Insurance Agreement

The terms below cover the insurance responsibilities and options for storage and/or transit of content:

Section 1: Insurance – Storage

  1. The responsibility of the warehouseman, as bailee, is to exercise that degree of care which a reasonable careful person would exercise in regard to similar goods of his own. Accordingly, we assume no liability whatsoever for the loss or destruction or any damage to goods or property occasioned by fire, theft, water, leakage, shrinkage, breakage, ratage, vermin, heat, cold, frost, chance of weather, or from inherent qualities of the goods from strikes, work stoppages, riot, civil commotion, accident, acts of God, or any other cause whatsoever, unless due to this company’s negligence.
  2. Claims will not be valid unless:
    • A complete and accurate inventory has been prepared by Flood Brothers, Inc. and signed by the customer when items are placed in storage.
    • Noted in writing on the delivery ticket at time of delivery out of storage.
    • Payment is made in full prior to any settlement agreement of claims.
  3. Flood Brothers, Inc. reserves the right of first refusal to make all repairs.
  4. Flood Brothers, Inc. assumes no liability on articles packed or unpacked by anyone other than ourselves, nor does the company assume any liability for any concealed item, unless caused and accompanied by external damage.

Section 2: Insurance – Transit/Cargo

  1. Comprehensive liability insurance coverage is carried by Flood Brothers, Inc. for all items handled by us while performing a move and while under our complete and total control.
  2. Items of value (i.e. electronic equipment, artwork, high-value furniture, etc.) exceeding $1,000 per piece must be declared prior to being moved. Failure to provide this itemized list of high value items will limit our liability.
  3. Claims will not be valid unless:
    • Presented in writing within five (5) working days after completion of the job.
    • Payment is made according to the terms of the proposal.
  4. Flood Brothers, Inc reserves the right of first refusal to make all repairs.
  5. Should one or more items suffer breakage that is not settled per the valuation selection made below, twice the estimated repair cost may be withheld from the total payment due until the claim is resolved. Once resolved per the valuation selection, balance will be due.
  6. Flood Brothers, Inc. assumes no liability on articles packed or unpacked by anyone other than ourselves, nor does the company assume any liability for any concealed item, unless caused and accompanied by external damage.
  7. Flood Brothers, Inc. will not accept liability for missing items unless such items are considered missing while they are in our complete and total control, or if it can be proven that there was gross negligence on the part of our personnel. Should either and/or both possibilities exist, claims for missing items will only be honored provided  they are presented in writing within five (5) working days following completion of the job.
  8. Our employees are covered by workers’ compensation insurance.

Flood Brothers, Inc. assumes liability for damages to all items handled by our personnel during the course of providing your moving and storage services. Our liability is limited to the sum of $.60 per pound per item unless the owner has requested greater valuation at the agreed upon rate for Replacement Cost Valuation. Costs related to valuation selection are in addition to quoted prices.

Please select your valuation choice. (If neither is elected, standard valuation will be included)

Standard Valuation: I hereby release my property at the declared value of $.60 per pound per item at  no additional charge per the terms and conditions of this contract.

Replacement Cost Valuation: To ensure the highest quality of coverage for our clients, Flood Brothers offers the option of purchasing premium insurance services at Baker International Insurance Agency. For the insurance protection of office furniture, Industrial plants, warehouse, manufacturing equipment, electronics and other non-household goods during the relocation of your content and equipment.

All Risk Insurance with Replacement Cost Coverage. All Risk Insurance with Actual Cash Value Coverage for used electronics. Standard Rates $5.00 per $1,000.00 of value. Insured value must be equal to 100% of replacement cost or coinsurance will apply. Minimum premium is $100.00.

To purchase insurance contact our representative at 1 (800) 356-0099 from 9:00am to 6:00pm (Eastern Standard Time). Please reference Flood Brothers Moving or use the reference number 16746. Most policies approved within 48 hours or less.