Insurance and Valuation Coverage Information

We always pride ourselves with our safe moves. However, we still recommend to all our customers to look into the benefit of taking out a valuation policy. The reasons are explained in the following paragraph.

The minimum coverage required by law (at no cost) is called limited liability. If an item is lost or damaged, you would receive $.30 per pound, per item. For instance, if our mover dropped a T.V. that you bought for $500 and it weighed ten pounds, you would only get $3.00 as compensation. This is the reason that we recommend that our customer purchase a third-party insurance policy.

The amount you collect in case of damages is based on the actual value of the item at the current replacement cost, but minus any depreciation, up to the limit of coverage. (The charge is $5.00 for each thousand dollars of coverage, with a minimum of $25 for coverage up to $5,000.) If we broke that same T.V. and the current market value was still $500, the claim would be settled for $500; but if the repurchase price had depreciated to $200, you will be able to collect $200 only.