Extra Ordinary Value Items
Moving in State — Another Option
With this option, the mover assumes liability for the entire shipment at an amount equal to 1.25 times the weight, or whatever the given amount is in a particular state, of your shipment.
For example, if your shipment weighs 8,000 pounds, the mover will be liable for loss or damage up to $10,000. Though you have made no specific arrangements for this plan, you may automatically default to it, if you have not chosen another option. Again, this is subject to an individual state’s regulations. The mover is entitled to charge you for this protection.
Prices will vary; however, it will probably be around $7.00 for each $1,000 of liability assumed, In the case of a shipment weighing 8,000 pounds and a minimum declared value of $10,000 a charge of $70 will be added to your bill for the additional protection.
Some states may require a minimum amount of coverage or so much per pound, whichever is greater.
Under this arrangement, if a 20-pound item with a replacement value of at $1,000 is damaged, but it is three years old, the mover is liable for the damage based on the replacement cost less three years depreciation. The normal depreciation is around 10 percent per year. Your valuables are somewhat protected under this plan, but you pay for it. The cost will, most likely, not be that much less than full-value replacement protection, so the full-value replacement protection is probably still the best option to choose.
Ask your mover for additional charges and rules.
DIY Moving Options
How to Make a Claim
There are rules and regulations for the time in which the mover is required to respond to your claim and the time when the issue must be resolved. In the event you and the moving company cannot come to terms and arbitration is chosen to resolve the issue and you are not satisfied with the outcome of the arbitration process, you may sue for damages. Check with the local Better Business Bureau to get information on how the mover has handled claims in the past.