Moving can be a complicated and sometimes risky process. Sometimes incidents occur which run against even your well-made plans. No one wants to expect loss or damage during moving, but even in the most well-planned move, one can encounter difficulties. It is very helpful to gain an understanding of your mover’s liability policies just in case you encounter any problems that result in the loss or damage of your property during the moving process. A mover’s liability is determined by the valuation statement on the Bill of Lading. I include this in the writing in your moving contract. One typically encounters the following three types of liability coverage. Consider each one to determine which one best suits your particular needs.
One of the more basic forms of coverage you will encounter is the Limited Liability type. This refers to the minimum coverage required by law. Limited liability typically runs at $.30 per pound. This means that with limited liability if you incur damages to your property during the moving process, you will receive a liability payment at the rate of $.30 per pound. This is the most Basic type of protection available, and while it is better than nothing, it does not provide the customer with a lot of protection.
The second option to consider is the Added Value option. This is an optional form of coverage that comes highly recommended for purchase. With this option, the plan covers the actual value of. If of an incident, this kind of coverage will protect any item as long as I declared it in the original contract, and assure payment based on the full value of that item, at the current replacement cost. We strongly recommend the added value option. This is true if your move includes items that have a value which exceeds $5,000. Moving customers who purchase added value, and end up needing to use it, are always grateful that they did. Better safe than sorry.
The final option you might consider is to take out a separate insurance policy to cover your move. This involves contacting a third-party insurance provider to purchase coverage for your move. This is helpful if you wish to move difficult or impossible to replace valuables. If you intend to move antiques or high-end furnishings, you should a separate insurance policy to provide you with complete coverage for these items. Many homeowners’ insurance policies have options for covering the move of expensive items. Check with your insurance provider to see if it covers your property for a move.