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10-22-2011
Consultant: Doug Smith
Crew Leader: Jean Kranish
“Doug was very friendly, clear, and helpful. I was worried that my move was a little odd--just moving around big furniture in my home--but he was very reassuring and understanding. The crew were great. They even managed to maneuver cumbersome furniture around some furniture that I forgot to remove from the landing. Recommend? Absolutely. As soon as I hear of anyone needing movers, I will recommend you. In the meantime, I have mentioned your excellent service to some of my friends.”
Nancy L. |
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Back to Understanding Insurance
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Replacement Cost Valuation
Replacement Valuation means that claim settlement is based on full repair or cash allowance up to replacement of an item with like kind and quality
- This coverage will also cover your belongings during handling, loading, transport and unloading.
- Claim settlement is based on full repair or cash allowance up to replacement of an item with the like kind and quality.
- A loss will be handled in terms of today's market value. This means that the cost of replacing the item with a new one of like value will be the benchmark in settling claim.
- The luxury of full replacement valuation can be a more reasonable option if you consider increasing the standard deductible from $250.00 to a higher amount.
- If there is a major problem--you will enjoy the benefit of a full replacement--at a cost that you can easily afford.
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Actual Cost Valuation
Actual Cash Valuation means that claim settlement is based on repair or cash allowance determined by replacement value less depreciation
- This coverage will protect your belongings during loading, transit and unloading.
- Any claim settlement will be based on repair or cash allowance determined by replacement value less depreciation.
- Actual value is not the cost of your goods but the depreciated value at the time of your move.
- In most instances, the amount you are reimbursed will be less than the cost of a new or replacement item.
- Claims adjusters use depreciation tables in arriving at a settlement with you.
- You have the option of accepting the cost of repairs or depreciated value of a damaged item; the mover's liability is generally limited to whichever is less.
- High value items or bonefide antiques should be specifically listed and their values stated on a descriptive inventory with supporting documentation.
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