| Household Goods Moving Insurance & Valuation |
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Valuation coverage can be very complicated. Please read the following information carefully: It is important to understand how much the mover is responsible for any lost or damage. The valuation statement on the bill of lading governs this. The minimum coverage required by law (included in the rate given) is called carriers liability insurance. If an item is lost or damaged, you would receive $0.60 per pound. (Most of the times it doesn't cover the actual value of the item). For instance, if the mover damaged a Dresser that you bought for $200.00 and it weighed 100 pounds, you would only get $60.00 as compensation. Extra coverage is optional that you can consider to purchase. We at “Good Movers and storage Inc” have an account with “movinginsurance.com”. Here are 2 more options to consider:
Here is a list of rules and regulations to valuation coverage:
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