What is “Valuation”?

The following information is not to scare you as a shipper but to inform you of the valuation and guidelines for household goods moved in NC. Rest assure Ramsey Legacy Moving will do everything possible to not damage anything during the process of your move or delivery. We have an excellent track record and strive to keep this (99.9996% success rate with no damages). Damages do occur very rarely and its a good to think ahead in this case.


Customers will often ask movers, “What kind of insurance do you have in case something is lost or damaged?” While the Commission requires movers to carry a minimum of $50,000 for general liability insurance and a minimum of $50,000 for cargo insurance, the settlement of your claim is defined by the valuation you select. Valuation establishes the total value of your shipment in case of catastrophic loss and also governs how the mover will resolve your claim for loss of or damage to individual items. The type of valuation will cover the entire shipment; you cannot select one type for part of the shipment and another one for select pieces. Therefore, if the amount of protection you desire exceeds the $50,000 minimum amount required by the Commission, you may want to request written verification of additional coverage from your mover to ensure that your shipment will be adequately covered. You must explicitly indicate your choice in two places: on the Bill of Lading and on the Addendum to the Bill of Lading (making sure that they both show the same choice). If the shipper fails to select one of the liability options available, the shipment will be considered released at a value of $.60 per pound per article (basic value protection).

As discussed below, there are two types of valuation available for both weight/distance and hourly-rated moves. However, hourly-rated shipments are not weighed. Therefore, if you decide to purchase full value protection for an hourly-rated move, the mover will estimate the weight of your shipment to calculate its value.

REMEMBER: You must select your level of valuation before the move begins. Once it starts, the selection cannot be changed. Also, be sure to provide the mover with a list of items you believe to be of extraordinary value (see Articles of Extraordinary Value). While preparing that list, customers sometimes realize that they have undervalued their shipment by simply accepting the minimum required. If everything on the truck is destroyed, are you prepared to accept a check for the value of the shipment shown on the estimate? If not, talk to someone about declaring an increased amount (and paying a higher fee).

Basic Value Protection – No Charge: This lower level of value protection is provided at no additional cost. However, it only provides minimal protection that is considerably less than the average value of household goods. The mover’s maximum liability will be 60¢ per pound based upon the weight of any lost or damaged items, regardless of its actual value. For example, damage to your refrigerator weighing 400 pounds would result in a maximum claim settlement of $240. Basic Value Protection provides minimal protection, and it is possible that settlement of any claim under this level of valuation will not be satisfactory to you. Under this type of valuation, for example, if the total weight of your shipment is 8,000 pounds, then the total value of your entire shipment is established to be $4,800.

Full Value Protection – 75¢ per $100 of Value: The minimum value of the shipment will be $4.00 times the weight of the shipment. However, you have the right to declare that your shipment has a greater value and pay for that increased protection. If items are lost, the mover will have the options of replacing them with articles of like kind and quality or paying the replacement cost as determined by current market value. If items are damaged, the mover will have the same options, plus the additional options of repairing the items or paying the repair cost. All damaged items that are either replaced or reimbursed at full-market value become the property of the mover. Under this type of valuation, for example, if the total weight of your shipment is 8,000 pounds, then the total value of your entire shipment is established to be $32,000 and the charge for that level of protection would be $240. However, if you decided that your shipment has a greater value, maybe $45,000 rather than the calculated minimum of $32,000, you could establish that your shipment value is $45,000 and the charge for that level of protection would be $337.50.


Items of extraordinary value are defined as those having a value greater than $100 per pound. Such items, e.g., crystal, fur garments, antiques, etc., should be specifically listed in writing for the mover and signed for on the Bill of Lading. If not listed, the mover’s liability could be limited to $100 per pound per article (based upon the actual article weight) regardless of the valuation you selected. For example, a claim for a broken $500 collectible weighing one pound could be covered for only $100. However, if such collectible item is claimed on the inventory list as an item of extraordinary value at $500, the mover’s liability may be up to $500 if you selected Full Value Protection. But remember, even if you declare items of extraordinary value, the total value of your entire shipment is still no more than the total value that is established under the type and total amount of valuation protection you select. Keep a copy for your records of the inventory list you provide to your mover. It is highly recommended that you transport certain valuable items yourself, such as jewelry, stamp and coin collections, cash, guns, legal and medical documents, tax records, genealogy research, and other such irreplaceable items.


North Carolina is one of only four states in the nation that acknowledges the unique characteristics of ready-to-assemble furniture made from press board, particle board, or other similar engineered materials. These items are shipped unassembled from the manufacturer for assembly by the customer or the retail store. Most of this furniture is not designed with the extra structural pieces to adequately brace the unit for movement out of or into a residence and may not withstand the normal truck vibration. Assembly instructions frequently suggest that the connecting pieces (often using dowels) be glued in place. While the gluing does not significantly improve the structural integrity of the piece, it makes disassembly impossible without creating substantial, irreparable damage. You need to be aware that the mover’s maximum liability on such furniture is 60¢ per pound per article or $50 per article, whichever is greater, regardless of the type of valuation you select.


Antique hutch was accidentally dropped off a ramp during unloading and damages were beyond repair. Hutch weights 200lbs. With basic value protection compensation for damages would be 200lbs x $0.60=$120

Antique hutch was accidentally dropped off a ramp during unloading and damages were beyond repair. Hutch weights 200lbs. With full value protection compensation for damages would be 200lbs x $4=$800

If the Antique Hutch is claimed as an article of extraordinary value before moving. The same antique hutch valued at $20,000 with full value protection can be covered to the full $20,000 (if full value protection is paid in advance covering at least $20,000 valuation).

Cost For Each:

Same Antique Hutch (Weight 200lbs) – Basic Value Protection Free

Same Antique Hutch (Valued at $20,000) – Full Value Protection Total Cost $75 ($20,000 / $100 = 200 x $4 = $75)