If you purchased a sofa five years back at $400 and now the same set of sofa costs around $800, make sure that you list the value at $800 and not $400.
Singapore (PRWEB) April 20, 2014
Astro Worldwide Movers, one of the leading moving services company in Singapore, is now offering Full Replacement Value Insurance- Valued Inventory for shipment from one state to another, shipment within the same state or country and international shipments. Customers need to list each item that they are moving and declare the replacement value amount of each item prior to the date of moving.
One of the company executives said, “Full Replacement Value Insurance- Valued Inventory is different from the Full Replacement Value- Lump Sum. In the former, you need to list each item that you are moving and fix the replacement value amount of each of them. Items that are not listed are not covered under the insurance plan. While in the latter, you can simply announce a lump sum amount of the total coverage you desire for your shipment.”
The Full Replacement Value Insurance- Valued Inventory is the most comprehensive insurance option available and provides the best coverage. It is offered for interstate, intrastate and international shipments. For proper coverage, customers must declare a replacement value for all the items on which they want an insurance. Items can also be categorized as a group. If a claim is filed for an item in the group, the settlement value will depend on the average value of the items in that category.
“If you purchased a sofa five years back at $400 and now the same set of sofa costs around $800, make sure that you list the value at $800 and not $400. If you list the value at the cost price of $400, you will be entitled to a replacement or repair value of not more than $400, in case the item is damaged or destroyed during moving. So make sure you confirm the current price of the item in the market before you fix the replacement value,” added the executive.
Apart from the Full Replacement Value Insurance- Valued Inventory, the company also offers Full Replacement Value – Lump Sum insurance option to its customers. With the Lump Sum Insurance option, customers can declare an estimate of the total coverage which they want for their shipment. In this, only those items can be listed which are worth $500 or more. Astro Movers, however, recommends the first option to its customers to protect their valued items. Visit for international moving.
About the Company
Astro Worldwide Movers is one of the leading movers and packers in Singapore. The company has been providing best quality international shipping service in Singapore for the last 37 years. The company deals in 900 domestic and international places providing house removal in Singapore, international furniture removals and other services. Their services can be found in UK, New Zealand, Germany, Netherlands, South Korea, Malaysia, Thailand, UAE, China, Canada, Korea and many more.
31 Admiralty Road, Marsiling Lane #07-03
Tel: (+65) 6791 2488
Fax: (+65) 6794 2737