Moving Insurance in Moncton: Basic vs Full-Value Protection Explained

When planning a move in or around Moncton, many people focus on packing, budgeting, or finding cheap movers, but often forget one key element: moving insurance. Whether you’re hiring movers in Moncton New Brunswick or looking for affordable long-distance movers, knowing your insurance options can help you protect your belongings and your peace of mind.

Let’s break down the difference between basic protection and full-value protection, and help you choose what’s right for your next move.

What Is Moving Insurance?

Moving insurance provides financial protection if your belongings are lost or damaged during a move. While reputable moving companies in Moncton NB such as CPM, take great care with your items, accidents can happen. Insurance helps cover the cost of repair or replacement depending on the level of protection you select.

Basic Protection: What’s Covered?

Most mover companies near you will automatically include basic liability coverage in their moving service prices. This is sometimes called “Released Value Protection” and it’s offered at no additional cost. However, it’s very limited.

Here’s how it works:

Coverage is based on weight, not item value.
Typically, you’ll be reimbursed around $0.60 per pound per item.
If your 10 lb. TV is damaged, you’d only receive about $6.

This option may work for those using cheap affordable movers and moving items of lesser value—but it’s important to understand its limits.

Full-Value Protection: Is It Worth It?

If you’re relocating valuable items or want more peace of mind, Full-Value Protection (FVP) is worth considering. This upgrade ensures that your mover is responsible for the actual cash value or replacement cost of any lost or damaged items.

Here’s what’s included:

Damaged items will be repaired, replaced, or reimbursed at current market value.
It may come at a cost but offers more comprehensive coverage.
It’s highly recommended if you’re trusting moving and storage services in Moncton with high-end electronics, furniture, or antiques.

FVP is often offered by recommended moving companies and can be tailored to your budget.

How to Choose Between Basic and Full-Value Protection

When comparing moving service prices, don’t just look at the base rate, look at what’s included:

Compare moving companies and see what kind of protection each offers.
Ask about their claims process and limits.
Consider how valuable your belongings are and how far you’re moving.

If you’re moving locally, basic protection may suffice. But if you’re making a long-distance move or relocating delicate items, affordable Moncton movers offering FVP may be the better choice.

Tips to Get the Best Moving Coverage

To make the most of your coverage, follow these moving tips:

Get an online moving quote and ask specifically about insurance options.
Use moving boxes Moncton residents trust; strong, durable, and stackable.
Keep a detailed inventory, especially for valuables.
Consider extra coverage for high-value items not covered under standard FVP.

Moving Insurance and Rates: What Moncton Residents Are Paying

Many people search for Moncton movers cost or want to know who the cheapest moving company is, but remember, the cheapest option isn’t always the safest.

Instead of simply looking for small movers near me or inexpensive moving companies, ask:

What insurance is included?
What’s their track record?
Can they handle long-distance or fragile items?

Doing a bit of homework now can save you hundreds later.

Why Choose CP Moving?

If you’re looking for the best Moncton moving services, CP Moving has you covered. We’re not just affordable Moncton movers, we’re fully licensed, experienced, and offer both basic and full-value protection tailored to your needs.

Whether you’re looking for:

Low cost moving services
Reliable moving helpers
Or top-rated moving insurance in Moncton

…CP Moving combines affordability with professionalism. Our team provides free quotes, full packing and unpacking, and both local and long-distance moving solutions. Plus, we make sure your items are covered every step of the way.

Ready to move safely and affordably?

👉 Get your free online moving quote today and discover why CP Moving is one of the most recommended moving companies in the Moncton area.

Final Thoughts

Moving insurance might not be the most exciting part of your move, but it’s one of the most important. Protecting your belongings should be just as high a priority as finding cheap movers or a moving truck.

So before you search for just any movers Moncton has to offer, take a moment to think about what’s really at stake, and choose a company that offers the right balance of cost and care.

Choose CP Moving, where your move is in safe hands.

Tina