Posts Tagged ‘moving terminology’

Defining Your Value

Value means different things to different people. For some, it is a simple, tangible and easily calculated concept. For others it’s a bit more open ended.

When it comes to relocation, value usually refers to both money and convenience. It often comes down to how much it would literally cost to replace items broken in a move as well as things like what it might cost to move during a certain time of year. In keeping with this week’s series on word definitions, the following terms are all about defining the value of your move.

HIGH VALUE ARTICLE

There is a Moving Industry figure that has been created to put a standard value on replacing items. Generally, when items are damaged during a move this figure, referred to as “released value”, is applied. This rate is generally 30-60 cents per pound for each item and this amount is automatically covered by the moving company with no additional insurance needing to be purchased. A High Value Article is an item that has a value of more than $100 per pound. Things such as furs, rugs, jewelry and electronics fall into this category. These items require a separate form called a “High Value Inventory Form” to be filled out.

PEAK SEASON RATES

When is the best time of year to move? Even though there is a season for everything, you will find many different opinions on this topic. Every time period has its pros and cons. While Winter is inconvenient from a weather perspective, it may be less expensive to hire a mover. And while Summer may guarantee good weather, it is also what is considered in the industry to be Peak Season. In order to avoid especially high prices between June and September, it is important to book your mover early.

TARIFF

Although there is some regulation and consistency between moving companies, each one is able to set their own rates. This responsibility is set forth by the Surface Transportation Board, and results in the creation of what is known as a Tariff.  A Tariff is a document created to fully outline and explain what a moving company offers and how they calculate their pricing. It is designed to give an overview and to create accountability. Every professional moving company should have a Tariff available for you to consult upon request and we highly recommend taking a look at it to avoid hidden charges.

Moving, Shipping and Contracts

Accessorial (Additional) Services – services such as packing, unpacking, or shuttle service that you request to be performed (or are necessary because of landlord requirements or other special circumstances).

Advanced Charges – charges for services not performed by the mover but instead by a professional, craftsman or other third party at your request. The charges for these services are paid for by the mover and added to your bill of lading charges.

Bill of Lading – the receipt for your goods and the contract for their transportation. It is your responsibility to understand the bill of lading before you sign it.

Binding/Non-Binding Estimate – a binding estimate is an agreement made in advance with the mover that guarantees the total cost of the move based on the quantities and services shown on the estimate. A non-binding estimate is the carrier’s approximation of the cost based on the estimated weight of the shipment and the accessorial services requested.

High Value Article – items included in a shipment that are valued at more than $100 per pound. These items should be disclosed to the mover to ensure that they are protected accordingly.

Inventory – the detailed descriptive list of your household goods showing the number and condition of each item.

Transportation Charges – charges for the vehicle transportation portion of your move. These charges apply in addition to the additional service charges.

Order for Service – the document authorizing the mover to transport your household goods.

Pickup and Delivery Charges – separate transportation charges applicable for transporting your shipment between the warehouse and your residence.

Shuttle Service – use of a smaller vehicle to provide service to residences that are not accessible to the mover’s normal line haul equipment (large moving vans).

Storage-In-Transit (SIT) – temporary warehouse storage of your shipment pending further transportation; for example, if your new home isn’t quite ready to occupy. Added charges for SIT service and final delivery charges from the warehouse will apply.

Valuation – the degree of “worth” of the shipment. The valuation charge that you are assessed compensates the mover for assuming a greater degree of liability than that provided for in the base transportation charges.

Valuing Feedback

After every move Exodus Moving & Storage completes, we will request your input about your moving experience with us. Continuous improvement is the hallmark of our success as a company and we are always anxious to get your feedback on how well we did our moving job.

Competitive and Accurate Estimates

The Cost of relocation is either based on weight or number of men and trucks needed as well as distance traveling. At no charge to you, one of our experienced and courteous Move Coordinators will review their move in great detail and provide you with an accurate move quote. Our Move Coordinator will also confirm requested pick-up and delivery dates.

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