Valuing your goods and completing your inventory is an important step of your move, ensuring your goods are well covered:
- Every item you intend to move should be covered.
- Purchase value of goods.
- Do not undervalue your shipment.
- Provide us much detail as possible.
- Declare your high value items.
Every item you intend to move should be covered.
Moving companies, in general, require that each item appears on the inventory list in order to be insured. Note that insurers usually calculate their risk and premiums based on the entire value of the goods moved by their entire clients
Purchase value of the goods at destination.
Remember to value and insure your effect at the replacement value at destination i.e. what it would cost to replace the item in the country you are moving to. If required, you will have to repair or replace the item in your new country. We strongly recommend that you research the cost of living in your country of destination, using travel guides or websites.
Do not undervalue your shipment.
Your insurer will refund you according to the value of the shipment/item. For this reason, we recommend that you do not undervalue your shipment. If you have to submit a claim, insurers will only reimburse you according to the declared value on your inventory and the proportion of the damage. Undervaluing your goods will result in insufficient compensation to cover the cost of repair or replacement of these items.
Provide as much details as possible.
The inventory is usually used by moving companies to list items to be moved and insured. List each item as well as their quantity and price.
Declare your high value items.
Ensure that you have as much written information about your high value items (items valued at USD 25,000 or move for instance) as possible.
The underwriters of your moving company may require proof of ownership and/ or value of such items. Make sure you photograph these items, print them in colour, date and sign the prints and add them to your inventory. For items of high value, you can never take too many precautions.