What People Moving from Atlanta Should Understand about the Valuation of Their Household Goods

The valuation of goods being trucked in any transfer of a person, family, or business from Atlanta to some other locale – or from anywhere to anywhere – is severely regulated by the federal government.

man putting books in a moving boxIt is true, by and large, that your moving company is legally liable for any loss of or harm to your belongings during transport. It’s also liable for loss and damage while its crews are handling your belongings in satisfaction of any other Atlanta moving services you purchased. Such services should be described on the bill of lading: packing, unpacking, disassembly and reassembly, for instance.

That said, there are limits to your moving company’s liability. Those limits are set by the federal Surface Transportation Board’s Released Rates Order. You can review a current copy of it here.

The essential thing is, know what options you have for the safeguarding of your possessions. And know your Atlanta moving company. Just because a mover makes it known his firm is “fully insured and bonded” is no promise that your items themselves are automatically covered. What’s more, your local mover being associated with a major national van line is no inarguable pledge that you’re protected either. In both events, you might be forced to get yourself some additional third-party liability insurance. Your mover might offer to sell it to you, but he’s not legally required to sell it to you. Ask questions in your preliminary negotiations to figure out  precisely what your course of action should be.

Don’t lose sight of this when you’re checking out your options here in Atlanta: Two different levels of moving-company liability are relevant to interstate moves – Full Replacement-Value Protection and Waiver of Full Replacement-Value Protection, or Released Value.

 A-1 Freeman Moving Group Atlanta Moving Terms Infographic

 

Obviously, Full Replacement-Value Protection affords you the fullest coverage. But choosing it means your move will cost you more. With this level of liability (subject to allowable exceptions in your mover’s tariff), your mover will either do whatever repairs are required to reinstate a damaged object to the condition it was in when you first gave it to him and his crew … or he’ll don’t mind paying a greater price. Whatever valuation you and your mover agree upon, it has to be noted on your mover’s tariff. Note also that movers are granted authority to limit their Full Replacement-Value liability for loss or damage of belongings valued exceptionally high. Those would be goods valued at $100 or more per pound, such as jewelry, antiques, silverware, china, oriental rugs, and so forth. Seek further information on all this from your mover. Ultimately, though, it falls on your shoulders to make the most accurate declaration.

If you go for a Waiver of Full Replacement-Value Protection, or Released Value, you will, of course, get minimal liability protection. But it won’t cost you a dime. What this degree of protection does is limit your mover’s liability to no more than 60 cents per pound, per article. Clearly, that won’t provide you with enough of a reimbursement to replace any piece valued higher than 60 cents per pound! Things like stereo equipment, gym equipment, computer hardware, and computer software are therefore considerably more at risk. That’s something to consider before you [[commit in writing to|contract with]150 any mover!

You could, however, have one other option: your present homeowner’s policy. Review it and consult with your insurance agent to discover if there’s anything in it relevant to coverage of belongings during a relocation. If that’s the case, you might find the minimum level of mover liability coverage – Released Value – satisfactory.

Just make sure you’re clear about what degree of protection your moving company is including in his quote: Full Protection or Released Value. That way, your move won’t hit you with any absolutely unanticipated surprises!

 

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