Insurance (Valuation) Articles
Moving companies provide their customers with "valuation" options through its lawfully-filed tariff, interstate of intrastate bill of lading, or corporate or government contract agreements. Valuation protection is a tariff level of carrier liability which provides the customer with liability coverage for loss or damage. Although everyone refers to this valuation loss/damage liability as "insurance", referring to it as "insurance" is incorrect and the guides within this section explain the nuances for moving & storage company's loss and damage valuation options.
How moving "insurance" (valuation) works
Moving Insurance: every consumer who is moving needs moving insurance, yet few understand how it works, how much coverage is needed or how to obtain it. Whether you decide to do a self-move -- or have a professional moving company move your household goods and personal effects -- you should…
Read this entire article...Insurance (Valuation) Articles • 2,948 views • 0 comments
Your Moving Company Insurance Options
To start, it must be noted that moving companies do not offer traditional "insurance." Rather, movers offer "tariff based loss/damage liability" which moving companies call "valuation." Although mover's "valuation" functions much the same as "insurance" when loss or damage occurs, it has distinct…Read this entire article...Insurance (Valuation) Articles • 1,586 views • 0 comments
Moving insurance vs. movers valuation - It pays to know the difference
The Smiths were avid antique collectors, traveling from on estate auction to the next in search of rare finds. Over the years, the couple amassed an impressive collection of furniture and paintings. When faced with moving the antiques from New York to California, they began contacting moving…Read this entire article...Insurance (Valuation) Articles • 5,997 views • 0 comments
Moving antiques: be certain of their value before you move
By The International Society of Appraisers
A professional appraiser helps you manage these and other such risks by providing a written opinion of value upon which you can base your financial decisions. Rather than being just an "Educated Guess", the professional appraiser's value conclusions…Read this entire article...Insurance (Valuation) Articles • 15 views • 0 comments
Bonded moving company? Bonded movers? What does bonded mean?
Whenever a consumer asks me if my moving company is "bonded", what I hear is someone who is worried and looking for a measure of assurance that my company is reputable and won't take advantage of them. However, a consumer rarely understands what the term "bonded" actually means and…Read this entire article...Insurance (Valuation) Articles • 14,111 views • 1 comments
The uninsured mover - A homeowners recipe for financial disaster
"Accidents Happen." But what most homeowners don't realize is that if a worker is injured on their property, it is you -- the homeowner -- who can be held liable for all medical costs unless the employee is covered by workers compensation insurance. Hospital bills for serious accidents can be…Read this entire article...Insurance (Valuation) Articles • 5,883 views • 0 comments
Atlas household goods interstate loss or damage liability valuation options
The Order For Service you will sign with Atlas provides two options for placing a value on your shipment. The value that you select sets the limit of Atlas’ maximum liability for loss or damage to your goods. These optional levels of liability are not insurance agreements that are governed by state…Read this entire article...Insurance (Valuation) Articles • 2,421 views • 0 comments
What is the mover's high value inventory form?
The moving company's High Value Inventory form is used to identify and account for articles which have extraordinary value. These articles are considered to be a "high value items." The High Value Inventory Form is used to identify such high value items so that they can be properly accounted…Read this entire article...Employee-Relocation, Insurance (Valuation) Articles • 9,398 views • 0 comments
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