Valuation to cover your contents during the moving companies care and transporting. The liability of a company has regulated options available for customers. Please take the time to review the contents of this page.
Carriers – Moving Companies are required to provide you with a form in relation to your 3rd party selection only if it was suggested by the Moving Company itself.
Interstate moving companies are required, by Federal law, to offer you two alternatives for valuation coverage: (1) Full Value Protection and (2) Released Value Protection. You can also purchase (3) Third-Party Insurance, coverage from an outside insurer.
(1) Full Value Protection
Your mover will be liable for the replacement value of lost or damaged goods. In terms of protection, this is the preferred choice. However, it does cost more. Unless you select the alternative coverage described below—Released Value—your mover will transport your shipment under the Full Value Protection level of liability. If any article is lost, destroyed or damaged while in your mover’s custody, your mover will have the option to repair it, replace it, or offer you the money to replace it at current market value. The policy may be subject to deductibles and varies cost-wise, by mover. It is important to understand your mover’s specific terms.
(2) Released Value Protection
Released Value coverage is offered by moving companies at no additional charge, but the protection is minimal. The mover assumes liability at a minimum of $0.30 to $0.60 cents/lb. per article for local moves, intra-State moves, or $0.60/lb. per article for interstate and international moves. For example, if your mover loses or damages a 10-pound television valued at $1,000, you will only receive $6.00 in compensation (60 cents x 10 pounds).
(3) Third-Party Insurance
You also have the option of purchasing insurance from an outside company. Your moving company will still be liable under the Released Value Protection plan. The remaining amount is recovered from the third-party insurer, up to the Before purchasing insurance, check your homeowner's insurance policy to see if you're already covered, although generally this is not the case.
DOCUMENT AND INVENTORY VALUABLE ITEMS
Taking photographs is the best way to document the condition of your possessions. Accidents are rare with a professional mover, but they do happen. In cases of damaged or lost articles, you will have to establish the item existed. (If you have maintained all record keeping for items this would validate the original purchase information pertaining to this item.
INSURE VALUABLE ITEMS
You may decide that certain items are irreplaceable and either move them personally, or purchase higher coverage. Your existing homeowner’s insurance policy, most likely, will not cover damages incurred to objects outside your home, but check with your insurance company or consult a nationwide insurance company first. If you wish to take out additional coverage for belongings being moved interstate, consult a nationwide insurance company, like: Moving Insurance.com and Baker International Insurance.
Any questions contact us to discuss the Valuation Options governed by each State for local and moves within the state you reside. Inter-State moves are regulated Valuation Options. It is our policy to provide you our customer with the details necessary to have your move go as smooth as possible from having All My Sons Moving & Storage of Hilton Head and Savannah to be available from start to finish. Our Goal is your satisfaction…..
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