Full-Value Protection
Full-value protection is moving insurance that reimburses the customer for the full repair or replacement cost of any item the mover damages or loses, minus any deductible.
Unlike released-value protection (which pays 60 cents per pound), full-value protection requires the mover to either repair the damaged item, replace it with a comparable item, or pay its current cash value. The customer pays an additional premium for this coverage, calculated based on declared shipment value and an optional deductible.
Full-value protection is strongly recommended for moves that include antiques, fine art, electronics, musical instruments, or any items the customer would not want to lose at 60-cents-per-pound rates. Boston Best Rate Movers offers full-value protection as an add-on at booking — customers declare the total value of their shipment and choose a deductible.
Related Terms
Released-Value Protection
Released-value protection is the minimum cargo coverage a federally regulated mover must provide at no cost, paying 60 cents per pound per damaged item.
Cargo Insurance
Cargo insurance is a third-party insurance policy that protects against loss or damage to the goods being transported in a moving truck.
Valuation Coverage
Valuation coverage is the umbrella term for the mover's liability for loss or damage to a customer's belongings — it is not the same as insurance, even though it functions similarly.
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