– Valuation

Personal Property

Valuation options, terms, and limitations

For every intra state move the consumer (shipper) must select one of the following options for Lincoln Relocation Inc.’s (carrier) maximum liability for loss or damage to household goods. These are levels of Lincoln Relocation Inc.’s liability – this is not insurance.

    1. The shipper releases all household goods to the carrier as used household goods in a used condition, unless otherwise recorded in writing. All items are considered to have normal wear and tear from household use.
    2. Tariff 22 and Tariff 7f valuation options, terms and conditions are no longer in effect.

 

1.Valuation Options:

  1. Full Value Protection is the most comprehensive option for protection of goods.
    1. To receive full value protection the shipper must choose the “Full Value Protection” option on the bill of lading and the deductible option they want to apply. If no deductible option is chosen then a $0 deductible will apply. The charges for this protection are set out as shown in “Valuation Costs” found in this filing, the minimum amount of coverage that the shipper must declare as dictated as described in section b.
    2. Under the Full Value Protection option the carrier’s maximum liability shall be either: 1) when the move is being charged by weight, the greater of $6.00 per pound times the actual weight of the shipment or the declared full value protection lump sum value, in each case subject to a minimum of $10,000, subject to any selected deductible option; or 2) when the move is being charged in any way that does not require an actual weight to be obtained, the carrier will estimate a constructive weight of the shipment for the shipper and the lump sum value must be no less than $6.00 per pound times the constructive weight of the shipment, in each case subject to a minimum of $10,000, subject to any selected deductible option. The carrier will use a basis of 6 pounds per cubic foot when estimating the constructive weight of a shipment.
    3. If any article is lost, destroyed or damaged while in our custody, the carrier, at its own discretion, will either; 1) repair the article to the extent necessary to repair the item to the same condition as it was received by the carrier, or repair it to a household goods repair industry standard, or pay the shipper the cost for such repairs; or 2) replace the article with an article of like kind and quality, or pay the shipper the cost for such replacement.
    4. In the event that the shipper chooses Full Value Protection and the carrier experiences a catastrophic loss of all or a majority of the shipper’s goods, subject to limitations as described in the bill of lading, the carrier will consider all damaged items for full value replacement regardless of condition the carrier received them in. The carrier’s maximum liability will remain the greater of $6.00 per pound times the actual weight of the shipment or the declared full value protection lump sum value, in each case subject to a minimum of $10,000, subject to any selected deductible option, as set out in section (b) above.
    5. When Full Value Protection applies to a shipment that includes one or more motor vehicles or other property that is titled, including but not limited to automobiles, pickup trucks, vans, sport utility vehicles, ATVs, and UTVs the carrier has no liability for any mechanical condition for such vehicles, and the carrier’s maximum liability for such vehicles shall be either:
  1. The value stated in the current issue of the National Automobile Dealer’s Association (N.A.D.A.) Official Used Car Guide for such vehicles, adjusted for mileage and other factors considered in the Guide; or,
  2. The appraised value of the vehicle or vehicles, whichever is less.
  1. Declared Lump Sum Value allows the shipper to declare a maximum cumulative value of the items being shipped by the carrier. Declared Lump sum value is not Full Value Protection for the entire shipment nor any item.
    1. To receive Declared Lump Sum Value protection the shipper must choose the “Declared Lump Sum Value” option on the bill of lading and the deductible option they want to apply. If no deductible option is chosen then a $0 deductible will apply. The charges for this protection are set out as shown in “Valuation Costs” found in this filing.
    2. Under the Declared Lump Sum Value protection option, the carrier’s maximum liability shall be the dollar amount declared by the shipper, in each case subject to a minimum of $5,000, subject to any selected deductible option.
    3. This is not Full value protection on the shipment as a whole or any individual item.
    4. If any article is lost, destroyed or damaged while in our custody, the carrier, at its own discretion, will either; 1) repair the article to the extent necessary to repair the item to the same condition as it was received by the carrier, or repair it to a household good’s repair industry standard, or pay the shipper the cost for such repairs; or 2) replace the article with an article of like kind, quality and condition as it was received by the carrier, or pay the shipper the cost for such replacement. The carrier’s maximum liability for each individual item will be the lesser of either; A) the actual value of the damaged item; or B) the prorated value of the damaged item determined by comparing the item’s proportionate value of the entire shipment in relationship to the Declared Lump Sum Value declared by the shipper of the entire shipment
  1. Example – If a shipper has a carrier move 100 items that have an actual value of $1,000 each but makes a Declared Lump Sum Value of $20,000, the shipper has proportionately undervalued each item, as a result each item would be prorated to its proportion of the total Declared Lump Sum Value. In this example, the shipper declared $20,000 of value on their items that have an actual value of $100,000. The carrier would only be liable to a maximum value of 20% of each item’s actual value.
    1. When Declared Lump Sum Value applies to a shipment that includes one or more motor vehicles or other property that is titled, including but not limited to automobiles, pickup trucks, vans, sport utility vehicles, ATVs, and UTVs the carrier has no liability for any mechanical condition for such vehicles, and the carrier’s maximum liability for such vehicles shall be either:
  1. The value stated in the current issue of the National Automobile Dealer’s Association (N.A.D.A.) Official Used Car Guide for such vehicles, adjusted for mileage and other factors considered in the Guide; or,
  2. The appraised value of the vehicle or vehicles, whichever is less.
  1. Declared Lump Sum Value article (d) equally applies to titled property
  1. Minimal Released Value
    1. To receive the free Minimal Released Value option the shipper must choose the “Minimal Released Value” option on the bill of lading.
    2. Under the Minimal Released Value option, the carrier’s maximum liability shall be the lesser of thirty cents ($.30) per pound times the actual weight of the damaged article or the actual value of the item.
    3. When Minimal Released Value applies to a shipment that includes one or more motor vehicles or other property that is titled, including but not limited to automobiles, pickup trucks, vans, sport utility vehicles, ATVs, and UTVs the carrier has no liability for any mechanical or the physical condition of these items.

