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Option 1: Full Value Protection
Under this option, the mover is liable for the replacement value of lost or
damaged goods (as long as it doesn’t exceed the total declared value of the
shipment). If you elect to purchase full value protection, and your mover loses,
damages or destroys your articles, your mover must repair, replace with like
items, or settle in cash at the current market replacement value, regardless of
the age of the lost or damaged item. The minimum declared value of a shipment
under this option is $5,000 or 5 times the actual total weight (in pounds) of the
shipment, whichever is greater. For example, the minimum declared value for a
4000 pound shipment would be $20,000 (5 X 4000 = $20,000). This form of
valuation has varying deductibles with various costs, it is best to discuss this
directly with your moving consultant.
Option 2: Released Value
This is the most economical protection option available. This no-additional-cost
option provides minimal protection. Under this option, the mover assumes
liability for no more than 60 cents per pound per article. Loss and damage
claims are settled based upon the pound weight of the article multiplied by 60
cents per pound. For example, if your mover lost or destroyed a 10-pound
stereo component valued at $1,000, your mover would be liable for no more
than $6.00. Obviously, you should think carefully before agreeing to such an
arrangement. There is no extra charge for this minimal protection, but you
must sign a specific statement on the bill of lading agreeing to it.
Under this option, the mover is liable for the replacement value of lost or
damaged goods (as long as it doesn’t exceed the total declared value of the
shipment). If you elect to purchase full value protection, and your mover loses,
damages or destroys your articles, your mover must repair, replace with like
items, or settle in cash at the current market replacement value, regardless of
the age of the lost or damaged item. The minimum declared value of a shipment
under this option is $5,000 or 5 times the actual total weight (in pounds) of the
shipment, whichever is greater. For example, the minimum declared value for a
4000 pound shipment would be $20,000 (5 X 4000 = $20,000). This form of
valuation has varying deductibles with various costs, it is best to discuss this
directly with your moving consultant.
Option 2: Released Value
This is the most economical protection option available. This no-additional-cost
option provides minimal protection. Under this option, the mover assumes
liability for no more than 60 cents per pound per article. Loss and damage
claims are settled based upon the pound weight of the article multiplied by 60
cents per pound. For example, if your mover lost or destroyed a 10-pound
stereo component valued at $1,000, your mover would be liable for no more
than $6.00. Obviously, you should think carefully before agreeing to such an
arrangement. There is no extra charge for this minimal protection, but you
must sign a specific statement on the bill of lading agreeing to it.
US DOT# 1532580 MC# 570964 NPSC# M-14194
Patt's Moving Center, LLC
"Around the block, or across the country, we are your
moving headquarters.."
moving headquarters.."
402-895-7288
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