Local Moving

What about Insurance? How are values determined?”

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