 

 

 

 

Valuation costs

Valuation amount Option A – $0 deductible Option B – $250 deductible Option C – $500 deductible
$5,000  $                               90.00  $                                   40.00  $                                   29.00
10,000  $                             135.00  $                                   72.00  $                                   48.00
15,000  $                             165.00  $                                 101.00  $                                   67.00
20,000  $                             190.00  $                                 135.00  $                                   86.00
25,000  $                             225.00  $                                 180.00  $                                 102.00
30,000  $                             271.00  $                                 215.00  $                                 121.00
35,000  $                             315.00  $                                 250.00  $                                 145.00
40,000  $                             360.00  $                                 315.00  $                                 185.00
50,000  $                             450.00  $                                 396.00  $                                 254.00
60,000  $                             540.00  $                                 462.00  $                                 292.00
75,000  $                             675.00  $                                 529.00  $                                 345.00
100,000  $                             900.00  $                                 653.00  $                                 433.00
125,000  $                          1,125.00  $                                 800.00  $                                 524.00
150,000  $                          1,350.00  $                                 854.00  $                                 621.00
175,000  $                          1,575.00  $                                 980.00  $                                 721.00
200,000  $                          1,800.00  $                              1,125.00  $                                 831.00
225,000  $                          2,025.00  $                              1,275.00  $                                 944.00
250,000  $                          2,250.00  $                              1,425.00  $                              1,063.00

Note 1. On shipments requiring storage-in-transit, the following valuation charge will apply in addition to the above charges: For each storage period of 30 days or fraction thereof, an additional valuation rate of ten percent (10%)  of the applicable storage-in-transit charge will be added.

