What Those Moving from Little Rock Should Consider about the Valuation of Their Household Goods

The valuation of items being trucked in any move of a person, family, or business from Little Rock to another location – or from anywhere to anywhere – is severely regulated by the federal government.

man putting books in a moving boxTo be clear, your moving company is, in most circumstances, legally liable for any loss or destruction of your belongings during transport. It’s also liable for loss and damage while its crews are physically touching your household goods in satisfaction of any other Little Rock moving services you chose. Such services should be spelled out on the bill of lading: packing, unpacking, disassembly and reassembly, for instance.

There are, however, limits to your moving company’s liability. Those limits are set by the federal Surface Transportation Board’s Released Rates Order. You can obtain a current copy of it here.

The critical thing is, know what choices you have for the security of your household goods. And know your Little Rock moving company. Just because a mover makes it known his company is “fully insured and bonded” is no irrefutable promise that your items themselves are automatically covered. By the same token, your local mover being in partnership with a leading national van line is no guarantee that you’re protected either. In both cases, you could find it necessary to buy additional third-party liability insurance. Your mover might offer to sell it to you, but he’s not forced by law to sell it to you. Ask questions up front to find out  specifically what your course of action should be.

Keep this in mind when you’re determining your options here in Little Rock: 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 Little Rock Moving Terms Infographic

 

Certainly, Full Replacement-Value Protection provides you with the most all-encompassing coverage. But opting for it means you’ll pay more for your move. With this level of liability (subject to allowable exceptions in your mover’s tariff), your mover will either do whatever repairs are advisable to restore a damaged item to the condition it was in when you first gave it to him and his crew … or he’ll ’re not unwilling to pay a heftier price. Whatever valuation you and your mover come to terms with, it has to be included in your mover’s tariff. Note also that movers are permitted to limit their Full Replacement-Value liability for loss or damage of possessions valued extraordinarily high. Those would be belongings valued at $100 or more per pound, such as jewelry, antiques, silverware, china, oriental rugs, and the like. Ask for further details on all this from your mover. In the final analysis, though, it lies with you to declare accurately.

If you choose to go with a Waiver of Full Replacement-Value Protection, or Released Value, you will, of course, be getting minimal liability protection. But it won’t cost you a dime. What this degree of protection does is limit your mover’s liability to no more than 60 cents per pound, per article. Certainly, that won’t afford you enough of a reimbursement to replace any piece valued above 60 cents per pound! Things like stereo equipment, gym equipment, computer hardware, and computer software are thus considerably more at risk. That’s something to consider before you [[commit in writing to|contract with]150 any mover!

You could, however, have one additional option: your present homeowner’s policy. Review it and consult with your insurance agent to determine if there’s anything in it pertaining to coverage of possessions during a relocation. If so, you may find the minimum level of mover liability coverage – Released Value – acceptable.

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, your move won’t slap you with any absolutely extraordinary surprises!

 

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