The Difference Between Valuation and Insurance
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worden
Apprentice
Joined: 27 Oct 2006
Posts: 7
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 Posted: 04/19/08 - 06:20 Post subject: |
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| I have recently been looking to move and I have heard there are several ways to make sure my losses during the transport are minimized. I have heard there is a valuation, and insurance. However, I am not sure what is the difference. If anyone could tell me, that would be great. Thanks in advance. |
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alexis
Apprentice
Joined: 20 Oct 2006
Posts: 5
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| Posted: 05/19/08 - 02:41 Post subject: |
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When it comes to moving your things, you are right about these two ways of insuring. The difference is great among them. Valuation, unlike insurance, is not strictly tied to the value of the goods that are carried, but only to how much the company that moves you wants to take the responsibility for your things. The more risk they are willing to take there will be more additional money involved. When it comes to insurance, it is indeed strictly related to the value of what you carry, and the insurance company pays you if there is any damage. You have to have premiums paid, and there is a certain amount of deductibles. That is, if your damage is above that amount, you will be entitled to receive funds. If you want some more info, go to http://www.dot.state.tx.us/services/motor_carrier/
consumer_protection/insurance.htm. |
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