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:
Option 1 - Released Value
of 60 Cents Per Pound Per Article
This is the most economical option
available. This level of protection is provided at no additional
cost. However, it only provides minimal protection. Under this
option, the mover assumes liability for no more than 60 cents
per pound per article for loss or damage. This means that claims
are settled based on the weight of the individual article(s)
multiplied by 60 cents.
Option 2 - Full Value
Protection
This is the most
comprehensive plan available for protection of your goods. Under
this option, you have two choices for establishing your mover's
maximum liability on your shipment:
•
You can declare a value based
on the weight of your shipment items and amount of not less
than $4.00 per pound, or
•
You can declare a higher lump sum amount
(for example, $30,000).
The
Cost for Option 2:
Additional Charge
You Will Pay
If The Value You Place On Your Shipment
Is:
$0 Deductible
$15 Per $1000
$250 Deductible
$10 Per $1000
$500 Deductible
$5 Per $1000
$15,000
$225.00
$150.00
$75.00
$20,000
$300.00
$200.00
$100.00
$25,000
$375.00
$250.00
$125.00
$30,000
$450.00
$300.00
$150.00
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
