There are two types of valuation coverage, released value and full value protection.
This is the minimum level of coverage available. Arpin Van Lines provides this coverage at no cost to you; however, it provides minimal protection for your belongings. Our maximum liability is limited to $.60 per pound per article. Loss or damage of an item is compensated based on the weight of the item multiplied by $.60.
FULL VALUE PROTECTION
This is the best level of protection available.. It provides for the repair,replacement or reimbursement (which ever is less) of an item based on the price of the item if purchased today, regardless of the age of the item.
TOTAL SHIPMENT WEIGHT = 15,000 LBS.
RELEASED VALUE MAXIMUM LIABILITY
FULL VALUE PROTECTION
STEREO - WT 50 LBS.
Purchased for 250.00
Cost to replace today is $400.
50lbs. X $.60
1000 lbs X $.60
Special Precautions for High Value Items
If any of your belongings are considered of "high value", that is, worth more than $100.00 per pound, or $2000.00 or more for a single item (or part of a set worth $2000.00 or more),
you'll need to let us know. Examples of these types of items include antiques, china, furs, Oriental rugs, silver etc. You'll be asked to complete a special high value inventory form (or Declaration of Items of Extraordinary Value & Firearms form) listing those items.
A critical part of the
moving process is
selecting the level of
valuation coverage for your
belongings being transported.
Valuation is not insurance.
Instead it specifies our
maximum liability (as
determined by our published
tariff)in the event of loss or
damage during your move
based on the value you assign
to your belongings and the
coverage option you select.
And, if the item is part of a set or pair and we cannot replace it to match the other items in the set or pair, we will replace the set or pair (salvage rights will be exercised in this case)
The cost of full value protection is based on the weight of your shipment multiplied by $5.00 per pound, or $5000.00, whichever is greater. In addition you can select a zero deductible, a $250.00 deductible or a $500.00 deductible.
Below are a few comparisons of our maximum liability in the event of loss or damage to of items (which cannot be repaired).