When hiring a moving company it’s important to understand valuation charges—the level of liability coverage a moving company provides for your belongings. Many people assume their household goods are fully insured during a move, but standard valuation coverage is limited. Knowing your options can help you make informed decisions and protect your valuables.
What Are Valuation Charges?
Valuation charges refer to the mover’s liability for lost or damaged items. Unlike traditional insurance, which you purchase from a third-party provider, valuation coverage is the level of protection a moving company offers under federal and state regulations. Oregon moving companies must provide at least two levels of coverage:
- Released Value Protection (Basic Coverage) This is the default, no-cost coverage offered by all licensed moving companies.
Coverage is limited to $0.60 per pound per item.
If a 50-pound TV is damaged, the mover is only liable for $30 ($0.60 x 50 lbs.), regardless of its actual value.
This option is not full replacement coverage, so it may not be sufficient for high-value items. - Full Value Protection (FVP) A premium coverage option that offers greater protection for your belongings.
The mover is responsible for repairing, replacing, or compensating you for damaged or lost items at their full market value, but is still limited based on the total cost of your move. This is an Oregon statute and not controlled by your mover.
Cost varies depending on the declared value of your items and the moving company’s specific policy.
Some movers in Oregon may require a minimum valuation amount for FVP.
Do Oregon Moving Companies Require Additional Insurance?
While valuation coverage is required by law, it is not traditional moving insurance. If you need additional protection, you can, and we highly recommend:
- Purchase third-party moving insurance for full-value reimbursement.
- Check if your homeowner’s or renter’s insurance covers moving-related losses.
How to Choose the Right Valuation Coverage
When hiring a moving company, consider these factors to determine the best valuation option:
- Value of Your Items – If you have high-value furniture, electronics, or antiques, opting for Full Value Protection or third-party insurance is a smart choice.
- Moving Distance – The risk of damage increases on long-distance moves, so additional protection may be beneficial.
- Cost vs. Risk – Basic coverage is free but provides minimal reimbursement, while FVP comes with a fee but offers better protection.
Key Takeaways
- Valuation is NOT insurance but a mover’s liability for your belongings.
- Basic coverage ($0.60 per pound per item) is included at no extra cost.
- Full Value Protection offers better coverage but comes at an additional charge.
- Third-party insurance can provide extra security beyond valuation charges.
- Always review your moving company’s valuation policy before signing a contract.
By understanding valuation charges for moving, you can choose the right level of protection for your relocation. Work with a licensed Oregon moving company that provides transparent valuation options to ensure your belongings are covered.