COVERAGE OPTIONS AND EXPLANATIONS

How Northshore Moving Co. Goes Above and Beyond to Protect Your Belongings

Never settle for a verbal agreement when it comes to protecting your belongings. At Northshore Moving Co., we will document everything we promise to you and properly explain all coverage options available for your items. 

Everyone’s belongings have value, whether monetary or sentimental. Our company and staff take great care to ensure that nothing is damaged in the course of a move. In the rare instances where damage claims may happen, we want you to know what coverage options we provide. It’s important to us that you are satisfied with the amount of protection available for your belongings.

Moving companies typically only offer one type of coverage option for their clients: the state required minimum ($0.60 per lb). For added protection we also offer full value replacement coverage.

What does it mean when a moving company is listed as a licensed and insured business? Many people assume this means they include full value replacement coverage within their services. In reality, a licensed and insured moving company is basically one that has the proper cargo, liability, and auto coverage required by the Department of Transportation and federal, state, and other regulatory bodies. It has nothing to do with the type of coverage offered.

How Do You Know What Coverage is Right for You?

Read below to find out about these coverage options.

Released Value – State required minimum of $.60 per lb. (No additional charge)

The state minimum required amount of $0.60 per lb. values your items at 60 cents per pound in the event of damage. This means your items are valued based on weight rather than actual value. 

What does this mean if any of your items are damaged? When your belongings are covered up to $0.60 per pound, a damaged TV weighing only 10 pounds, would be compensated up to $6.00 to repair or replace the item.

Full Value Replacement Coverage Options

Do you want to get extra protection for your belongings? This might be the best coverage option for you. 

Full value replacement coverage is available at an additional cost. When you select this protection, Northshore Moving Co. agrees to be liable up to a pre-set amount that represents your estimate of the value of property being moved.

With this coverage, we will repair, replace, or purchase items up to their current value. We sell this coverage at a rate of $1.00 per $100 of declared liability. 

Example: $50,000 of declared value would cost $500. ($50,000 divided by $100 multiplied by $1.00).

Full value replacement coverage conditions:

• When applicable, a high-value sheet must be filled out to include all furniture items valued over $1000 and/or miscellaneous items we pack valued over $300. This form is important, because it’s required for insurance purposes, and allows us to better prepare for the items listed. 
• The coverage value must be a minimum of $15,000 
• The insurance cost amounts to 1% (100 cents per $100) of the declared value. Example: If the customer listed $15,000 as the current replacement value for their items, the coverage charges would be $150 ($15,000 x 0.01).

Talk to a Northshore Moving Co. team member today to find out more on how to get the right protection for your belongings during a move!