Option 1: Replacement Cost Valuation (Recommended). This option covers repairs, replacement, or full reimbursement with no depreciation, minus the plan’s deductible. The mover will pay for the full cost of repairs if damage occurs while in our care and custody, up to the dollar amount of valuation selected. If the item cannot be repaired, we will replace it or replace it with a like item if the exact item is no longer available. If the item cannot be repaired or replaced we will pay you the cash value based on the current replacement cost (pending proof of value and application of the deductible).
Option 2: 60 cents per pound per article. This is the minimum coverage required by the government and is provided free of charge. If your goods are damaged or lost, the mover’s maximum liability is 60 cents per pound per article. If your goods are damaged or lost, you will be entitled to recover the depreciated value of the item damaged or lost, or 60 cents multiplied by the weight of the damaged or lost article (whichever is less).
Example: A 20-pound bench is damaged or lost. You would be entitled to: 20 (lbs.) x 0.60 (cents per lb.) = $12.00. You would be allowed a maximum of $12.00 for that particular bench.