Are You Underinsured?

“What is carrier valuation?” Carrier valuation is a declaration by the transferring employee (person being moved) of the maximum amount of the carrier’s liability in the event of a transit-related loss or damage of their household goods.

Valuation is not insurance. In other words, valuation provides a certain level of protection for loss or damage caused by a carrier while the shipment is in the care, custody, and control of the carrier. The amount of coverage is predetermined prior to the move and may not be sufficient in the event of a loss.

WHAT DOES IT COVER?

When you move, your personal property is loaded onto a moving truck. While most moves go smoothly, accidents do happen and some items may be lost or damaged during shipment.  Prior to the move a carrier representative will discuss with the transferring employee the amount of liability the carrier is responsible for in the event of loss or damage. At the time of the move a descriptive inventory list will be developed by the carrier and the transferring client. This list includes the count and condition of the shipped items when they come into the care, custody, and control of the carrier. At times the client may have certain items that carry a higher value than normal such as artwork, jewelry, collectibles etc….

It is our recommendation that items of high value such as jewelry, coins, and collectables be moved personally by the transferring employee.  If they are is unable or unwilling to do this, then these items must be recorded and reported on a special form called the high value inventory form.   The determination of the value of the transferring employee’s entire shipment is a very important part of the moving process and is pre-determined by the transferring employee prior to the move.

IS ADDITIONAL COVERAGE NEEDED?

There are times when the amount of coverage provided by the carrier (included in the agreement) will be insufficient. The carrier or a third party insurance company can provide additional coverage to the transferring client for an additional cost.

The cost of this insurance is not included in the basic move and must be purchased separately by the transferring client. If you purchase this coverage, the mover remains liable for a portion of the loss with the rest of the loss recoverable from the insurance company up to the amount of insurance you purchased.

The Federal Motor Carrier Safety Administration also advises that some actions may limit the mover’s liability. Please keep these in mind, they include:

  1.  Packing perishable, dangerous or hazardous materials in your household goods without your mover’s knowledge.
  2.  Packing your own boxes. You may consider packing your own household goods articles to reduce your costs, but if the articles you pack are damaged, it may be more difficult to establish your claim against the mover for the boxes you pack.
  3. Choosing Released Value coverage when your household goods are valued at more than 60 cents per pound per article.
  4. Failing to notify your mover in writing about articles of extraordinary value.

Visit http://www.rainternational.com for more information or contact us at mobility@rainternational.com.

About Relocation America International

Relocation America International is a full service relocation management company headquartered in Southfield, Michigan dedicated to providing innovative relocation services, value added support, and superior service to clients relocating families domestically and internationally.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s