BROAD REPLACEMENT COST COVERAGE
This is a summary discussion only. For a full understanding of the details of coverage, please refer to the full policy language, available to you through the link below.
http://www.insuramove.com/about/policy.html
What type of property is covered?
All the normal items found in the home, with some exclusions – for instance, business equipment, customized software, live plants and animals.
Items not usually found in a home are not covered.
When Coverage Applies
When the shipment is professionally packed and a detailed inventory of the property is made. If the inventory has a value for each item, then the total value must equal at least $8.00 per pound of the weight of the entire shipment if moving domestically, $10.00 per pound if moving internationally. If the inventory does not have a separate value shown for each item, then the total value must be equal to at least $8.00 per pound of the entire shipment if moving domestically, or $10.00 per pound if you are moving internationally.
Shipment must be handled by a professional mover who has been designated as a “Quality Assured Mover” by Insuramove.com.
Note – High Value Items: Each item having a stated value in excess of $1,500 must be individually declared, and be supported by appraisals or sales receipts. Failure to do so will limit the amount of coverage you have for such property to $1,500 per item, set or pair.
High Value Items include, but are not limited to, antiques, ojects d’art, valuable carpets and tapestries, china, furs, crystal, silverware, firearms, photographic equipment, computer equipment, collections, home entertainment equipment, and other like goods.
How much insurance do I have?
Coverage is based upon Replacement Cost, meaning that in the event of loss, you will be reimbursed for the least of:
The cost of repair of the damaged item or items;
The cost to replace damaged or missing items with new items of like kind and quality; or
The amount you have stated on a valued inventory.
What’s Covered?
Subject to some exclusions, most causes of loss are covered, assuming they are of an external and fortuitous nature.
Exclusions:
Consequential Loss, meaning any loss due to delay of shipment, delay in availability of the property after a loss, depreciation in value after repair or replacement.
Loss caused by the acts of any governmental authority.
Shortage from the contents of any owner-packed cartons or packages. Damage to items not professionally packed by the movers.
Loss or damage to contraband, jewelry, gem stones, cash, currency, coins, bank notes, deeds, travelers checks, stamps, alcoholic beverages, negotiable documents or other valuable papers.
Loss caused by wear and tear, gradual deterioration, changes in climatic conditions, infestations by insect or vermin, mold, mildew or inherent vice. However, additional coverage is optionally available – see “Extended Protection” below.
Loss caused by internal electrical or mechanical derangement or malfunction including loss of data and recalibration. However, additional coverage is optionally available – see “Extended Protection” below.
Loss for an entire pair or set when less than the entire set or pair is lost or damaged. Your recovery is limited to the proportional value of the item or items lost or damaged bears to the value of the whole pair or set. However, additional coverage is optionally available – see “Extended Protection” below.
Loss to automobiles while being driven under their own power except while being loaded or unloaded by the carrier.
Loss to non-factory installed accessories or removable items from automobiles.
Loss caused by marring, denting, chipping, scratching or rubbing on items received by the mover in an unknown condition.
Loss claimed for non-delivery when all packages shipped have been signed for as received at destination by you or your representative.
Loss due to wrinkled or soiled clothing, linen, drapes or rugs.
Loss to items not listed in the inventory at prepared at origin.
Loss for appraisal fees, shipping charges, damages caused during assembly or disassembly, items having no commercial value, and items of sentimental value.
Loss of or to any item for which premium has not been remitted to Insuramove.com.
Loss caused by nuclear or radioactive reaction, radiation or contamination.
Loss caused by acts carried out for terrorist, political or ideological reasons when the property is in storage.
Loss to real estate.
Loss to the structural integrity of system or kit furniture constructed of veneered chipboard or particleboard or similar materials, or a reduction in value of such furniture as a result of dismantling and reassembling.
You also have automatic coverage up to 60 days on domestic moves (up to 90 days on international moves, or moves to Alaska, Hawaii or Puerto Rico) for temporary storage at approved locations. Mini-storage, self-lock, and garages are not considered approved locations.
