Moving Company Valuation

What is valuation?

Valuation is NOT insurance. Valuation is the amount of liability a moving company will accept for the value of your goods if damaged or lost while in their possession. Valuation is limited to the moving company’s own coverage, and in many cases is as low as $0.60 per lb. per item.

Important:

  • Please note insurance provides a Full Replacement Value coverage, meaning it will compensate for the replacement value of the damaged or lost item. Valuation will pay the Actual Cash Value of the item, meaning, the depreciated value only. Valuation programs offer limited coverage and will not provide full compensation.
  • When you purchase valuation, you purchase it from the vendor which provides you with the moving service.

Be prepared to make this decision on move day, don’t wait till the day of and regret it. Protect your valuables.

Free Quotes on all your moving needs: www.bnwmovingservices.com

Advertisements

Long Distance Moving Cost

How much does it cost to move state to state?

The average move for an local move is estimated to be around $1,150 while the average long distance moving price is about $5,000. Keep in mind professional movers tend to charge by the mileage rather than the time. Variables used in long distance moves:

  1. Mileage
  2. Shipment weight
  3. Rates
  4. Valuation and Insurance
  5. Add on service

Ex: Mark is relocating to Fort Lauderdale,Florida from Raleigh, NC. He has a 2 bed room apartment. The selected long distance moving company will take the tare weight and minus the weight of your shipment(at a weigh station). This determines shipment weight. Mark’s shipment weighs 4,500 lbs.  The distance between the two states are 781 mi.

Let’s say the moving company choose to charge $76.80 per mile. 781 x 76.80= $3, 456.

Currently mileage rates for gas $0.65 x 1,562= $1,015.30 (this is fuel incurred leaving and returning back to company origin).

Total estimated cost: $4,471.30

This is only an estimate.

 

Three Estimates for Long Distance Moving & Interstate Moves.

Every legal moving company that transport your household, have three types of estimates. Before picking the type of estimate you want to receive,  you will want to know the different types and how they will affect the final price of your move.

Non-binding estimates:

After evaluating your goods, your Long Distance Moving company will provide you with the estimated cost of the move.

Certainly, the movers aim to give you the best estimate possible, the mover won’t be able to tell you the actual cost of the move until everything is weighed on your moving day. Once your shipment is weighed, your movers will adjust the price. Actual charge shall be determined after all services have been completed. Depending on whether the shipment is more or less than what was estimated, the cost will either increase or decrease.

Binding And  Guaranteed:

A binding estimate, the mover will assess your goods and give you an estimate for the move. This estimate is final and will not change depending on the actual weight of the shipment. It’s important to know if shipment is below the estimate, you still have to pay the agreed-upon price.

Binding And Not-To- Exceed:

A binding not-to-exceed estimate, the cost of your move will never go above the estimated price. At the same time, if the total weight of the shipment is actually lower than what is estimated, the price will be lowered.

Get Quotes.