Am I protected against loss or damage while my goods are in transit?

Yes, but how much protection you have and its cost depend on the valuation coverage you selected.

The most important thing to understand is that valuation is not insurance. The valuation you choose determines the basis upon which any claim will be adjusted and the maximum liability of the carrier. The liability of a carrier for loss or damage is based upon the carrier’s tariffs, as well as federal laws and regulations that have certain limitations and exclusions. Most household insurance policies cover goods in transit, but it is advisable to confirm this with your insurance provider