Valuation refers to the amount of liability that Atlas assumes when moving your belongings. Before you agree to a valuation option, take the time to understand the pros and cons of available choices.
This is the most economical option, offering minimal protection at no additional cost. Claims for loss or damage are based on weight multiplied by 60 cents per pound ($1.32 per kilogram).
When you select this option, articles lost, damaged or destroyed will, at Atlas' option, be either repaired, replaced with articles of like kind and quality, or a cash settlement will be made for the repairs or for replacement of the articles at their current value, regardless of the age of the lost or damaged articles. The minimum declared value of a shipment for Full Value Protection is $10,000 or $6.00 multiplied by the total weight of the shipment in pounds, whichever is greater.
These valuation options are not governed by state insurance laws, but instead are authorized under Released Rates Orders of the Surface Transportation Board of the U.S. Department of Transportation. Valuation is NOT insurance.
Atlas provides this information to explain what you must do and what it will cost to place a value on your household goods shipment. If you have any questions after reading this information, ask your Atlas Agency Sales Representative.