Released Value Insurance

Released value is a type of valuation offered to moving customers. There are three levels of valuation; released valuation, Actual cash value or depreciated valuation, or full value replacement valuation or FVR. Released value valuation is basic, bare bones coverage. Although it is free to the customer, it only provides minimal coverage if an item is damaged, lost, or destroyed. Released value coverage will only reimburse the customer $0.60 per pound per article. For example, a king mattress that weighs 100 lbs. is ruined during the move. The claim would be settled at just $60 (.6 x 100) Arpin of RI recommends that customers consider their valuation carefully before making any decisions.