Expat Community > Portugal

Gogagay
Joined 2019
Posts: 38

STORAGE INSURANCE

4 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.

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

Living in Portugal Guide

Our Living in Portugal Guide is a primer on everything about living in Portugal: best places to live, cost of living, pros and cons, healthcare and insurance, obtaining a driver's license, how to bring your pet with you and more.

Portugal Forum
Join our Portugal forum to meet other expats and talk about living in Portugal.

Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Portugal.

Best Places to Live in Portugal

If you're thinking about living in Portugal, here are the 15 Best Places to Live in Portugal in 2023.

Healthcare in Portugal

Expats in Portugal with a residency visa can participate in the national health care system. Here's what you need to know about the SNS and the combination of public and private services you'll need to manage your health in Portugal.

Cost of Living in Portugal

Expats offer insight into the cost of living in Portugal.

Moving to Portugal Guide

Expats moving to Portugal are drawn by a variety of places to live, a rich history and so much more. Here are some tips on what it means to move there, and how to make it happen.

Real Estate in Portugal

Real estate listings in popular cities and towns in Portugal.

Pros & Cons of Living in Portugal

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Portugal.

Retiring in Portugal

Advice for people retiring in Portugal.

Portugal Visa & Residency Guide

Thanks to Susan Stults Korthase for this helpful overview of current requirements to begin the process of obtaining a Residency Visa when moving from the US to Portugal.

10 Tips for Living in Portugal

If you've recently arrived in Portugal, here are 10 tips for digital nomads living in Portugal.

Additional Information:

Visit our Portugal Index for a Full List

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

Contribute
Help others in Portugal by answering questions about the challenges and adventures of living in Portugal.

Login

Or, Send Login Link

Expat Community > Portugal

STORAGE INSURANCE

Login