 

 

 

  1. Claims
  2. The carrier will only recognize or consider claims that meet all of the following criteria:
  3. Claimed damage must meet the standard of being readably noticeable to a third party without being prompted.
  4. The claimed damage must have changed the overall and general condition of the item. The claimed item must not have previously existing like, equivalent, or comparable damage, blemish, or imperfection that would equally or to a greater degree affect the general condition of the item.
  • The claimed damage must have changed the value of the item.
  1. The claimed damage must be clear and obvious damage caused by the carrier from the services provided.
  2. A waiver was not signed by the shipper relieving the carrier of responsibility for the claimed item.
    1. The carrier may refuse to pay a shipper’s claim if:
  1. Payment for all services have not been received by the carrier
    1. The carrier will have no liability and will not consider or recognize claims for:
  1. The mechanical condition of appliances, electronics, and/or any other mechanical devices.
  2. Items constructed from Presswood.
  • Items left unpacked by the shipper, including but not limited to Tv’s, lamps, lampshades, pictures, electronics and any other item able to be containerized that the shipper requests to be moved in it’s current state.
  1. Stone, concrete, or plaster items; unless the shipper specifically requests the items to be crated in a lumber crate and pays for the associated costs of such crating.
  2. Any damage due a structural defect.
  3. High Value items not revealed, in writing, by the shipper and revealed to the moving crew prior to packing and/or loading.
  • Any items moved by the carrier out of mini-storage or a storage unit not operated by the carrier, unless all items are available to be inspected and are requested at the shippers cost to be inventoried prior to the carriers loading of such items.
  • Items delivered into mini-storage or a storage unit not operated by the carrier, unless the claim(s) are made at the time of delivery and before the delivery truck leaves the premises. Claims on items packed by the carrier may still be made within the normal claim period.
    1. Salvage
  1. Whenever property is transported by the carrier and is damaged or is alleged to be damaged and the carrier exercises their right to honor the claim and:
    1. Under Full Value protection, replace the article with an article of like kind and quality, or pay the shipper the cost for such replacement (Full Value Protection (c) (2)); or,
    2. Under Declared Lump Sum Value, replace the article with an article of like kind, quality and condition as it was received by the carrier, or pay the shipper the cost for such replacement. (The carrier’s maximum liability for each individual item will be the lesser of either; A) the actual value of the damaged item; or B) the prorated value of the damaged item determined by comparing the item’s proportionate value of the entire shipment in relationship to the Declared Lump Sum Value declared by the shipper to be the lump sum cumulative value of the entire shipment. (Declared Lump Sum Value (d) (2))); or,
    3. Under Minimal Released Value, pay the shipper a value equal or more than the actual value of the claimed item.

Then, the carrier will have the interest and right, at the carrier’s discretion, to recover the claimed item and to dispose of it at their own discretion; by accepting the carrier’s option, the shipper relinquishes all claim and ownership of the claimed item to the carrier.

 

 

 

Real Property

The carrier will be responsible for damages to the real property of the shipper and agrees to bring it back to a reasonably equal, equivalent, or better condition than it was first encountered by the carrier except:

  1. When a shipper requests a service outside of the scope of the carrier’s normal household goods moving services and expertise and the performance of such requested services results in the damage of real property.
  2. When a shipper cannot provide a clear path for the carrier to provide a standard and reasonable service to the shipper. The carrier will not be liable for damage to real property in these problematic areas. Examples of such areas would include, but are not limited to, turning stair cases, narrow doors and openings, stair landings, tight hallways, and walls at the end of hallways or stairways, and all areas that items cannot be moved through without an additional risk of damage.
  3. For normal wear and tear of real property resulting from the normal operations of working in and/or around the real property.
  4. For damage caused to real property as a result of the reasonable use of persons, materials, equipment, vehicles, or machinery needed to attempt to accomplish the service for the shipper.

 

 

 

Definition of Terms

Presswood: described as engineered wood building and furniture construction material made from wood veneers, wood shavings and particles, sawdust or wood fibers bonded together with an adhesive under heat and pressure

Actual value: The price resulting from negotiations between willing seller and willing buyer. “Actual Value”, “market value”, “fair market value”, “cash value”, and other like terms have the same meaning.

Shipper: The person or persons that are receiving the service.

Carrier: The company providing the service.

Constructive weight: The weight of an item or a shipment based on a standard of 6 pounds per cubic foot.

Third Party Services: Services required in connection with the move which are beyond the capabilities or expertise of the carrier.