Is Moving Insurance Worth It?
Yes — if you're moving across state lines or relocating high-value items, moving insurance is worth it for peace of mind and real financial protection. While basic coverage may be free, full-value protection or third-party policies can save you thousands in the event of damage or loss.
Key Takeaways:
- Basic mover liability is often limited (60 cents/pound).
- Full-value protection covers repair, replacement, or cash.
- Third-party insurance can supplement high-value moves.
- Most policies cost less than 1% of your move’s value.
- Moving insurance is especially smart for long-distance or corporate relocations.
Why Moving Insurance Matters
Accidents happen. Even with top-rated movers, items can get:
- Crushed in tight truck spaces
- Damaged during loading/unloading
- Lost in transit on multi-day moves
Federal regulations require movers to offer limited protection, but this coverage is often minimal. Understanding your options can mean the difference between a covered claim and a costly loss.
Types of Moving Insurance: What Are Your Options?
1. Released Value Protection (Basic Coverage)
- Included for free by licensed movers
- Only reimburses $0.60 per pound per item
- No additional cost, but very limited
2. Full-Value Protection (FVP)
- Covers full replacement, repair, or cash value
- Usually costs ~1% of total move estimate
- Must be declared on your bill of lading
“Families moving cross-country often assume they’re fully covered, when in reality, they’re only protected for pennies on the pound. Full-value protection is the smart move for long-distance relocations.”
— Jordyn, Mover Consultant at MoverMatch
3. Third-Party Moving Insurance
- Separate policy (especially for valuables or high-risk moves)
- Offers broader coverage: natural disasters, mold, storage
- Recommended for moves with expensive electronics, art, or heirlooms
Is Moving Insurance Worth It for Long-Distance Moves?
Absolutely. The longer the haul, the higher the risk. Between multiple hand-offs, long drives, and storage stops, state-to-state moves come with more opportunity for damage.
According to AMSA, nearly 20% of long-distance moves report damaged or missing items.
Quick Decision Table: Is It Worth It?
| Move Type | Insurance Recommended? | Why |
|---|---|---|
| Local move (<50 miles) | Optional | Minimal transit risk |
| Interstate move | ✅ Yes | Higher damage/loss risk |
| Corporate relocation | ✅ Yes | Often involves valuable equipment |
| DIY move (U-Haul, etc.) | ✅ Yes (3rd-party) | No protection included unless separately purchased |
| Moving expensive items | ✅ Absolutely | Antiques, artwork, tech require better coverage |
How Much Does Moving Insurance Cost?
- Basic Released Value: Free
- Full-Value Protection: ~1% of total move estimate
- Third-Party Insurance: ~$200–$500 depending on declared value
Pro Tip: Ask your moving company to itemize insurance options in your quote. Then compare third-party offers to see which policy offers the best deal.
Compare Quotes From Insured Movers — Save up to 30%
When Should You Skip Moving Insurance?
You might consider skipping full coverage if:
- You're only moving short distances
- You’re transporting low-value, replaceable items
- You have a strict budget (but remember, the risk is yours)
However, if you’re moving:
- Across state lines
- With fragile or high-value items
- During winter (higher damage risk)
...then moving insurance is absolutely worth it.
What Moving Insurance Doesn’t Cover (Read the Fine Print!)
Even full coverage has exceptions. Typical exclusions include:
- Items you packed yourself (unless inspected)
- Damage due to natural disasters (unless covered by 3rd-party)
- Jewelry, cash, personal documents
- Mechanical failure of electronics (if not visibly damaged)
Always ask for a copy of the coverage details before signing.
What to Look for in a Moving Insurance Policy
- ✅ Declared value of goods
- ✅ Deductibles (some start at $250)
- ✅ Coverage limits per item and per claim
- ✅ Claim filing process and timeline
- ✅ Option to add on storage protection
Pro Tip: Create a photo/video inventory of your items before the move — it strengthens your claim.
FAQs About Moving Insurance
No, but it's strongly recommended — especially for long-distance or high-value moves.
Usually not. Standard homeowner’s insurance doesn’t cover belongings once they’re in transit unless you add a rider.
Yes — you'll need third-party moving insurance. Companies like MovingInsurance.com offer policies for DIY movers.
You’ll likely only be compensated at $0.60 per pound — even for items like TVs or laptops.
Start by reviewing the mover’s process. Most require written notice within 9 months of delivery. Keep photos, receipts, and documentation ready.
Expert Opinion: Is Moving Insurance Worth It?
Yes — and here’s why. Whether you’re moving a few states over or cross-country, the cost of replacing damaged items can easily exceed the price of insurance. For just a few hundred dollars, you can protect thousands in value and reduce moving-day stress.
