There are two things that one can get out of a moving insurance. These are safety and peace of mind. These two are closely relate to each other. When you feel that your things are safe, you will have peace of mind. Same thing can be said about people who have peace of mind knowing that their things are safe.
The main purpose behind hiring a moving company to help you in your move is to ensure that your things are safe and sound. However there are times when things go out of hand. Considering how low the coverage is, it would be a huge risk to fore-go insurance if you know that your things are expensive.