What People Moving from Wichita Falls Ought to Understand about the Valuation of Their Household Goods.

The valuation of items being trucked in any relocation of a person, family, or business from Wichita Falls to another location – or from anywhere to anywhere – is strongly regulated by the federal government.

man putting books in a moving boxIt is true, generally, that your moving company is legally liable for any loss or destruction of your possessions at any time during the haul. It’s also liable for loss and damage while its crews are physically touching your possessions in satisfaction of any other Wichita Falls moving services you purchased. Such services should be described on the bill of lading: packing, unpacking, disassembly and reassembly, for example.

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

The important thing is, know what choices you have for the safeguarding of your household goods. And know your Wichita Falls moving company. Just because a mover tells you his business is “fully insured and bonded” is no guarantee that your possessions themselves are automatically covered. Also, your local mover being related to a preeminent national van line is no indisputable promise that you’re protected either. In both events, you might be required to get yourself some added 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 determine  precisely what’s what.

Don’t lose sight of this when you’re determining your various avenues here in Wichita Falls: Two different measures of moving-company liability pertain to interstate moves – Full Replacement-Value Protection and Waiver of Full Replacement-Value Protection, or Released Value.

 A-1 Freeman Moving Group Wichita Falls Moving Terms Infographic

 

Certainly, Full Replacement-Value Protection gives you the most complete coverage. But selecting it means the price of your move will be higher. With this measuer of liability (subject to allowable exceptions in your mover’s tariff), your mover will either do whatever repairs are necessary 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 more. Whatever valuation you and your mover agree upon, it has to be shown on your mover’s tariff. Note also that movers are granted authority to limit their Full Replacement-Value liability for loss or damage of possessions valued incredibly high. Those would be belongings valued at $100 or more per pound, such as jewelry, antiques, silverware, china, oriental rugs, and so on. Ask for further information on all this from your mover. Ultimately, though, it’s your responsibility 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 you’ll pay nothing for it. What this degree of protection does is limit your mover’s liability to no more than 60 cents per pound, per article. Certainly, that wouldn’t afford you enough of a reimbursement to replace any possession valued above 60 cents per pound! Goods like stereo equipment, gym equipment, computer hardware, and computer software are thus significantly more at risk. That’s something to ponder before you [[commit in writing to|contract with]150 any mover!

You may, however, have one additional option: your existing homeowner’s policy. Re-examine it and speak with your insurance agent to see if there’s anything in it relevant to coverage of belongings during a relocation. If that’s the case, you may find the minimum level of mover liability coverage – Released Value – appropriate enough.

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

 

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