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Department of Transportation (DOT) rules madates that all
movers be liable, at a minimum, for sixty cents a pound for
loss or damages to your household goods that they ship. Under
this option, the mover assumes liability for no more than 60
cents per pound, per article. This minimum released value
(MRV) covers loss or damage claims based on the weight of the
article multiplied by 60 cents per pound. For example, if a
10-pound stereo component, valued at $1,000 were lost or
destroyed, the mover would be liable for no more than $6.00
(10 pounds x 60 cents per pound).
Additional
protection can be acquired through separate liability
insurance purchased from a third-party insurance company when
you release your shipment for transportation at the minimum
released value [60 cents per pound per article). This is not
valuation coverage governed by Federal law, but optional
insurance regulated under State law. If you purchase this
separate coverage and your mover is responsible for loss or
damage, the mover is liable only for an amount not exceeding
60 cents per pound per article, and the balance of the loss is
recoverable from the insurance company up to the amount of
insurance purchased.
We
use and recommend 2 Insurance carriers whose information
appears below.
BAKER
INTERNATIONAL can also be called toll-free at
800-356-0093
MovingInsurance.com
can be accessed online for greater ease-of-use.
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