We are booking a 20 foot container with PSS. Planning on taking all our household effects. We are now looking at insuring and are being asked to assign values to our belongings, but are unsure on how to go about this...
We were planning on insuring the most valuable items individually eg, furniture, electricals, and then assigning a lump sum to various grouped items eg. clothing, books, ornaments, crockery, bedding etc. What we don't understand is if an item within the grouped items is damaged, do they only pay out the value we assigned divided by the number of items we listed in that group (even if that single item was the most valuable item in the group)? And, if we haven't valued everything in our shipment, and they therefore deem our shipment to be undervalued, are we at risk when making a claim.
Any advice on how others insured their items for shipping would be much appreciated...