Valuation Options

Our objective at Ace Moving & Storage is to make our customers’ moving experience better by providing them with all the information they need. When a Certified Moving Consultant does a phone or in-home survey of your household belongings, they will have already started a conversation with you regarding Valuation Options. Since there is some confusion about the terms insurance and valuation, we thought it would be good to explain what the terms imply, why we use them, and what that means for you.

Federal government rules and regulations

States and the federal government regulate the rules and regulations that moving businesses must follow. The state of Virginia and the federal government both compel movers to provide their clients a compensation for the things they are moving or storing. The issue arises when the phrases Insurance and Valuation are used interchangeably. While there are similarities between the two notions, there are significant differences.

Valuation Options provide protection for both the Moving Company and the Customer, but they are not the same as “insurance” in the legal sense. The valuation of goods determines a level of compensation in the event that the items being moved or stored are lost or damaged. Increased Valuation Options also imply an increase in the degree of compensation offered by Mover for a fee. Moving Insurance, on the other hand, uses an insurance contract to transfer the compensation granted by the moving company straight to the insurance agent in exchange for a specific premium. Because of the coverage given and the administrative processes required to bring it into action, moving insurance prices are often higher.

Contact Ace Moving & Storage and choose the Valuation Option that is suitable for you

There are numerous Valuation Options to pick from, so you may choose one that best meets your relocation needs. Ace Moving & Storage can either replace, repair, or offer a settlement for any item that is destroyed, damaged, or lost. If some of your belongings need to be repaired, they will be returned to the same or comparable appearance and condition as before the transfer. We may also choose to replace an item with one of comparable quality and kind, or reimburse you for the cost of replacement or repair. Whether you pick the Full Replacement Value Option or another option, we will do all we can to fulfill your expectations. Contact us to learn more about the many valuation options available; our specialists would be pleased to assist you in choosing the best one.