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Valuation, as defined in the moving industry, is the predetermined limit of
liability imposed on the mover by the wording on its moving service contract
(sometimes referred to as a bill of lading, work ticket, invoice, etc).
"Carrier’s liability" for all moves within Texas is a standard $.60 per pound
per article. This valuation comes at no additional cost to the consumer. This
limit of liability may have no relationship to the actual value of the shipment.
The mover can increase their liability and this can take many forms, such as
$1.25 per pound, $3.00 per pound, Actual Cash Value, or Replacement Cost. If the
mover increases their liability they will charge you additional fees for this
greater assumption of liability. In the event of damage to your goods the mover
is responsible for the handling of your claim.
Insurance, whether for transit or storage, differs from Valuation in that the
amount of the insurance must have a direct relationship to the value of the
property being insured. Additionally, this insurance is a contract between the
customer and the insurance company as described on the Policy or Certificate of
Insurance. Insurance can be obtained through your mover or can be purchased from
an outside source not affiliated with the mover. If you purchase insurance
through the mover be sure to determine if the mover or the insurance company
will handle your claim in case of damage. |
