Moving Company Insurance
Wise Moving Company, LLC offers Two Options of Moving Coverage and it is important for you to understand what they are:
1 – Release Value: 60 cents per Pound per Article
This is the most economical protection available and there is no cost to you. Under this option, Wise Moving Company, LLC assumes liability for no more than 60 cents per pound, per article. Loss or damage claims are settled based on the weight of the article multiplied by 60 cents per pound.
2 – Full Value Protection Coverage
Full Value Protection is declared by you, the customer, in the amount of the carrier’s maximum liability in the event of loss or damage to your goods. In other words, valuation provides a certain level of protection for loss or damage caused by the carrier while your shipment is in the care and custody of the carrier. Wise Moving Company, LLC does not sell insurance.
The standard formula for determining the amount of coverage to purchase is as follows:
Estimated weight x 6.00 per pound = amount of coverage to purchase.
Coverage minimum is $5,000.00 and increase in $5,000.00 increments. Full Value Protection coverage offered by Wise Moving Company, LLC has a $1,000.00 deductible.
For your own protection, you must choose the option which you wish to declare, in writing, prior to Wise Moving Company, LLC loading your shipment on the truck. It is important for you to note that you cannot change your mind about the option you chose once the crew begins loading your shipment. Please refer to our in-house policy for more details, available upon request.