Valuation Protection

What Are Your Valuables Worth? Let’s Talk Valuation Protection

Have you thought about how much your belongings are worth? In the unlikely event any of your things are damaged or lost during your move and it’s our fault, Eager Beaver Moving and Storage provides Valuation Protection coverage options to assist in their repair or replacement. 

What is Valuation Protection?

Valuation Protection is a form of limited liability protection that pays out an amount of money based on the weight of the damaged or lost item. This is different from regular insurance that typically pays based on the cost or replacement value of the item.

While the various valuation options can increase the level of protection, valuation typically does not provide full protection, especially in the case of very high-value or precious items. For this reason, valuation is often combined with home insurance coverage. It is always recommended to contact your home insurance provider to determine your policy coverage for moving.

All moving companies in Canada are required to provide a basic level of valuation protection at 60 cents per pound. However, if you have higher-value possessions, you can choose from increased Valuation Protection options. Please note that certain items are not covered under any valuation protection. For details, refer to the Disclosure of Terms and Conditions in the Contract for Service.

Option One: Released Rate Liability (Basic)

Released Rate Liability (RRL), is included at no extra cost and provides basic coverage of $0.60 per pound per article. For example, if an item weighing 100 pounds is damaged, the valuation payout would be 100 x 0.60 = $60.00. Single items are limited to a maximum settlement amount of $500 per item.

This is a good option when you have an alternate source of insurance, or you are comfortable with self insuring against loss or damages. 

Option Two: Deluxe Value Protection

Deluxe Value Protection provides increased coverage of $5.00 per pound per article ($200 deductible). 

This is a good option when your things are of higher value and the combination of basic RRL valuation and your insurance do not provide enough coverage. 

Coverage is limited to $2500 CDN per single item. Single items of $2500 and greater must be identified to the movers prior to handling and itemized on the bill of lading under special instructions.

Option Three: Premium Value Protection

Premium Value Protection provides enhanced coverage of $10.00 per pound per article ($300 deductible).

This is a good option when your things are of premium value and the combination of basic RRL or deluxe valuation and your insurance do not provide enough coverage. 

 Coverage is limited to $5000 CDN per single item. Single items of $5000 and greater and must be identified to the movers prior to handling and itemized on the bill of lading under special instructions.

Items of Extraordinary Value

Items valued much higher than $5.00 or $10.00 per pound valuation options per article are considered “Extraordinary Value” and must be declared and indicated on the bill of lading under special instructions. Extraordinary Value items must be professionally packed and/or crated by the mover or his agent before moving.

Valuation Cost

Valuation Coverage Limits & Pricing

Pricing Examples

Typical one-bedroom house 7000 lbs

Valuation Cost

Pricing Examples