Insurance coverage is a must while sending household goods. In-spite of the best packing and safe transportation, factors beyond our control like accidents, fire, sabotage, natural calamities etc can result in damages to the goods. Hence we repeat “Insurance is a must”.
The commonly known insurance is the “All Risk Insurance” where the premium comes to 3% with min Premium $90 of the total declared value. Here the compensation towards damages/loses are paid in case of any above mentioned Circumstances. This would be the best risk cover.
The other type is called “Total Loss Insurance” where the premium is around 2.5% with min Premium $90. Here the compensation is paid only if the Complete Shipment is lost. No damages to the individual items will be covered. However the customer is the master and his choice would be final.
The premium for total loss insurance will be 2.5% of the total declared value (that is the amount you specified in the ‘Grand Total’ of the inventory document).
Minimum Premium for total loss insurance is $75 giving you a coverage of up to $3,000 with $250 Deductible.
Your shipment is covered by insurance only against named perils such as stranding, sinking, burning, collision, jettison of cargo, barratry or explosion and you would be entitled to the full insured amount only in the event your entire shipment is lost.
You can also insure the cost you are incurring towards your shipping charges, The money you are paying for UNIVERSAL can also be insured. By including this, you may be paying premium similar to what you pay for the other items in your shipment, but it gives scope for full replacement value and peace of mind while your shipment is in transit.
In case if you are planning to choose none of the above mentioned insurances.
Any Damage Incurring during Transit or loss of individual packages or loss of shipment
Will not be covered by Universal Relocations, or any party affiliated to handling of the shipment.
Unless a greater value is declared by the owner/ shipper or authorized agent, the goods are released to the moving and/or storage company at a valuation of sixty cents ($.60) per pound per article. For example, a 50 pound flat screen television valued at $1,000.00 is covered to a maximum of only $30.00.
There are three types of Insurance Options.
We recommend all the clients to opt for the Insurance. In case if you don’t need the Insurance, the client has to sign an Insurance Waiver. Any Damage Incurring during Transit or loss of individual packages or loss of shipment. Will not be covered by Universal Relocations, or any party affiliated to handling of the shipment.
If the items are packed by Owner, the Insurance will not be covering any damages to individual Items that are packed by the owner. The Insurance will only be covering the Loss of Individual Boxes in which the Items are being packed.
Opt for packing to be done by Universal Relocations or any agent authorized by Universal Relocations. Then All Risk Insurance Can be availed for all the damages to the items being shipped.
Need to submit the list of Items that are being shipped along with Value of their items.To get further Information regarding documentations and questions for Insurance Can contact our Insurance Manager with Universal relocations @ +1 678 786-7276 email: [email protected]