Terms & Conditions
Subject to the Provisions of the Open Household Goods Policy issued by the Underwriting Valuation Protection Company

■ Valuation Protection COVERAGE;
This coverage is specifically designed for transit Valuation Protection of household goods, personal effects, antiques, autos, and the like as declared and valued on this inventory. Your protected items are subject to all risk door-to-door coverage.

Subject always to the general conditions of this policy, and any special conditions herein, the company insures the goods subject to Institute Cargo clauses with respect to Cargo, War, Strikes, Classification, etc., as detailed in the Marine Valuation Protection Policy issued by the underwriting Valuation Protection company.

■ EXCLUSIONS
1. The following are not covered by this policy: jewellery, watches, precious stones and metals, coins, money, stamps, deeds, securities, documents, live animals, explosives and ammunition, narcotics, wines and spirits.

2. Breakage and damage of owner-packed goods, unless directly caused by fire, stranding, sinking or collision during transit, are not covered by this policy.

3. Valuation Protection excludes claims in respect of:
a. Wear, tear, gradual deterioration, moth, vermin, rust, mildew.
b. Consequential loss of any kind or description.
c. Mechanical or electric breakdown.
d. Any loss or damage occasioned to or by: perishable goods, acids, paints, aerosols, medicines, and liquids of all descriptions included in the consignment.
e. Loss or damage by climatic or atmospheric conditions and inherent vice.
f. Loss or damage caused by radiation or radioactive contamination.
g. Delay, confiscation. or detention caused by Customs or other Officials or Authorities.
h. Goods packed in autos. Non-factory installed accessories not specifically declared on the inventory and valued for Valuation Protection.
I. Furs, unless valued and declared on the Inventory. Furs are excluded during long-term storage.
j. Loss or damage caused by war, invasion, hostilities and/or rebellion.
k. Loss of or damage to an automobile while being driven under own power except while on premises of the port.
I. Any tax or duties payable
m. Depreciation arising from inadequate or substandard repairs or restoration of a damaged item.
n. Any economic or consequential damages or losses as a result of the damage or loss of any goods or delays in delivery.

■ GENERAL CONDITIONS
1. The household goods and personal effects protected should be valued at the replacement cost at destination as stated and supported in the inventory and support documentation.
Failure to protect for the full replacement value would only entitle you to recover from the Underwriters the proportion of the loss that the declared value bears to the total value of the property shipped, as detailed in the Marine Valuation Protection Policy's 100% Co-Valuation Protection clause.

2. Claims in respect of articles forming part of pairs or sets are only recoverable for a proportionate of the value of the pair or set.

3. Valuation Protection coverage commences from the time of packing and pickup of all protected goods comprising the shipment and is in full force until final delivery at destination. Unpacking is included if professionally packed and unpacked.

4. Coverage of stored goods is provided in accordance with the Marine Valuation Protection Policy issued by the Underwriting Valuation Protection

5. In the event of loss or damage to a particular article protected, Valuation Protection liability shall not exceed the cost of replacement or repair, up to the declared value of the article protected.

6. Underwriters shall be entitled, at their option, to repair or replace any article lost or damaged, whether wholly or in part. Underwriters reserve the option to pay cash, not exceeding the value protected.

Underwriters reserve the right to have all damages inspected.

Where settlement amounts to the full protected value of a damaged article, Underwriters reserve the right to salvage such article as property of the insurers.

Underwriters have the option to require full payment of Valuation Protection premiums and move invoice before any claim settlement.

7. The Underwriters shall apply 100% co-Valuation Protection clause. In the event that an Item is lost or damaged and your total consignment is underprotected, the Underwriters will apply a prorated lower protected value regardless of the item's actual value. For example, if you insure your total consignment for 70% replacement of the actual replacement cost, you will only receive 70% of the value of a lost or damaged article.

8. The Underwriters shall be subrogated to the extent of their its payment for losses protected hereunder to all the protected's rights of recovery against any person or organization, excepting the freight forwarder or mover who Issued this document.

9. In the event of loss or damage, full details of the claim must be forwarded in writing to Armstrong International Movers within 30 days after delivery. Claims procedures as outlined on your copy of Special Marine Policy must be followed.

10. These Terms and Conditions are subject to the provisions of the Marine Valuation Protection Policy issued by the Underwriting Valuation Protection Company.