When it comes to protecting your household belongings during a move, there is one important question to consider: What if one of your belongings is lost or damaged? All things being taken into account and evaluated, there is certainly quite a bit at stake when a move is on the agenda. Somewhere near the top of the list of course is the money being invested. Next in line are the bittersweet emotional conflicts regarding the memories being left behind, and the ones you hope to build in your new location. After that comes the care and concern for each and every one of your belongings and treasured memorabilia gathered over a lifetime – the careful accumulation of furniture that perfectly accommodates the lifestyle of you and your family, the pictures and photographs, the artwork, the knickknacks, the clothing, the tools, and even the kid’s toys.
As everyone knows, the entire process begins with absolutely everything you own being packed up and crammed into a truck and transported across town, across the state, or across the country. Even though a very high percentage of moves happen without a single teacup being broken, there are of course circumstances when accidents do take place, and something far more valuable or irreplaceable than a teacup is either lost or damaged along the way.
In almost all cases, the moving company is liable and fully responsible for the value of the belongings you are entrusting them to transport for you. If their professional concerns and reputation were not at stake, they would not be in business for very long. However, it is very important to be aware that there are very different levels or degrees of liability. What level of liability coverage that you select will obviously decide the type and dollar amount of the reimbursement you will receive if any part of your list of belongings becomes lost or damaged. Therefore it is certainly critical to become very familiar with the various types of liability protection available and the subsequent costs for each of these options.
What are the Liability Options?
The two different levels of liability coverage all moving companies are required to provide is based on federal mandates governing the interstate moving industry, and these liability options are referred to as Valuation Coverage. One option is called Full Value Protection, and the other is called Released Value Protection.
Come back next week as we discuss the 2 options in details.