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| Moving to San Antonio |
Full Replacement Value - Valued Inventory
This is the most comprehensive insurance option available and provides the best coverage. This insurance is offered for interstate (moving from state to state), intrastate (moving within the same state) and international shipments. With this option, you must list and declare a replacement value on all of the items that you wish to insure. Items may be categorized as a group, such as “living room set, 7 pieces.”
Full Replacement Value - Lump Sum
This insurance is offered for interstate shipments only (moving from state to state) and for international shipments. The total coverage amount is determined when you, place a lump sum value on all of your goods to be insured considering the declared value of the shipment equals no less than $6 times the weight of the shipment. Any items individually valued at $500 or more need to be listed separately in order to be covered at their specific replacement value.
— Full service – Named Perils (They load and drive)
This type of coverage applies to goods transported or stored by a full service moving company.
Named Perils insurance covers only losses that result from causes explicitly listed in the Terms and Conditions. Coverage is available for both the transit period as well as the storage. Causes of loss for the transit and storage periods can be reviewed in the Terms and Conditions for this insurance type. There are two options within this choice to consider:
Named Perils - Selected Inventory
This provides coverage based on an itemized and selected inventory prepared by the insured prior to the shipment date. For your benefit and for proper coverage, you must list and declare a replacement value on all of the items that you wish to insure. This option is the most comprehensive and is the best coverage available, as it does not reduce the settlement amount for depreciation or a co-insurance penalty. This completed inventory could also act as a base for your homeowners or renters insurance policy at the new location.
Named Perils - Total Value
This offers coverage if you are interested in insuring your entire shipment. The total coverage amount is determined when you place a total value on all of your goods to be insured considering the declared value of the shipment. Any items individually valued at $500 or more need to be listed separately in order to be covered at their specific replacement value. To avoid being underinsured, it is required you declare the replacement value of your entire shipment.
— Other Coverage Options
Mobile Storage, where you load and a moving company drives. Mobile Storage Named Perils insurance covers only losses that result from causes explicitly listed in the Terms and Conditions. Coverage is available for both the transit period as well as the storage. Causes of loss for the transit and storage periods can be reviewed in the Terms and Conditions for this insurance type.
Truck Rental, where you load and you drive. Truck Rental Named Perils insurance covers only losses that result from causes explicitly listed in the Terms and Conditions. Coverage is available only for the transit period of the move. Coverage is provided only for transported goods and not for damage or loss to the vehicle or its driver and passengers. Causes of loss can be reviewed in the Terms and Conditions for this insurance type.
Total Loss Only (TLO), which is for all move types and is designed to protect your goods only against a catastrophe. This includes fire, flood, truck accident or a stolen truck, resulting in total damage or loss of the shipment. TLO is defined as an insurance type that offers coverage compensating for damages or losses only in case of 100 percent damage or loss to the shipment. This insurance type will not compensate for any individual items damaged or lost.
Moving Expenses
Tax deductions might apply to a move, but it is best to understand the law before moving in order to keep the appropriate records and to comply with any necessary provisions.
Keep in mind that a move must be at least 50 miles from a current home and involve changing job locations in order for expenses to be deductible.
— Deductible Moving Expenses
You can deduct the reasonable expenses of moving your household goods and personal effects and of traveling from your old home to your new home. Reasonable expenses can include the cost of lodging (but not meals) while traveling to your new home.
— Who can deduct moving expenses
According to the IRS, If you move to a new home because of a new principal workplace, you may be able to deduct your moving expenses whether you are self-employed or an employee. To be eligible, you must meet both the distance test and time test.
Call the Internal Revenue Service at 800-829-1040 or visit www.irs.gov to request a free booklet explaining exactly what can and cannot be deducted.
Forwarding Mail
Before you even relocate, the United States Postal Service (USPS) offers you a way to change your mailing address online. Simply visit www.usps.com and click on Change Your Address. From there, follow the prompts to provide your information. You can select “Temporary” if you plan to move back to your old address within 12 months and select “Permanent” if you have no plans to move back to your old address.
