Portugal Expat Forum

Gogagay
Joined 2019
Posts: 36

3 years ago

STORAGE INSURANCE

3 years ago

My shipment (13m3) arrived during the lockdown and was put in the storage by the shipping agent appointed here. I received an email from the agent the other day concerning Insurance as the shipment was now considered long term for storage purposes and I was offered the following:

A - Take out insurance with the Agent - since it was packed overseas and not by this local company, it will have to be opened and repacked here in their warehouse, and I must be present while this occurs. They will then issue a valorised inventory. The cost of this will be 325€ + VAT and 20€/m3 if new packing material is needed and the insurance 0.45% plus vat of the inventory list;

B - Sign a Waiver Agreement . If I sign the waiver agreement. I will be covered for civil liability insurance only. I must include a copy of my insurance certificate and a detailed value inventory list.

My shipment insurance (from point of origin) covered a door to door service and OPITON A would void my shipping insurance - therefore not an option - aside from the costs associated and that the ship has been professionally packed already..

OPTION B: signing the Waiver Agreement - the goods have been in storage for 3 months already. An inventory has already been provided as the agents handled the import. I have an overall value with my original insurance - but they want an itemised value. None of this mentioned when storage handling and fees were discussed on arrival of the shipment.

Is anyone familiar with this practice? Any comments/advice would be appreciated.

COPY OF Waiver Agreement: Between XXX and Mr & / or Mrs.......................................has duly accepted and signed the provision for services submitted by XXX for the removal of his / her personal belongings and / or his / her vehicle(Ref: write here the move number references).Mr & / or Mrs................................................................................ Has been informed about the terms and conditions of the insurance policy offered by XXX.Mr & / or Mrs............................................................................. has rejected the insurance offered by XXXand has decided to have his / her personal belongings and / or his / her vehicle fully covered by :................................................................................................ and is fully aware that the basic liability of XXX is accordingly restricted to :- For the personal belongings :Euros 152,45 per item or a set of items1, and 1.52 €/ LBS it is to say Euros 304,90 per CBM with a maximum global refund of Euros 7 622,45 per shipment.- For the vehicles :Euros 228,67 per vehicle.In case of damage & or loss, Mr & / or Mrs............................................ Will seek settlement from his / her own appointed insurance company.XXX cannot be held responsible for any loss or damage, except within the contractual liability terms detailed above.should be enclosed: Your insurance certificate and a detailed value inventory list1 “A set of items”refers to items which can not be purchased individually.

William Russell

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William Russell

Get a quote for international health insurance from our partner, William Russell.
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William Russell

Get a quote for international health insurance from our partner, William Russell.
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William Russell

Get a quote for international health insurance from our partner, William Russell.
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