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Faridabad Packers Movers Insurance Services
Protecting Your Household Goods - Valuation and Insurance Options for Interstate Moving Are you moving? There's a lot at stake when you move. There's the money you'll spend. The memories you're taking from one place to another. And, of course, there's your possessions, like furniture, family pictures and children's toys. When you move, your personal property - including valuables - is loaded onto a moving truck. And while most moves go smoothly, accidents do happen and some items may be lost or damaged during Goods Moving. Your Packers & mover is liable for the value of the goods you ask them to transport. But there are different levels of liability, and the one you choose will determine the type and amount of reimbursement you'll receive if an item is lost or damaged. You should be aware of the various types of protection available and the charges for each option. The two different levels of liability movers are required to provide are explained below and in Your Rights and Responsibilities When You Move, a booklet movers are required by Federal regulations to provide to interstate moving customers. Be sure to read this information carefully and follow the instructions provided to declare a value on your shipment
Faridabadpackersmovers.com offer two different liability options, referred to as valuation coverage:
Full Value Protection and Released Value
Full Value Protection :Under Full Value Protection, your mover is liable for the replacement value of lost or damaged goods in your entire shipment. This is the more comprehensive plan available for the protection of your belongings. Unless you select the alternative level of liability 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, at its discretion, offer to do one of the following for each item:
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Repair the item;
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Replace with a similar item; or
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Make a cash settlement for the cost of the repair or the current market replacement value.
Under this option, movers are permitted to limit their liability for loss or damage to articles of extraordinary value, unless you specifically list these articles on the shipping documents. An article of extraordinary value is any item whose value exceeds $100 per pound (i.e., jewelry, silverware, china, furs, antiques, etc.). Ask your mover for a complete explanation of this limitation before your move.
The exact cost for Full Value Protection varies by mover and may be subject to various deductible levels of liability that may reduce your cost. Ask your mover for details of their Full Value Protection plan.Released Value:Released value is the most economical protection available, since it is offered at no charge. However, the protection is minimal. Under this option, the mover assumes liability for no more
There is no additional charge for Released Value. However you must sign a specific statement on the bill of lading or contract agreeing to it. But remember, it compensates you according to the weight of the item, not its actual value. And, if you don't select Released Value, your shipment will automatically be transported at the Full Value Protection level of liability and you will be assessed the applicable charge.
Full Value Protection and Released Value are not insurance policies governed by State insurance laws, but instead are Federal contractual tariff levels of liability authorized under Released Rates Orders of the Surface Transportation Board of the U.S. Department of Transportation.
Third-Party InsuranceIf you select Released Value, some movers may also offer to sell or obtain for you separate liability insurance. The cost of this insurance is not included in the basic move and must be purchased separately by you. This is not valuation coverage governed by Federal law – it is optional insurance regulated by State law.
If you purchase this coverage, the mover remains liable for the amount up to 60 cents per pound per article, but the rest of the loss is recoverable from the insurance company up to the amount of insurance you've purchased. Your mover is required to issue the policy or other written record of the purchase and provide you with a copy at the time of purchase
You can also purchase insurance from a third-party insurance company. Before purchasing insurance, check your homeowner's insurance policy to see if you're already covered.
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Packing perishable, dangerous or hazardous materials in your household goods without your mover's knowledge.
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Choosing Released Value coverage when your household goods are valued at more than 60 cents per pound per article.
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Failing to notify your mover in writing about articles of extraordinary value.
Packing Moving Insurance Services Faridabad Haryana India: We believe in satisfying our customers from each corner. And we know that insurance of goods is all-important for the satisfaction of customers. So here we provide insurance coverage for all items to be relocated. Our prime concern is that any damage to your items occurred due to natural calamity, or accidental occurrence should not bother you. We perform all the essential formalities on the behalf of customers to save their valuable time
