MONTCLAIR, N.J., July 23, 2012 /PRNewswire/ -- Relocation Insurance Group (dba Moving Insurance LLC) announces the arrival of an all-new moving insurance product. The product is designed to assist interstate moving companies that were required to adopt expanded Full Value Protection regulations effective May 15.

The innovative product, known as Full Value Protection (FVP) Insurance, joins the company's expansive line-up of moving insurance and relocation insurance products. "Until now, moving insurance products covered customer goods only. This policy is unique because it covers customer goods while also insuring the moving company," says Relocation Insurance Group CEO, Gadi Binness.

"The FVP Insurance Policy saves moving companies time and shields them from the negative effects of household goods and cargo claims," Binness explains. Moving companies across the nation know firsthand that these claims could deteriorate their motor cargo policy loss ratios, causing higher rates or in worse cases, cancellation.

Other desirable features of the new Full Value Protection Insurance policy include:

• Simple monthly billing with no annual premium
• Compliance with states' DOT, US DOT and STB requirements
• Broad protection with deductibles as low as $500 and limits as high as $500,000
• Underwritten by A rated specialty insurance carrier, Catlin Group
• Coverage of customer goods while in carriers' possession (typically excluded in motor truck cargo policies)

Moving companies and insurance brokers interested in learning more can download a "Full Value Protection Insurance Get Started Kit" or call a Full Value Protection Insurance Specialist at 888-893-8835, ext. 112.

"For years, we have served consumers with convenient, affordable moving coverage. Now, our Full Value Protection Insurance provides moving companies the same convenience and peace of mind," Binness says.

About Catlin Group

Catlin Group Limited is a global specialty property / casualty insurer and reinsurer, writing more than 30 lines of business. It has six underwriting hubs located in London/UK, Bermuda, the United States, Asia Pacific, Europe, and Canada. A worldwide team of more than 1,600 underwriters, actuaries, claims specialists and support staff allows Catlin to provide a comprehensive and excellent service. For more information, visit http://catlingroup.com.

About Relocation Insurance Group

Relocation Insurance Group, LLC (dba Moving Insurance, LLC) is a property and casualty insurance agency specializing in the relocation industry, licensed in all 50 states. Established in 2003, Relocation Insurance Group has revolutionized the way consumers purchase moving insurance. The relocation insurance program provides coverage through a network of more than 2,000 affiliated relocation companies. For more information, visit http://www.relocationinsurance.com.

Contact: Gadi Binness
GadiB@RelocationInsurance.com
Relocation Insurance Group, LLC
Phone 973-509-5239

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SOURCE Relocation Insurance Group, LLC