation.

If you are hiring house removalists or office removalists, then choose a full value coverage. And if you want to move some items more securely then you choose an additional coverage service. The additional coverage with full-value protection also varies from company to company so be aware of what price you are going to pay. Basically, the premium on full-value protection is 1% of your total shipment.

How To Find Best Valuation?

man and woman

Ok! Now you have proper knowledge about moving insurance and valuation but still confused that valuation is right for your move. Here are some factors that help you to find the right valuation package for your goods:

  • Determine the overall worth of your belongings which you want to protect under insurance.
  • Do some calculations to determine if released value protection is sufficient.
  • If you’re moving long-distance then choose full-value coverage.
  • Additional coverage for extraordinary articles.

 We hope you get all the necessary information regarding moving insurance and valuation. But if you still have some questions and queries then don’t hesitate, ask anything regarding moving to the experts Moving Champs in Brisbane.

Call on – 1800849008
Email –
To start your fully insured moving journey, ask for a free quote!

Related Articles


Moving With Pets Is Now Easy In Brisbane

House relocation is a mind bursting process. Thinking of shifting to a new place seems very easy and exciting but moving in the real-world is very difficult. Moving with kids and elder people still easy because they can understand a little bit about the house removing...

read more
Open chat