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 boxTo be clear, your moving company is, in almost every instance, 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 related to 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 obligated to do so. Ask questions in your preliminary negotiations to figure out  precisely what your course of action should be.

Keep this top-of-mind 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 provides you with 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 he first got it from you … 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 on. Seek further information on all this from your mover. In the final analysis, though, it falls on your shoulders to declare accurately.

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, you should be totally prepared for nearly anything your move throws at you!

 

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