What Those Moving from El Paso Ought to Consider about the Valuation of Their Belongings

The valuation of goods being shipped in any move of a person, family, or business from El Paso to some other place – or from anywhere to anywhere – is strictly regulated by the federal government.

man putting books in a moving boxYes, by and large, your moving company is legally liable for any loss of or injury to your personal items during transport. It’s also liable for loss and damage while its crews are in direct contact with your household goods in fulfillment of any other El Paso moving services for which you contracted. 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 established by the federal Surface Transportation Board’s Released Rates Order. You can get your hands on a current copy of it here.

The essential thing is, know what options you have available to you for the protection of your possessions. And know your El Paso moving company. Just because a mover asserts that his company is “fully insured and bonded” is no pledge that your possessions themselves are automatically covered. In that regard, your local mover being related to a preeminent national van line is no assurance that you’re protected either. In both cases, you could find it necessary to acquire additional third-party liability insurance. Your mover may offer to sell it to you, but he’s not forced by law to sell it to you. Ask questions in your preliminary negotiations to figure out  precisely what’s what.

Keep this in mind when you’re researching your choices here in El Paso: Two different measures 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 El Paso Moving Terms Infographic

 

To be sure, Full Replacement-Value Protection affords you the most all-embracing coverage. But choosing 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 arrange for whatever repairs are advisable to reinstate a damaged article to the condition it was in when you first gave it to him and his crew … or he’ll don’t mind paying more. Whatever valuation you and your mover come to terms with, it must be included in your mover’s tariff. Note also that movers are empowered to limit their Full Replacement-Value liability for loss or damage of belongings valued incredibly high. Those would be belongings valued at $100 or more per pound, such as jewelry, antiques, silverware, china, oriental rugs, and the like. Get further details on all this from your mover. In the final analysis, though, it lies with you to make the most accurate declaration.

If you choose to go with 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 degree of protection does is limit your mover’s liability to no more than 60 cents per pound, per article. Obviously, that’s not going to provide you with enough of a reimbursement to replace any possession valued at more than 60 cents per pound! Items like stereo equipment, gym equipment, computer hardware, and computer software are thus much more at risk. That’s something to mull over before you [[commit in writing to|contract with]150 any mover!

You may, however, have one additional option: your existing homeowner’s policy. Study it and get together with your insurance agent to discover if there’s anything in it regarding coverage of possessions during a relocation. If there is, you could find the minimum level of mover liability coverage – Released Value – appropriate enough.

Just make sure you’re clear about what level of protection your moving company is including in his quote: Full Protection or Released Value. That way, there won’t be any surprises with your move – or at least no[[ne that you haven’t ne that you haven’t taken into consideration!

 

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