Relocating your home or business is already a high-stakes operation—emotionally, physically, and financially. Yet amidst all the planning and packing, many overlook one critical detail: moving coverage. Most people assume their items will be safe, and if anything does go wrong, their moving company will fully reimburse them. Unfortunately, this assumption can turn a stressful situation into a nightmare.
Understanding when it’s worth buying extra moving coverage is not just smart planning—it’s a strategic investment in peace of mind. In this blog, we’ll break down what moving coverage really means, the different types available, and when it’s worth paying for more than the basic protection. Whether you’re hiring a premium service like Big Bear Movers or shopping around for different rates, this is information every customer needs.
What Is Moving Coverage, Really?
Moving coverage refers to the liability your moving company assumes for your belongings during a move. This is not the same as insurance in the traditional sense. Instead, it’s a level of liability that is legally required of movers. The most common types include Released Value Protection and Full Value Protection. Understanding the difference between these will guide your decision.
Released Value Protection: The Bare Minimum
Released Value Protection is the default level of coverage movers are required to provide by law. It doesn’t cost anything extra—but it only compensates you at about $0.60 per pound per item. That means if your 10-pound TV gets destroyed, you’ll receive just $6. This is obviously not ideal for expensive electronics, heirlooms, or luxury furniture.
Full Value Protection: The Comprehensive Option
Full Value Protection allows for reimbursement at the actual market value of a damaged or lost item, repair of the item, or replacement with a similar one. This level of protection is significantly better, but it usually comes at an additional cost. However, if you’re moving valuable items or have a complex relocation ahead, this added expense might be well worth it.
When Should You Consider Buying Extra Moving Coverage?
There are scenarios where skimping on coverage is simply not an option. If any of the following situations apply to you, purchasing extra moving protection is not just a good idea—it’s practically a necessity.
You’re Moving Long Distance
The longer the distance, the greater the risk. Cross-country or inter-state moves often require multiple stops, transfers, or storage intervals. Each added step increases the possibility of loss or damage. If you’re relocating to a new state or across the country, investing in Full Value Protection makes sense.
Big Bear Movers offers long-distance services that prioritize careful handling and secure transport, but even the most reliable movers can’t control unforeseen road incidents, weather delays, or accidents.
You Own High-Value Items
If your move includes high-end electronics, musical instruments, luxury furniture, antiques, or rare collectibles, Released Value Protection simply won’t cut it. The reimbursement wouldn’t come close to replacing these items. In such cases, purchasing extra coverage ensures you won’t be left holding the bag—literally and financially.
You’re Storing Items Temporarily
Many moving projects involve temporary storage—whether at a facility or in transit. Storage presents unique risks, including fire, flooding, or theft. If your items will be stored for any amount of time, Full Value Protection or third-party insurance adds an extra layer of assurance.
Even though Big Bear Movers works only with secure, climate-controlled storage partners, accidents do happen. Investing in coverage for stored goods is often overlooked until it’s too late.
Are There Alternatives to Moving Company Coverage?
Some homeowners assume that their renter’s or homeowner’s insurance covers belongings during a move. While this can be partially true, these policies often don’t extend to items in transit or being handled by a third party. Always consult your insurance provider to understand the exact limits of your existing coverage.
Third-Party Moving Insurance
If you’re not satisfied with what your mover offers, you can purchase third-party moving insurance. These policies are more like traditional insurance and may offer broader coverage options, including damage from natural disasters, mold, or mildew. It can be especially useful if you’re transporting sensitive or irreplaceable items.
Credit Card Perks
Some premium credit cards offer limited protection on purchases or travel-related incidents. In rare cases, this may include coverage for items moved by a professional service. However, it’s best to read the fine print or speak with your card provider directly. Relying on these perks without confirmation is risky.
The Hidden Costs of Skipping Extra Coverage
People often opt out of extra coverage to save a few hundred dollars. Ironically, this decision can end up costing them thousands in unrecoverable losses. Imagine a scenario where your smart TV, gaming console, and several pieces of custom furniture are broken or lost during the move. If you’re relying on Released Value Protection, your total reimbursement might barely cover one replacement chair.
Emotional vs. Financial Value
Not all losses are monetary. Family heirlooms, photo albums, or handcrafted items may be irreplaceable. While Full Value Protection won’t restore sentimental value, it at least acknowledges their financial worth. Choosing better coverage is not only a rational move—it’s often an emotional safeguard as well.
Legal Disputes and Delays
Without adequate coverage, any claims you make may be contested or delayed, especially if the value of the item is in question. Even reputable companies like Big Bear Movers will have limitations on what can be reimbursed under minimal protection. Investing in higher-tier coverage helps streamline claims and avoids drawn-out disputes.
How Much Does Extra Coverage Cost?
The cost of extra moving protection depends on the declared value of your belongings, the distance of your move, and whether you’re using additional services like packing, unpacking, or storage. On average, Full Value Protection can cost between 1% and 2% of the total declared value of your shipment.
For example, if you declare $30,000 worth of goods, you might pay between $300 to $600 for Full Value Protection. While that may seem high during an already expensive move, it’s a small price to pay for full reimbursement on damaged or lost items.
Situations Where Basic Coverage Might Be Enough
Of course, not everyone needs comprehensive protection. If you’re moving a short distance and most of your items are inexpensive or easily replaceable, you might feel comfortable taking the risk. Minimalists or those who are relocating temporarily without major possessions might be fine with the default coverage.
But even in these cases, it’s worth considering whether saving a few dollars now is worth the potential stress and loss later. It all comes down to what you’re willing to risk—and how much trust you place in your movers.
Making the Right Call for Your Move
Choosing the right level of coverage isn’t just about budgeting—it’s about understanding your risk tolerance, the nature of your belongings, and the specific details of your move. For many people, buying extra coverage is a no-brainer. For others, it might require a bit more cost-benefit analysis.
At Big Bear Movers, we’re committed to providing our customers with transparent options and expert advice. We guide you through the moving process from start to finish, and that includes helping you choose the best protection for your situation.
Final Thoughts
When is it worth buying extra moving coverage? The answer lies in the value of what you’re moving, how far you’re going, and how much peace of mind matters to you. If the thought of losing or damaging your belongings fills you with dread, then paying a bit more for additional coverage is a wise and worthwhile investment.
Protection is not about expecting the worst—it’s about being prepared just in case. And when you’re trusting a moving company with nearly everything you own, it makes sense to secure that trust with strong, clear, and comprehensive coverage.
Explore professional moving solutions and customizable coverage options with Big Bear Movers today. We’re here to move more than just boxes—we move your life with care, responsibility, and trust.