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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.

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2012 Corporate Relocation Survey

Atlas Vanlines just released the relocation industry’s longest running survey; their 2012 Corporate Relocation Survey. This is the 45th year the study has been conducted with invitations to participate in the survey being sent to selected relocation-related associations and human resource/relocation contacts.

The good news coming out of the survey is that nearly half of the companies surveyed indicate the number of employee relocations increased in 2011 over the previous year.  Continue reading