Definition
Released value is basic moving insurance (60 cents per pound of goods shipped). Minimal coverage coming standard with moves, results in minimal cost. Inadequate for valuable households.
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Released value offers minimal coverage, typically 60 cents per pound of goods shipped. This basic coverage comes standard with most moves and results in minimal cost. Released value coverage is inadequate for valuable households. Upgrading to full value protection is recommended for most moves.
Pro Tip
Released value coverage is insufficient. Upgrade to full value protection to protect household possessions.
Example
Released value coverage on 10,000 pounds of goods provides only $6,000 maximum coverage despite item value being $50,000.