Moving Insurance Options

Moving Insurance/Valuation, Coverage & Claim.

Download claim Form

The area of insurance just might be the most problematic and least understood part of a moving contract.  It is however very essential and important. With the right insurance coverage, you will be able to protect yourself against possible risks that might occur during your relocation.

At the Toronto Service Center, we offer you three plans of insurance/valuation coverage.
Insurance Protection Plans

Plan A

The Carrier Basic Liability

With this plan the shipper releases the Shipment to a value of 0.60 cents per pound per article.

For example, the damaged item weighs a100 lbs. The liability of the carrier would not exceed $60.00 to repair or replace item.

This plan however does not always provide the true worth of an item’s value. For instance, if your mover were to drop an antique chair that weighed 10 pound, all that the basic liability insurance would be liable to pay would be $ 6.00.

THERE IS NO CHARGE FOR THIS COVERAGE. (Already Included in TSC Moving Service)

Plan B

Market Value Protection

This protection covers the repair or replacement of any article up to its actual cash value. In the event that an article is found to be beyond repair or the cost of repair is deemed to exceed the items value, then settlement would be based on the cost needed to replace the item taking account the depreciation for its age.

Example- If a refrigerator is dropped and damaged beyond repair.
Refrigerator is 5 years old
Cost to replace now is $ 1000.00
Depreciation as determined by insurance Company policy is 7% per year.
5 years x 7% = 35%
$1000.00 x 35% = $350.00
$1000.00 - $350.00 = $650.00
The amount paid to shipper would be $650.00
FOR COVERAGE UP TO $50,000.00 THE CHARGE WILL BE $150.00
DEDUCTABLE OF $250.00 WILL APPLY.

Plan C

Full Value Protection Moving Insurance

This policy guarantees that the company will be liable for the replacement of any article that is lost or damaged beyond repair during the process of the move. This compensation will either be with like replacement of the item or a cash settlement. Any cash settlement that is made will be in the amount of the current market replacement value. The exact cost for full value protection varies from one moving company to another.

THE VALUATION FORM MUST BE COMPLETED BY SHIPPER

THE CAHRGE FOR THIS COVERAGE IS BASED ON $5.00 FOR EVERY $ 1000.00 FOR VALUE AS PER THE VALUATION FORM.

MINIMUM FOR THIS COVERAGE IS $50,000.00

DEDUCTABLE OF $250.00 WILL APPLY.

THE FOLLOWING ARE NOT COVERED BY INSURANCE PROTECTION PLANS

• Damages to articles packed in cartons by shipper unless carton is physically damaged and noted on delivery.
• Damage to fragile items not packed by shipper, such as mirrors, marble, pictures, mattress.
• Mechanical malfunction of any appliance or electronic item unless physical damage is noted on delivery.
• Fragile items are only covered for damage when packed, unpacked and charged the appropriate rates by the movers. Wrapping in furniture pads is not considered packing.

Important Notes on Using the Toronto Service Centre Moving Company:

• Check your homeowner’s insurance. Some policies cover property in transit.
• Consider purchasing short-term insurance that covers the move if your property is very valuable.
• Unlike most property insurance, valuation does not automatically pay for any damage. It must be clearly shown that the mover was responsible for the damage.
• Items in boxes not packed by the mover are not covered, unless the outside of the carton provides clear evidence that the entire box was damaged during the move.
• The mover is responsible for any electronic item that does not function after the move only if there is clear evidence that the item was dropped or mishandled during the move.
• The mover is legally obligated to acknowledge any claim within 30 days and to resolve it or offer a settlement within 120 days.
• The customer is legally responsible to pay for the move, even when claiming extensive damages.