If your goods are to be held longer than the time limits above, contact Insuramove.com before the end of the automatic storage extension time allowance, and for an additional premium, it may be possible to arrange an extension of coverage. Failure to obtain written confirmation of an extension of coverage will result in a termination of this insurance at the end of the automatic periods, and requires the re-inventorying of the property and the purchase of new separate coverage.
Can I Cancel the Insurance?
Once purchased, you can cancel the insurance if earlier than 48 hours prior to the packing date as shown on the original confirmation and Insuramove.com entry information and you provide written instructions to do so by fax, letter or email, and have received our acknowledgment of receipt. A $50.00 fee will be assessed for canceled insurance.
In no event can this coverage be cancelled once the moving process (packing and/or loading) has begun.
What Are My Responsibilities?
In addition to the need to properly inventory, value and declare your property, there are some additional specific responsibilities that you have:
It is your duty (or the duty of someone you appoint or hire) to always take reasonable measures to avert or lessen the effect of a loss. Further, it is your duty to ensure that all legal rights of recovery against potentially responsible carriers, bailees and other third parties are properly preserved and exercised. In the event of loss or damage, IMMEDIATELY notify, in writing, the delivering carrier (and if your shipment has moved by a steamship or airline, those carriers as well), telling them that damage or loss has occurred.
In the event of loss or damage, you must log on to our claims reporting website at http://www.insuramove.com using the password and login information you were provided, within 48 hours to notify us.
You must cooperate with the insurer in investigating the loss. The insurer reserves the right to inspect and investigate all damages, and require substantiation of proof of value and ownership.
You must allow the insurers the right to take custody of and salvage any damaged items after the insurance has replaced or paid the replacement cost or the full amount of value declared by you on the inventory for an item.
After the time of payment of any recoverable claim under this insurance, you must sign a Subrogation receipt which allows the insurer to pursue recovery of all or part of a loss from any other third parties who may be responsible or have a liability for it.
You have the obligation of providing complete and accurate information. This insurance will be void if you have concealed or misrepresented any material fact or circumstance.
If you authorize someone other than yourself to order this insurance, you must ensure that that person is also aware of the policy terms and conditions.
At the time of loading, you must sign, and obtain the mover’s signature, on the inventory you prepared.
What other terms should I be aware of?
All property insured must be in the care, custody and control of, and handled by, a “Quality Assured Mover”.
If insured property is loaded out of storage, self-storage, or another mover’s facility, where no coverage had been previously provided by the Insuramove.com insurer, a complete and descriptive inventory must be prepared, identifying each item and its physical condition. Any packed or crated box or package will be considered as “packed by owner”, and covered for “Limited Conditions” only. Further, lack of such an inventory will restrict coverage to “Limited Coverage” only.
In case of a shipment being loaded and/or unloaded by any person other than a “Quality Assured Mover”, the property shall be insured for “Limited Coverage” only.
If you are considering the services of a moving broker, or a mover or carrier other than a “Quality Assured Mover”, please contact Insuramove.com. When we obtain full details from you, we can consider approving such alternate service providers. However, no coverage is available for such alternates until written confirmation of same if provided to you.
All items requiring specialized assembly or disassembly services (such as grandfather clocks, pool tables, wall units, chandeliers, Jacuzzis, etc.) must be handled only by a certified third party service specializing in handling that type of item.
Any hoisting, detaching from walls or permanent installation, removal of air conditioners, etc., must be performed by a certified professional third party service.
In the event you learn that the mover with which you have contracted is sub-contracting the shipment and/or handling to another moving company which is not certified by Insuramove.com as a “Quality Assured Mover”, you must notify Insuramove.com of the change as soon as is practicable.
Please read and review the full policy terms and conditions at http://www.insuramove.com/about/policy.html
Failure to follow the terms and conditions may void your coverage.
If you have any questions or concerns, please contact Insuramove.com and we will be happy to address them.