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Moving 101: Glossary of Moving Terms - V

Valuation
Valuation is not insurance. Basically it is an amount that reflects the value of your good for the purposes of the move.

Valuation offered by your moving company is a tariff level of carrier liability based on the weight or volume of your goods.

Valuation covers your property by assessing value in three different ways:

• Assessed Value Coverage
• Full Replacement Value Coverage
• Standard Coverage

Valuation only covers your goods for damage or loss if you can prove negligence on the part of your movers. Valuation does not cover any loss or damage due to acts of god, (earthquakes, tornadoes, hurricanes) riots, strikes, civil commotion, etc. and all claims are settled by employees of the moving company that damaged the goods.

The valuation charge compensates the mover for assuming a greater degree of liability than that provided for in the base transportation charges.

Van
This term is commonly used in the moving and relocation industry to describe any kind of a moving truck. A van can range from as small as a small van through 46 feet trucks up to large 80 foot long tractor-trailer.

Van Operator
The driver, assigned by your moving company to drive the vehicle carrying your household items.

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