| How To Complete The Application Form |
| With the exception of motor vehicles, your effects should be insured for the replacement retail cost of country of destination. |
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It is accepted that you may have difficulty knowing the exact values at destination, but you should have a reasonably
good idea of the comparable cost of living in the country to which your goods are being shipped.
Please note that in the event of a claim, under insurance will result in 'the application of average' which means, for example, if an item is under insured by 50%, Insurers will only pay half of any repair charge. If repair charges exceed the declared value, Insurers liability will be limited to the declared value, which would be payable subject to the item being adequately insured. Should shortages occur, settlement will be limited to the declared value/replacement cost. |
| Motor Vehicles should be valued at the sound market value at destination, i.e the value for which the same, or similar vehicle could be purchased in an undamaged condition. As above the 'application of average' will apply in the event of under insurance. |
| Please make use of the blank spaces provided under each category. |
| It is in your interest to provide as much detail as possible. |
| You will need to list the quantity of each item which you will be moving (in the column marked 'QTY') and enter the value of the item(s) in the column adjacent. For example, if you have 10 chairs in the dining room valued at US$100 each you should write: |
| QTY | ARTICLE | VALUE |
|---|---|---|
| 10 | Chairs | US$1,000 |
| However, if 2 of the chairs are worth, for example US$200 each, then you should list, and if possible identify them separately as follows: |
| QTY | ARTICLE | VALUE |
|---|---|---|
| 8 | Chairs (dining) | US$800 |
| 2 | Chairs (carver) | US$400 |
| Once you have listed all items, total the values in each column to produce a grand total. |
| Insuring for Shipping and Carriage Charges (MOVING COSTS) |
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If you decide to insure your shipping and carriage charges (moving costs), the advantage is that in the event of an
unfortunate occurrence such as your goods being totally lost or destroyed following a fire or sinking, in addition to
receiving compensation for the loss of your goods, you will be able to recover the costs incurred in moving.
Should you wish to take out this added insurance, please complete the "Moving Costs" section at the proposal form.
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