This is the most comprehensive insurance option available and provides the best coverage. This insurance is offered for interstate (moving from state to state), intrastate (moving within the same state) and international shipments. With this option, you must list and declare a replacement value on all of the items that you wish to insure. Items may be categorized as a group, such as “living room set, 7 pieces.”
Full Replacement Value - Lump Sum
This insurance is offered for interstate shipments only (moving from state to state) and for international shipments. The total coverage amount is determined when you, place a lump sum value on all of your goods to be insured considering the declared value of the shipment equals no less than $6 times the weight of the shipment. Any items individually valued at $500 or more need to be listed separately in order to be covered at their specific replacement value.
— Full service – Named Perils (They load and drive)
This type of coverage applies to goods transported or stored by a full service moving company.
Named Perils insurance covers only losses that result from causes explicitly listed in the Terms and Conditions. Coverage is available for both the transit period as well as the storage. Causes of loss for the transit and storage periods can be reviewed in the Terms and Conditions for this insurance type. There are two options within this choice to consider:
Named Perils - Selected Inventory
This provides coverage based on an itemized and selected inventory prepared by the insured prior to the shipment date. For your benefit and for proper coverage, you must list and declare a replacement value on all of the items that you wish to insure. This option is the most comprehensive and is the best coverage available, as it does not reduce the settlement amount for depreciation or a co-insurance penalty. This completed inventory could also act as a base for your homeowners or renters insurance policy at the new location.
Named Perils - Total Value
This offers coverage if you are interested in insuring your entire shipment. The total coverage amount is determined when you place a total value on all of your goods to be insured considering the declared value of the shipment. Any items individually valued at $500 or more need to be listed separately in order to be covered at their specific replacement value. To avoid being underinsured, it is required you declare the replacement value of your entire shipment.
— Other Coverage Options
Mobile Storage, where you load and a moving company drives. Mobile Storage Named Perils insurance covers only losses that result from causes explicitly listed in the Terms and Conditions. Coverage is available for both the transit period as well as the storage. Causes of loss for the transit and storage periods can be reviewed in the Terms and Conditions for this insurance type.
Truck Rental, where you load and you drive. Truck Rental Named Perils insurance covers only losses that result from causes explicitly listed in the Terms and Conditions. Coverage is available only for the transit period of the move. Coverage is provided only for transported goods and not for damage or loss to the vehicle or its driver and passengers. Causes of loss can be reviewed in the Terms and Conditions for this insurance type.
Total Loss Only (TLO), which is for all move types and is designed to protect your goods only against a catastrophe. This includes fire, flood, truck accident or a stolen truck, resulting in total damage or loss of the shipment. TLO is defined as an insurance type that offers coverage compensating for damages or losses only in case of 100 percent damage or loss to the shipment. This insurance type will not compensate for any individual items damaged or lost.
Moving Expenses
Tax deductions might apply to a move, but it is best to understand the law before moving in order to keep the appropriate records and to comply with any necessary provisions.
Keep in mind that a move must be at least 50 miles from a current home and involve changing job locations in order for expenses to be deductible.
— Deductible Moving Expenses
You can deduct the reasonable expenses of moving your household goods and personal effects and of traveling from your old home to your new home. Reasonable expenses can include the cost of lodging (but not meals) while traveling to your new home.
— Who can deduct moving expenses
According to the IRS, If you move to a new home because of a new principal workplace, you may be able to deduct your moving expenses whether you are self-employed or an employee. To be eligible, you must meet both the distance test and time test.
Call the Internal Revenue Service at 800-829-1040 or visit www.irs.gov to request a free booklet explaining exactly what can and cannot be deducted.
Forwarding Mail
Before you even relocate, the United States Postal Service (USPS) offers you a way to change your mailing address online. Simply visit www.usps.com and click on Change Your Address. From there, follow the prompts to provide your information. You can select “Temporary” if you plan to move back to your old address within 12 months and select “Permanent” if you have no plans to move back to your old address.
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