Valuation Definition

ADDENDUM TO UNIFORM HOUSEHOLD GOODS BILL OF LADING:
All licensed and insured moving companies within the state of Georgia are required to rate and comply with all the rules and regulations. A section of this compliance part includes offering these three options for valuation.

This document details the Carrier's Liability. Your mover's liability may be less than the value of your goods. According to law, carriers are not liable for the full value of your property unless you pay an additional charge for that protection. There are three options available to cover loss and/or damage:

1. Option 1 – Released Value - this option provides reimbursement for loss and damage not exceeding $0.60 per pound per article. There is no additional charge for this option. For Example: If a flat screen TV weighs 80 pounds, and is lost or damaged, you will not be able to collect more than $48.00 no matter how much you purchased the TV for.

2. Option 2A - Full Value Protection - this option provides coverage based on the current replacement value at the time of loss of damage. Carrier shall have the option of repairing and/or restoration to the original condition.

3. Option 2B - This option provides coverage based on the current replacement value at the time of loss or damage. The shipper is responsible for a $300.00 deductible. Additional charges may apply based on the deductible chosen and the replacement value. Carrier shall have the option of repairing and/or restoration to the original condition.

It is important to understand that a "carrier's liability" and "insurance" are NOT the same thing. It's a good idea to see your insurance agent to determine if you need additional coverage. Reputable movers will explain their liability for loss or damage to your property and how you can increase your protection. All licensed movers must provide you with a Liability Addendum.

Valuation vs. Insurance
Valuation = The process of determining the current worth of an assets.
Insurance = The promise of reimbursement in the case of a loss.

Valuation Charges Rev. 3/8/2018

*4 rooms/$20,000 minimum* – Based on TOTAL number of rooms.

Example, if there are 10 rooms in your home, you must select $50,000 valuation, and not less.

Be advised: All fragile items must be crated in order to be insured. If you choose not to purchase our protective materials, please find another way to transport those items; such as in your own vehicle.

Valuation Chart Below: Option 2(a) has a $0 Deductible / Option 2(b) has a $300 Deductible

$20,000 (4 rooms – min.) = $260.00 (w/ $0 Deductible) OR $85.00 (w/ $300 Deductible)

$25,000 (5 rooms) = $325.00 (w/ $0 Deductible) OR $106.25 (w/ $300 Deductible)

$30,000 (6 rooms) = $390.00 (w/ $0 Deductible) OR $127.50 (w/ $300 Deductible)

$35,000 (7 rooms) = $455.00 (w/ $0 Deductible) OR $148.75 (w/ $300 Deductible)

$40,000 (8 rooms) = $520.00 (w/ $0 Deductible) OR $170.00 (w/ $300 Deductible)

$45,000 (9 rooms) = $585.00 (w/ $0 Deductible) OR $191.25 (w/ $300 Deductible)

$50,000 (10 rooms) = $650.00 (w/ $0 Deductible) OR $212.50 (w/ $300 Deductible)

$55,000 (11 rooms) = $715.00 (w/ $0 Deductible) OR $233.75 (w/ $300 Deductible)

$60,000 (12 rooms) = $780.00 (w/ $0 Deductible) OR $255.00 (w/ $300 Deductible)

$65,000 (13 rooms) = $845.00 (w/ $0 Deductible) OR $276.25 (w/ $300 Deductible)

$70,000 (14 rooms) = $910.00 (w/ $0 Deductible) OR $297.50 (w/ $300 Deductible)

$75,000 (15 rooms) = $975.00 (w/ $0 Deductible) OR $318.75 (w/ $300 Deductible)

$80,000 (16 rooms) = $1,040.00 (w/ $0 Deductible) OR $340.00 (w/ $300 Deductible)

$85,000 (17 rooms) = $1,105.00 (w/ $0 Deductible) OR $361.25 (w/ $300 Deductible)

$90,000 (18 rooms) = $1,170.00 (w/ $0 Deductible) OR $382.50 (w/ $300 Deductible)

$95,000 (19 rooms) = $1,235.00 (w/ $0 Deductible) OR $403.75 (w/ $300 Deductible)

$100,000 (20 rooms–max) = $1,300.00 (w/ $0 Deductible) OR $425.00 (w/ $300 Deductible)


ADDENDUM TO UNIFORM HOUSEHOLD GOODS BILL OF LADING SHIPPER DECLARATION OF VALUE
IMPORTANT: There are two (2) options available to cover loss and/or damages:

OPTION 1:
Released Value Protection. This option provides for reimbursement for loss or damage at a rate of $0.60 per pound per article. This option is included in the Transportation and there is no additional charge. Carrier shall have the option of repairing and/or restoration to the original condition.

OPTION 2: Full Value Protection. This option provides coverage based on current replacement value at the time of loss or damage, up to the dollar amount of valuation declared by you. (See Note). The additional cost is based on the actual value declared and the deductible, if any, declared by you. Carrier shall have the option of repairing and/or restoration to the original condition.

**DECLARATION**
Prior to the move the shipper must select one of the options listed below. If shipper refuses to select one of these options, the carrier will not be required to perform the move.

(SELECT ONLY ONE OPTION BELOW!)

OPTION 1: Released Value- $0.60 per pound per article. No Additional Charge.
SIGN BELOW TO SELECT OPTION 1:

******************************
OPTION 2(a): REPLACEMENT VALUE w/ $0 Deductible:
(See Note) $ with no deductible at a charge $13.00 per one thousand ($1,000) of declared value. This would result in an additional charge of $.
SIGN BELOW TO SELECT OPTION 2(a):



*******************************
OPTION 2(b): REPLACEMENT VALUE w/ $300 Deductible:
(REPLACEMENT VALUE) - (See Note) $ with a $300.00 deductible at a charge $4.25 per one thousand ($1,000) of declared value. This would result in an additional charge of $.
SIGN BELOW TO SELECT OPTION 2(b):



Should carrier fail to secure the shippers declaration completed and signed prior to any movement, the shipper will be considered to have chosen Option 2(a) at no charge to the shipper.
NOTE A: Declared value per room must be an amount equal to or exceeding $5,000.00 per room excluding halls, attics, garage (unless full), closets and baths. A self-storage unit up to size 10x10 shall constitute one room for the purpose of valuation.
NOTE B: Rates contained in this Item are not subject to maximum rate rules.


NAME OF SHIPPER:
( ) HOURLY RATED MOVE ( ) WEIGHT & DISTANCE MOVE
CARRIER REPRESENTATIVE: The Furniture Taxi™


T: 404-228-7404 | Info@TheFurnitureTaxi.com

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