Knowing what you get for moving insurance through your transition is one of the first things you should ask when choosing a moving company, because after all your putting the trust of your personal belongings in the hands others you donโt know to well. With a great reputation and high repeat customer moves, Desert Moving Company & Storage helps you sleep better at night come move day. Here is a set of insurance options to choose from to give you a better idea of what fits your personal requirementโs for you upcoming relocation.
Option One โ Basic Liability
Inventoried items will be covered at minimum liability, which is .60 per pound per article. To give you a better understanding of what that means is lets say you have a coffee table that is 200lbs and is valued at $5,000. If you just choose the basis insurance and say the coffee table is damaged or lost, then based on the coverage you have through the moving company they would take .60 and multiply it by the weight of the coffee table 200lbs. The replacement value you would most collect is $120.00.ย This would not make you feel good if the coffee table was worth $5,000. Note: Weight is determined by the American Moving & Storage Association (AMSA) Table of Weights. The good thing is you have Desert Moving Company & Storage and over the past 23 years in business, weโve managed to not have to file one claim. I guess you can say where pretty careful.ย Here are some other options, just in case.
Option two โ Added insurance (Purchase)
ย ย ย Deductable: All Desert Moving Company & Storage insurance policies have a min $500
Deductible.
ยย ย ย Cost: The cost of insurance is $10 for every $1,000 of declared value.
โ ย ย This insurance policy covers the inventory only.
โ ย ย The insurance policy is not an itemized policy.
โ ย ย The policy is based on the actual cash value of your entire
Inventoried shipment.
NOTE: Before buying insurance, find out how much your belongings are worth and then purchase accordingly. This will give you a better feeling that all your goods are covered at the total replacement value claimed on the bill of lading. If you underinsure your shipment, you will be subject to a co-insurance penalty that is gone through the Moving Companies insurance policy.ย Here is an example, if your claim your shipment to be worth $50,000 and you only purchase $25,000, then the policy will only be responsible for 50% of losses/damages insured.
Choose between the following two insurance options:
Actual Cash Value (ACV):
Your property is insured for its actual cash value, after depreciation, based on the AMSA Depreciation Guide. You will be paid the lesser of the following, according to our assessment:
- The actual cash value at time of loss or damage, after depreciation.
- The amount of repairing or replacing the property (according to our estimates).
- The limit of coverage.
Replacement Cost (RC):
Your property is insured for replacement cost. (Please note: in order to receive full replacement cost for an item, it must be damaged beyond repair or confirmed as lost). โจYou will be paid the lesser of the following, according to our assessment:
- The amount of repairing the damage (according to our estimates).
- The amount it would cost to replace the destroyed or lost property with similar kind or quality to be used for the same purpose and same site (according to our estimates).
- The limit of coverage.
What is not covered:
Loss or damage to jewelry, gem stones, cash, stamps, coin or currency, bank notes, travelers checks, deeds, letters or valuable papers of any kind, coin or stamp collections, photo albums, scrapbooks, negotiable items, perishable articles, firearms, ammunition or contraband.
- Any internal electrical or mechanical component of any device unless external damages are duly noted in writing at the time of delivery. Loss of data and recalibration are also excluded.
- Damage to furniture made from pressboard and/or particleboard.
- Loss or damage consisting of breakage of china, glassware, bottles, statuary, bric-a-brac, or other similar articles of a brittle nature unless property has been packed by the carrier. The carrier is not responsible for the content of boxes packed by the owner.
- Pairs & Sets: The policy covers only the cost or repair of an individual item damaged, regardless if the item is part of a pair or a set.
Tax, shipping and handling charges.
It’s Your Move: Choose the Right Coverage
Your Personal Relocation Consultant will provide you with information about the different types of insurance options you have. Let them know exactly what your have so they can build you a policy to fit your budget and coverage. They can also better assist with deductible options as well as cost comparisons and the various methods used to determine coverage levels.
Still Unsure About What’s Right for You?
Just ask your Personal Desert Moving Relocation Consultant. He or she will work with you to understand your moving coverage needs, determine your household’s total valuation and answer any other questions you might have. The bottom line is we want you to be satisfied when we drive away.
Desert Moving Co. & Storage โ Upfront and Honest
We want you to walk away from your move having the best experience possible, but accidentโs do happen and we want to give you all the tools necessary, just in case. Over 23 years in business we have managed to allow Zero (0) claims and will continue to do so for another 23 years. We hope the information above has given you a better understanding of insurance/policies and please donโt hesitate to let your Moving Consultant know that you want to learn more about insurance and could possible like to purchases additional coverage.