Tuesday, July 5, 2011

Understanding Your Movers Liability

All licensed household goods moving companies are required to assume liability for the value of your belongings.  There are two different types of “valuation” coverage available that you should be aware of.  

Option 1: Full replacement protection.  Under this option articles that are lost, damaged or destroyed will be either repaired, replaced with like items, or a cash settlement will be offered; all at the movers expense. 

The cost for this coverage is determined by the value you place on your shipment (ie: $50,000.00 etc) and the deductible level you select. 

Option 2: Basic coverage.  Under this option the mover’s liability is limited to $0.60 per pound per article.  Damage claims are settled according to the weight of the piece x $0.60

For example, a 200lbs dresser that is damaged during the move would be offered a settlement of $120.00 (200lbs x $0.60)
This coverage is provided to each individual shipper at no charge.

Due to the wide disparity that may occur between the two options, it is best to fully understand your selection prior to move day.  Do not hesitate to contact one of our Certified Moving Consultants for further information.  

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