What is valuation?
Valuation is NOT the same as insurance. Valuation is protection for your items in case they are damaged during the course of the move by one of our movers, whether it is the result of an accident or improper handling. Payments on claims will only be awarded only if the damage was caused by the moving company.
Insurance, on the other hand, is a written policy protecting ones goods against any damage caused by anyone or anything. Payment on claims will be awarded regardless of who caused the damage.
Although University Movers has a claims rate 8 times lower than the national average, accidents do happen. Therefore it is always in your best interest to purchase some level of valuation, University Movers offers 5 levels of valuation:
- Basic Protection
This basic level of valuation covers $.60/lb.per article. This coverage only covers heavy damage to an item such as a shattered mirror or broken desk. Thus when there is damage to the article we cover and replace the item with $.60/lb. This option is free with every move, but is not recommended, especially when expensive items or electronics are being moved. Cost: Free
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Actual Cash Value
This option for loss or damage is based on actual cash value, including depreciation, at the time of loss or damage, up to the total dollar amount of valuation declared by you based on fair market value. Cost: 150.00 for each $10,000 of declared value - Full Value Protection - $0 deductible
This is the highest level of protection. If any damage occurs to your items there will be no out of pocket expenses incurred on your part up to the valuation level you decide, because there is no deductible. It covers the full replacement cost of the item(s) damaged. Cost: $190 for each $10,000 of declared value.
- Full Value Protection - $250 deductible
This is our intermediate level of coverage. If there is any damage to your items we are responsible for all damages over the $250 deductible. You are responsible for the first $250 of damage and the rest is fully covered up to the valuation level you choose. This level also covers the replacement cost of the item(s). Cost: $135.00 for each $10,000 of declared value
- Full Value Protection - $500 deductible
This is our intermediate level of coverage. If there is any damage to your items we are responsible for all damages over the $500 deductible. You are responsible for the first $500 of damage and the rest is fully covered up to the valuation level you choose. This level also covers the replacement cost of the item(s). Cost: $105.00 for each $10,000 of declared value