What Residents Moving from Killeen Should Understand about the Valuation of Their Possessions.

The valuation of possessions being trucked in any relocation of a person, family, or business from Killeen to some other place – or from anywhere to anywhere – is strongly regulated by the federal government.

man putting books in a moving boxYes, generally speaking, your moving company is legally liable for any loss of or harm to your household goods at any time during the haul. It’s also liable for loss and damage while its crews are in direct contact with your belongings in fulfillment of any other Killeen moving services you selected. Such services should be listed on the bill of lading: packing, unpacking, disassembly and reassembly, for example.

There are, however, limits to your moving company’s liability. Those limits are determined by the federal Surface Transportation Board’s Released Rates Order. You can obtain a current copy of it here.

The crucial thing is, know what choices you have available to you for the safeguarding of your household goods. And know your Killeen moving company. Just because a mover informs you his company is “fully insured and bonded” is no pledge that your possessions themselves are automatically covered. What’s more, your local mover being associated with a major national van line is no guarantee that you’re protected either. In both cases, you might find it necessary to get get hold of extra third-party liability insurance. Your mover could offer to sell it to you, but he has no legal obligation to sell it to you. Ask questions when you first meet in order to learn  specifically what your course of action should be.

Keep this in mind when you’re determining your choices here in Killeen: Two different levels of moving-company liability apply to interstate moves – Full Replacement-Value Protection and Waiver of Full Replacement-Value Protection, or Released Value.

 A-1 Freeman Moving Group Killeen Moving Terms Infographic

 

Obviously, Full Replacement-Value Protection affords you the fullest coverage. But picking it means the price of your move will be higher. With this level of liability (subject to allowable exceptions in your mover’s tariff), your mover will either do whatever repairs are necessary to return a damaged piece to the condition it was in when you first gave it to him and his crew … or he’ll don’t object to paying a higher price. Whatever valuation you and your mover mutually consent to, it must appear on your mover’s tariff. Note also that movers are allowed to limit their Full Replacement-Value liability for loss or damage of items 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 details on all this from your mover. In the end, though, it lies with you to declare accurately.

If you go for a Waiver of Full Replacement-Value Protection, or Released Value, you will, of course, receive minimal liability protection. But you won’t pay anything for it. What this level of protection does is limit your mover’s liability to no more than 60 cents per pound, per article. Certainly, that won’t provide you with enough of a reimbursement to replace any item valued above 60 cents per pound! Goods like stereo equipment, gym equipment, computer hardware, and computer software are therefore significantly more at risk. That’s something to ponder before you [[commit in writing to|contract with]150 any mover!

You might, however, have one other option: your existing homeowner’s policy. Go over it and speak with your insurance agent to see if there’s anything in it related to coverage of goods during a relocation. If so, you may find the minimum level of mover liability coverage – Released Value – sufficient.

Just make sure you’re onboard with what degree of protection your moving company is including in his quote: Full Protection or Released Value. That way, you should be fully prepared for whatever your move throws at you!

 

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