Understanding Moving Protection
Take a moment to learn about our moving protection options.
Full Value Protection v. Moving Insurance
Mayflower’s Full Value Protection plan is designed to compensate you if something happens to your belongings that we are moving for you during the moving process. Subject to important conditions, we can repair items that have been damaged and replace items that are not repairable or have been lost, up to a minimum amount that you declare*. Our aim is to make things right in the event of the unexpected. However, our Full Value Protection option is not insurance, like the insurance coverages that may be provided by your homeowners policy, because you don’t have to prove our negligence caused the loss or damage. Instead, subject to certain limits, we will be responsible for your claims; our Full Value Protection option reflects the monetary value of that responsibility. Insurance is a very different legal transaction and with different policy terms are different across providers and that coverage should be discussed directly with your insurance provider.
How does Mayflower’s Full Value Protection option work?
Basic Full-Value Protection Option Included in Every Initial Quote
The standard amount of Full Value Protection is calculated by multiplying the estimated weight of your shipment by $6 per pound. For example, if the weight of your shipment is 6800lbs, the amount of your valuation would be 6800 multiplied by $6, totaling $40,800. Before we commence loading your shipment, you can always increase the amount of your valuation as well.
Minimum Liability Valuation Option
If you decide to opt out of the basic Full Value Protection option – that is included upfront in every initial moving quote – you will still be covered by the minimum valuation option (required by law) which equates to $0.60 per pound per article. However, we highly recommend against this option due to the fact that it can leave you vulnerable to monetary loss, depending on which item for which you need to file a claim. For example, if you have us move a TV for you, and that TV weighs 30lbs, and it is lost or damaged during you move, you would only receive 30lbs multiplied by $0.60 per pound which would total $18 for your TV.
Increased Declaration – Full Value Protection
You have the option to declare a higher value than the basic amount included in our Full-Value Protection option for an additional charge. You can increase your valuation amount at any time, all the way up to when we begin loading your shipment.