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When people move from one house to another, be it interstate or even within the city, most of people are not aware about the insurance policies that apply to moving services they purchased. As a result, when their belongings are damaged, broken, or scratched during transportation, they are unable to get compensation. Insurance is a vital aspect of moving and should not be overlooked under any circumstances. However, there is no need to panic - all you have to do is proceed methodically. Submit a Claim If after unpacking you notice that some of your belongings have been damaged, then you can file a claim within 9 months after delivery. Describe the situation on the original inventory sheet prepared by the movers. Don’t procrastinate in reporting the damage. Keep in mind that the company has to confirm that it received the claim within a month and offer compensation or decline the claim within 120 days of receipt of the claim. The liability rate should be considered while making the claim as it outlines the maximum amount that you can expect from the company. Types of Valuation Companies will generally provide valuation as a part of their contract. This is slightly different from insurance because valuation is the predetermined limit of liability as per the moving contract/ bill of lading. It is free of cost and does not depend on the actual value of the goods. These are the types of valuation provided: - Lump sum value is provided when goods don't weigh too much but are precious, which require insurance on the basis of cost rather than weight. Purchasing insurance for a certain rate per $1,000 of value can be done and the bill of lading must include such details.
- Declared value is offered when the total value is calculated according to the total weight of the shipment, multiplied by a specific amount per pound.
- Lost, damaged, and destroyed goods come under the full value protection clause. You will receive adequate compensation for the replacement or repair of those items. A minimum amount for coverage is pre-decided along with deductibles as applicable.
Moving Company Valuation Checklist - Find out the kind and amount of liability coverage provided in case of loss or damage.
- Read the contract to calculate the estimate of your belongings and re-check with your own calculations.
- Different companies have different processes of submitting claims. Ask them about it in detail.
- Calculate the maximum value of the mover's insurance and compare it with the amount that you calculated, so that you can decide if it is sufficient.
The best way to search for moving companies is to go online and type in the service required along with the city name. For instance, search for Hartford moving professionals or movers in Kansas City will display all listings in those places so that you can go through them and decide accordingly.
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