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Basic Carrier Liability
Basic
Carrier Liability is limited to 60 cents per pound per article.
This minimal amount of liability that must be provided to
any consumer when transporting goods is called “released
value”. There is no extra charge for this minimal protection.
Whether you move locally or long distance the mover that
you will use must provided you this. If moving locally,
please consult your mover in your state on what is the minimal
liability for that state. When moving out of state the minimal
liability that the mover assumes for not more than 60 cents
per pound per article. Under this coverage if a 10-pound
item valued at $ 1,000 was lost or damaged and you agreed
to a released value of shipment, the mover would be liable
for no more than $ 6.00.
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Declared
Value Protection
This
coverage is subject to an additional charge to a minimum
of $ 1.25 time the weight of your shipment. This coverage
is based on depreciated value of an item regardless of current
replacement cost. The whole shipment is covered at
a value not to exceed the dollar amount that you, the customer,
declare. With this option the mover assume liability for
the entire shipment at an amount equal $1.25 per pound times
the weight of your shipment. For example, if your
shipment weights 8,000 pounds, the mover will be liable
for loss or damage up to $ 10,000. Though you have made
no specific arrangements for this plan, the mover is entitled
to charge you $ 7.00 for each $ 1,000 of liability charge
of $70 will be added to your bill for additional liability.
Under this arrangement a 10-pound item valued at $ 1,000
in your 8,000 pound you could collect the full value of
the painting if it was lost or damaged. Your valuables are
somewhat protected, under this plan, but you pay for it.
If your shipment exceeds the liability of $ 1.25 per pound
times the weight of your shipment, you may obtain full replacement
liability. To obtain this coverage please consult your mover
for additional charges and rules regarding this coverage.
Movers are permitted to limit their liability for loss or
damage to articles of extraordinary value. It is your
responsibility to understand this coverage by obtaining a
complete explanation of this limitation before your move.
Your mover will provide you with the explanation regarding
this liability. However,
we do suggest that all these valuables should remain in your
possession during the move.
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Full
Replacement Value
This
coverage equals the replacement cost or the repair of a
damaged item. The mover can sell you or procure for you
liability insurance in the amount you require if you release
your shipment for transportation at a value of 60 cents
per pound per article. If any damages or lose to your
shipment occurred during your move, the mover would be liable
for an amount not exceeding 60 cents per pound per article,
and the balance of the loss would be recoverable from the
insurance company up to the amount of insurance purchased.
Full
replacement value coverage is subject to a minimum charge
of either $3.50 or $4.00 times the weight of your shipment.
Some movers will provide minimum full replacement value
coverage. You should decide if the minimum coverage is enough
to cover your load in case of loss or damages.
This
coverage may have a deductible. Remember that coverage
with deductible reduces the premium; you will also be responsible
for the first $100.00, $250.00 or $500.00 of loss or repairs.
The
mover’s representative can advise you further on the availability
of such insurance liability and the cost.
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Extra
Ordinary Value Items
All
items in your shipment, which are considered to be of extraordinary
value, must be identified. You must advice your van
line agent in writing that they are in your shipment.
These items are defined as items having a value greater
than $ 100.00 per pound per article. For example:
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