Storage Valuation

We care about the safety of your personal possessions while you are in our storage facility. When we accept your belongings for shipment or storage, every member of the Magnum team treats them with the same consideration you would give them yourself.

What is Valuation?

The actual term is Carrier Liability. Massachusetts General Law requires all carriers to provide minimum or standard valuation, and maximum or excess liability options.

The guidelines for the above are printed on the back of your Bill of Lading, and your Estimate Order For Service, sections 1b, 2b, 2c, and 6. This is an agreement between the shipper and Magnum Moving & Storage, Inc. for the loss or damage to your household goods.

On the day of your move, shippers are required to select one of the following options before any packing or moving service takes place. Questions may be directed to the crew chief or you may telephone Magnum's Corporate Offices for clarification of any issue.

OPTION A: STANDARD VALUATION

This is the most economical option; there is no charge to the shipper for this coverage.

When you elect this option, the maximum amount of carrier liability is $ 0.60 per pound, per article. This amount is determined by Federal Transportation Rules & Regulations.

For Example: a $10.00 crystal bowl that weighs 2 pounds would be reimbursed $1.20; a television set that weighs 50 pounds would be reimbursed $30.00; an antique writing desk, valued at $1,500.00, weighing 210 pounds would be reimbursed $126.00.

OPTION B: FULL REPLACEMENT VALUATION

When you elect this option, carrier liability is charged at the rate of $20.00 per every $1,000 of value placed on a shipment. The amount to be considered is the responsibility of the shipper to determine. You may include both sentimental and investment value. Under this option, Magnum Moving & Storage reserves the right to first repair, and then replace the item(s) if necessary.

There is a minimum of $5,000 and a maximum of $250,000 of value. The charge will be placed on your Bill of Lading at the onset of the service.

For Example: $25,000 of value would cost you $500.