Paramount Moving Insurance & Safety

Insurance Options for Your Belongings

In addition to standard coverage, we offer two levels of protection for your household goods: Basic/Limited Liability and Full-Value Protection. Each has different levels of financial responsibility and cost, giving you the option that suits your move and your budget.

Basic / Limited Liability Coverage

• This is the standard level of protection – included automatically unless you choose otherwise.
• Coverage is typically based on a fixed amount per pound of weight of goods moved (for example, 60-cents per pound) rather than full replacement value of the items.
• A good choice if the items being moved are of standard value and you’re comfortable with minimal additional cost.
• Note: Because coverage is weight-based and not item-value based, it may not fully cover higher-value possessions if loss or damage occurs.

Full-Value Protection Coverage

• Optional upgrade you may select for higher peace of mind and broader coverage.

• With this option, Paramount Moving takes responsibility for the declared value of your shipment. If an item is lost, destroyed, or damaged, we will:

  1. Repair the item;
  2. Replace it with a similar item of like kind and quality;
  3. Provide a cash settlement based on current market value.
• Coverage is calculated according to the declared value of your goods, subject to any deductible you select.
• Ideal for moves with high-value, irreplaceable or sentimental items where standard coverage may not suffice.
• Important: High-value items typically must be declared in advance and listed on your inventory for full coverage eligibility.

Example Scenarios: Understanding Your Coverage

Basic / Limited Liability Coverage Example

Basic coverage is automatically included at no additional cost. It’s based on the weight of your items, not their actual replacement value.

Let’s say you have a wooden dresser that weighs 150 pounds and is valued at $1,000.

• Under Basic Coverage (at $0.60 per pound), the maximum reimbursement would be $90 (150 lbs × $0.60/lb).
• Even though the dresser is worth much more, the payout would still be limited to $90.

This option is suitable if you’re moving mostly standard furniture or household items and want to keep insurance costs minimal — but it provides limited financial protection for higher-value belongings.

Full Value Protection Coverage Example

Full Value Protection (FVP) is an optional upgrade that offers far greater protection. With this plan, Paramount Moving takes responsibility for the declared value of your shipment — not just its weight. Ask the Paramount Moving team for the cost of this Coverage.

Using the same dresser example:

• If it’s damaged or lost, we will either repair it, replace it with a similar model, or compensate you for its current market value.
• You might choose a deductible (e.g., $250), and coverage limits are based on the total declared value of your shipment (for example, $10 per pound of total shipment weight).

So, if your total shipment weighs 10,000 lbs, it would be valued at $100,000 total coverage under FVP.

This option is ideal for customers with valuable, irreplaceable, or sentimental items — such as high-end furniture, art, or electronics — who want full peace of mind during the move.

At a Glance: Coverage Comparison

Specialized Television Coverage

Televisions are among the most delicate and valuable items we move, so Paramount Moving provides dedicated TV coverage beyond standard insurance.

Coverage Options

• Basic Value Protection (Free)

  Included with every move. Covers televisions at $0.60 per pound per article, regardless of actual value.

• TV Replacement Coverage

  For greater protection, you can upgrade to our TV Replacement Coverage for $3.50 per $100 of declared value, with a $250 deductible.

  If your TV is lost, damaged, or destroyed while in our care, we will:

  1. Repair the item,
  2. Replace it with a similar model,
  3. Provide a cash settlement for the repair or current market value (up to $5,000 per TV).

Important: TVs must be inspected and turned on at pickup and packed in original or Paramount-supplied TV boxes to qualify for coverage.

TVs packed by the customer or picked up from independent storage facilities are not covered under our policy.

We provide up to two telescopic TV boxes free of charge for your convenience. OLED and large-screen TVs require original or specailty boxes for safe transport and full coverage eligibility.

TV Inspection Process

Before and after the move, our team completes a television inspection form documenting each unit’s condition.

• TVs are inspected, powered on, and securely wrapped before loading.
• Upon delivery, we unwrap and recheck the TV’s condition.
• Once our crew leaves the premises, our liability for televisions ends, as outlined in your signed inspection form.

Important Notes

• Full Value Protection must be selected and declared before the move begins.
• High-value items (e.g., jewelry, artwork, collectibles) should be listed separately to ensure full coverage.
• Deductibles and coverage minimums may apply based on your shipment size and declared value.

Safety and Care Standards

We believe prevention is the best protection. Every move includes:

• Floor and surface protection to prevent scuffs or scratches
• Door jamb and banister guards for tight corners
• Professional packing using high-quality moving blankets, shrink-wrap, and straps
• Regular equipment maintenance to ensure trucks and tools are in top condition
• Secure loading methods to prevent shifting during transit
• Ongoing employee training in proper handling, lifting, and customer service

Claims & Resolution

We take pride in doing everything possible to avoid damage – but if something does happen, we handle it quickly and fairly.

How it works:

1. Notify your crew lead immediately if you notice an issue on moving day.
2. Submit your claim within 48 hours after your move so we can review it right away.
3. Provide photos or a brief description – we’ll guide you through the process.

Our goal is to resolve every claim immediately, whenever possible. We value honesty, fairness, and complete transparency.

Working with Buildings & Strata

We frequently work with apartments, condos, and commercial properties. If your building requires proof of insurance, elevator reservations, or WCB letters, our office can provide everything you need.

Protecting Your Belongings

While our insurance provides broad protection, careful preparation goes a long way. Here are a few ways to help us keep your move safe:

• Secure drawers and remove loose items.
• Use original boxes for electronics or fragile goods when available.
• Clearly label fragile boxes.
• Let us know about valuable or sentimental items before moving day.
• Ask about additional valuation coverage for high-value items.