Valuations

Salmon’s Transfer is committed to providing clients with everything they need in order to make informed decisions regarding the various aspects of the moving process. It is important for every customer to accurately assess the value of possessions in order to choose the “Transit Protection Plan” that will adequately meet his or her needs.

Under the Motor Carrier Act, a carrier of household goods is liable to certain defined limits, for any loss or damage to the goods accepted for transportation. This coverage is referred to as “Released Protection” and is generally not sufficient, unless the owner of the goods has placed supplementary coverage through their personal insurance broker. If the latter is not the case, it is advisable to purchase “Replacement Coverage”. (See Transit Protection Plans below)

Salmon’s recommends that clients consider the cost of replacing everything in the event, however unlikely, that a major disaster occurs. A homeowner’s policy, defining the value of household contents, can be used as a guideline, but a consultation with one’s insurance broker is recommended to ensure that the valuation is current. As part of the moving contract, clients will be asked to declare a total value of content (in writing) on the face of the Bill of Lading. This dollar amount will be used to determine the maximum carrier liability for loss or damage to goods, subject to the terms listed on the reverse side of the Bill of Lading. It is important to choose the proper Transit Protection Plan. (See Transit Protection Plans below)