Sometimes, no matter how careful we try to be, accidental loss or damage may occur on your move. We offer two choices of transit protection plans for your consideration on long distance moves:
Released Value Plan
This basic coverage is included with your move at no additional cost. Claims for loss or damage is based on the weight of the damaged item multiplied by 60 cents per pound. For example, if a chair weighing 30 lbs. was damaged or lost, the settlement would not exceed $18.00 (30 lbs X 60 cents)
In the unlikely event of a total loss (by fire, for example), your maximum protection would be 60 cents per pound multiplied by the weight of your entire shipment. Example: if your shipment weighed 10,000 lbs the maximum settlement would be $6,000 (10,000 lb shipment X 60 cents per lb. = $6,000.00)
This protection, although not recommended, is adequate if you have alternate insurance on your household possessions that provides a complete, all risk protection during loading, unloading, transportation and storage. Check with your insurance agent. You will probably find that most homeowner policies do not cover you in this situation. Occasionally, a special rider can be purchased but the premium is usually higher than purchasing replacement protection coverage from the mover.
Replacement Value Plan
The Replacement Plan simply means that if the damaged item cannot be repaired to its original condition it will be replaced at today’s market price. This protection is limited only by the amount of valuation you select so it is important that you establish a realistic replacement value of all of your possessions. The only requirement is that your shipment be protected to a minimum of $10.00 per pound multiplied by the actual weight of your household goods. Example: If the total weight of your household items is 10,000 pounds, the minimum replacement coverage can’t be less than $100,000 (10,000 lbs. x $10.00 per lb). Your moving consultant can provide you with the cost for the Replacement Value Plan as well as information on declaring items of extraordinary value including antique vehicles.