A released value plan is offered at no cost andcovers very little under the current laws. For any given article oritem within the movers’ possession that is either lost or damaged, theclient has the right to collect only 60 cents per pound. A seven poundlaptop, which is on the heavy end these days, would only be worth $4.20in compensation under the released value plan. A ten pound stereo wouldbe written off at $6.00.

There is no assumption made that you want thisinsurance plan. It is free of charge but you must specifically detailon the paperwork that you are interested in this plan over the fullvalue protection plan. If you do not indicate that you would prefer thereleased value insurance, you will be charged for the full valueprotection plan and compensated under those laws in the event of lossor damage.

Each of these insurance plans is governedspecifically by the Department of Transportation rather than under theU.S. Insurance and state insurance laws. Therefore, not all U.S andstate insurance actions can be taken under the same assumptions asother types of insurance.