Valued Inventory
In order to obtain coverage for your goods, you must complete the Valued Inventory
Form. You can complete and submit this form online, or print the form and fill it in by hand.
NOTE: Adobe Acrobat Reader is required
to view the printable document linked to from above. Click to here download a free copy.
Instructions: How to Provide Coverage for Your Move
You must determine the full replacement value of your goods at the destination.
Provide this information in the Valued Inventory Form, either online or a printed form.
When items are listed together, all will be considered to be of equal value. If
additional listings or clarifications are required, please use the blank spaces
provided on the form.
Remember: you should be indicating replacement values in your destination
country.
The tables below show examples of how to enter the information.
|
G-LIVING ROOM
|
|
P – CLOTHING
|
|
ARTICLE
|
NO.ITEM
|
VALUE
|
ARTICLE
|
NO.ITEM
|
VALUE
|
|
Sofa(s)
|
1
|
$1,800
|
Coat(s)
|
2
|
$ 400
|
|
Chair(s)
|
2
|
$1,350
|
Suit(s)
|
4
|
$1,200
|
|
Lamp(s)
|
3
|
$ 400
|
Dresses
|
6
|
$ 600
|
In order to select coverage for Pairs and Sets and/or Mechanical and Electrical
Derangement you must duplicate the items and coverage value already listed as shown
below:
|
MECHANICAL/ELECTRONIC DERANGEMENT*
|
|
PAIRS AND SETS*
|
|
ARTICLE
|
NO.ITEM
|
VALUE
|
ARTICLE
|
NO.ITEM
|
VALUE
|
|
Sofa(s)
|
1
|
$1,800
|
Lamp(s)
|
3
|
$ 400
|
|
Chair(s)
|
2
|
$1,350
|
|
|
|
|
Lamp(s)
|
3
|
$ 400
|
|
|
|
Example Scenarios
It’s important to select the right kind of coverage, as these examples show.
-
Pairs and Sets
A customer obtains coverage for a dining room table and six chairs for $1,400.00.
If Pairs and Sets coverage was not selected and one chair is damaged, the customer
will only be compensated for $200.00 even if the chair cannot be replaced. However,
if the Pairs and Sets coverage is used, the customer will be compensated for the
entire cost of the set if one portion of the set is damaged beyond repair.
-
Electrical/Mechanical Derangement
A customer obtains coverage for a television for $500.00. If Electrical/Mechanical
Derangement coverage is not used and the TV arrives at the destination with no evident
external damage but does not work, the customer will not be compensated for this
damage. If Electrical/Mechanical Derangement coverage is purchased, the customer
will be compenstated for the internal damage to the TV.
Get Full Value Out of the Plan
All items must be covered. Don't deliberately under-value your possessions. If you
do not select enough coverage for your consignment, the underwriter will apply a
co-coverage penalty to any claims. For instance, if you obtain coverage for your
total consignment for half of its true replacement value, each and every part of
a claim could be reduced by 50%, regardless of its declared value.
What happens in the event of a claim?
You can file a claim from anywhere in the world. Claims may also be filed online
via the northAmerican International web site. All claims covered by North American
International N.A, Inc. will be settled promptly and efficiently, following any
necessary claim inspection survey. All claims will be processed through our central
claim department. This is another way in which northAmerican International provides
you with peace of mind.
What happens if I don't obtain coverage for my move?
We cannot overemphasize the importance of obtaining coverage for your international
shipment. If you don't, and if something is lost or damaged, northAmerican International
assumes no liability.
Any Questions?
If you have any questions regarding the Valued Inventory or Storage Extension forms,
please contact northAmerican International at 630-570-3516.
