Moving insurance protects your belongings if something is lost or damaged during a move. Most local movers include basic coverage at no extra cost, but it's often limited. This guide explains what's included, when to buy more, and how to file a claim.

What Movers Include by Default

Most local movers include "released value" or "basic" coverage at no charge. It typically covers 60 cents per pound per item. So a 50-pound TV gets about $30 in coverage. A 20-pound dresser gets about $12. That's usually not enough to repair or replace damaged items. It's the legal minimum. See our local move cost guide for how movers structure their services.

Coverage Type	What It Pays	Typical Cost
Released value (basic)	60¢ per pound per item	Included
Full-value protection	Replacement value of damaged/lost items	1–2% of shipment value, or flat fee
Third-party insurance	Varies by policy	Purchased separately from insurer

Full-Value Protection

Full-value protection covers the replacement cost of damaged or lost items, not just 60 cents per pound. If your $800 TV is destroyed, you get $800 (or the cost to replace it). Movers usually charge 1–2% of the declared value of your shipment, or a flat fee. For a $5,000 shipment, that might be $50–$100. Ask your mover about options before the move. Our guide on finding reputable local movers suggests getting coverage terms in writing.

When to Consider Extra Coverage

Consider full-value protection if you have expensive electronics, antiques, artwork, or high-value furniture. Basic coverage won't come close to replacing a $2,000 laptop or $3,000 sofa. For a small studio with mostly IKEA furniture, basic coverage may be enough. For a 2-bedroom with nicer items, full-value is often worth it. See our 2-bedroom move cost and studio moving cost guides for context.

What Your Renters or Homeowners Insurance Covers

Some renters and homeowners policies cover belongings during a move. Check your policy. Coverage may be limited (e.g., only for certain perils) or may require a rider. Your deductible applies. If you have good renters insurance, it might be enough for a local move. Confirm with your insurer before you rely on it. Our moving day timeline suggests keeping valuables with you.

Third-Party Moving Insurance

You can buy moving insurance from a third-party insurer. These policies can offer broader coverage than what movers provide. Compare the cost and terms to the mover's full-value protection. For local moves, the mover's full-value option is often simpler. For high-value shipments, third-party insurance may be better.

What Usually Isn't Covered

Most policies exclude damage from improper packing by you, or from items you were told not to ship (e.g., hazardous materials). Pre-existing damage usually isn't covered. Jewelry, cash, and important documents are often excluded; keep those with you. Ask your mover for a list of exclusions. Our same-building move tips and moving day timeline include what to keep off the truck.

How to File a Claim

Note any damage on the bill of lading before you sign. Take photos. Contact the mover in writing (email is fine) as soon as possible. Many companies require notice within a specific time (e.g., 9 months for interstate; check your contract for local). Keep receipts for repairs or replacements. The mover will review the claim and either pay, deny, or negotiate. If you have full-value protection, the process is more straightforward. If you're stuck, contact your state's consumer protection office or the BBB. See our finding reputable local movers guide for how to avoid problems in the first place.

DIY Moves and Insurance

When you rent a truck and move yourself, the rental company's cargo coverage is usually minimal. Your renters or homeowners policy may cover items in the truck. Check before you go. Some rental companies sell additional insurance. Compare the cost and terms. Our DIY truck vs movers guide covers the tradeoffs.

Declaring Value for Full-Value Protection

If you choose full-value protection, you may need to declare the total value of your shipment. Be realistic: undervaluing can limit your recovery; overvaluing can raise your premium. Take an inventory of major items and estimate replacement cost. Electronics, furniture, and collectibles are the main categories. Our 2-bedroom and studio move cost guides help you understand typical shipment sizes. Ask your mover how they calculate and charge for full-value protection.

High-Value Items

Jewelry, cash, important documents, and irreplaceable items should stay with you. Most policies exclude them or limit coverage. If you must ship something valuable, ask about special handling and coverage. Some movers offer additional insurance for specific high-value items. Antiques and artwork may need appraisals for full-value claims. When in doubt, carry it yourself or use a specialized shipper. Our moving day timeline suggests keeping an essentials bag with you.

Summary

Basic moving coverage (60 cents per pound) is included but rarely enough. Full-value protection costs extra but covers replacement value. Consider it if you have expensive items. Check whether your renters or homeowners policy covers moves. Note damage on the bill of lading, take photos, and file claims promptly. Use our moving cost calculator to budget your move, and ask about insurance when you get quotes. For more on costs, see our local move cost guide and best time to book.