Insurance & Liability

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.

 

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.

This coverage may have a deductible. Remember that coverage with deductible reduces the premium; you will also be responsible for the first $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.

Information from www.moving.tv