April 23, 2020
High Value Inventory: What it Is and How to Protect Yours During a Move
We need only tune in to the famed Saturday morning show, Antique Roadshow, to witness the variety of ways people define a High Value Item. With the exceptional rarity of a Faberge egg worth over a million dollars, audience treasures tend to garner a much meeker response and figure than hoped. Sentimental value doesn’t always equal monetary value, unfortunately.
So, what’s the true definition of High Value Inventory?
High Value Inventory is the inventory of all items that are considered to have extraordinary value in excess of $100.00 per pound per article that are included in the shipment. For example, while the man of the house may value his large flat screen television equal to his first-born, by the definition of High Value Inventory, it would not qualify. Reason being, if the television is valued at $3,000.00 and weighs 100 pounds, then the prized television is only worth $30 per pound, not meeting the minimum value of $100 per pound.
What does qualify then?
The following items aren’t as grand in scale as a large television, but often meet High Value Inventory standards:
- Rare currency or coins
- Precious metals, gems, stones, etc.
- Silverware, china sets or crystal
- Designer handbags, shoes, clothing and suits
- Furs or fur garments
- Musical instruments
- Manuscripts or rare documents
- Other rare collectibles
How can they be protected during a move?
Armstrong helps customers protect their High Value Inventory by providing a High Value Inventory form and one-on-one assistance with a dedicated move coordinator. Once the High Value Inventory form has been received by the customer, Armstrong suggests the following:
- Move or rearrange all High Value Inventory into one room in your home. This guarantees that you will not miss listing an item on your form and that your High Value Inventory will all be packed safely and securely.
- Once you have verified your High Value Inventory items are placed strategically together in a specific area of your home, carefully list each item on your High Value Inventory form. When the packers arrive to begin the packing process, they will pack the High Value Inventory first in High Value Inventory cartons. They will note the cartons in the master inventory as HVI cartons. When moving day arrives, show movers the High Value Inventory cartons the packers prepared. If any High Value Inventory items were not included in the cartons, show these to the movers, as well. The movers will cross-check the packers’ inventory and add any High Value Inventory items that were not originally included. Both you and the driver will sign off on the High Value Inventory sheet, and you will retain a copy for your record.
On delivery day, you will inventory your High Value Inventory, along with the movers, and verify their condition. You will then have the opportunity to notate any High Value Inventory exceptions that may have occurred during delivery. After noting any exceptions, you will both sign the High Value Inventory sheet and then contact your Moving Coordinator, as they will help you navigate next steps for any exceptions.
Armstrong understands that moving can be stressful. We also understand the importance of taking great care when handling personal and sentimental items. Let us help you protect your High Value Inventory during your move and guarantee that they can continue to bring you and your family joy for years to come.Return to Blog Homepage >