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No one wants to anticipate problems –
loss or damage – during a move. However, even the best
planned and executed move may encounter difficulties. It is
important that you fully understand your mover`s liability
in the event that any of your goods are lost or damaged during
your move.
A mover’s liability is governed by the valuation statement
on the Bill of Lading, which is the contract for the move.
There are three basic types of liability coverage:
Limited Liability
This represents the minimum coverage required
by law at $.30/lbs. If an item is lost or damaged during your
move, you would receive a payment at the rate of $.30 per pound.
This kind of basic coverage is designed to cover the mover’s
basic liability and does not provide you with substantial protection.
Added-valuation
This is an optional coverage that you should
purchase. In the event of loss or damage, this kind of coverage
would assure payment based on the actual value of the item,
at the current replacement cost, minus any depreciation up to
the limit of the coverage. The cost for this type of coverage
is $5 for every $1,000 of valuation placed upon the items included
in your move. This more realistic approach to valuation places
more of the financial responsibility on the mover. We recommend
this for up to $5000.
Insurance Policy
If you are moving antiques or high-end furnishings,
you may wish to consider purchasing a separate insurance policy
to provide you with more substantial coverage. You may first
wish to check your Homeowners Insurance Policy to see if your
property is covered in transit. Your insurance carrier can provide
you with more details about this option. We would recommend
additional insurance coverage with our perferred vendor movinginsurance.com
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