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Reputable moving companies will do everything possible to insure that there is no damage to your household possessions. Even with the best intentions, damage may occur. We suggest that every individual obtain liability protection on their household goods shipment. It is your responsibility to declare the amount of coverage.
There are usually several options of valuation protection offered by moving companies. The types of coverage and cost vary so be sure to ask the mover about coverage before you move so you are prepared for the extra cost. Valuation is not insurance. It is a limited carrier liability set by tariff. In the event of loss or damage caused by the carrier during the move, the movers’ maximum liability is determined by the value at which the goods are released and the coverage provided by the contract.
Most professional moving companies offer Valuation Coverage:
Basic Value Protection: offered at no extra cost at aLocalVan, this coverage is based on the weight of the shipment and the individual item that is damaged. Usually liability is limited to $5,000.00 coverage based on 60 cents per pound per article.
Full Value Protection: This is the greatest level of protection provided. (The declared value must be a least $5.00 per lb. times the weight of the shipment). The settlement of a claim is based on the current value of the item if it can not be repaired properly. Some movers offer deductible options for replacement coverage. Any item the mover pays to replace becomes the property of the mover. (Go to cost table)
Articles Of Extraordinary Value: Any items which you wish transported by the mover that are valued in excess of $100 per pound per article must be declared on a separate inventory. Otherwise, the mover’s liability will be limited to $100 per pound per article (so your 2 oz. diamond ring will only be covered for $12.50!!) You might want to consider transporting certain items yourself: stamp or coin collections, cash, jewelry, legal and medical document, and other such special items. Some movers may even exclude these types of cargo.
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