I asked our VP, who has researched this subject in-depth as a matter of course for our business (records transportation and relocation).  His response:

"Valuable paper insurance only covers the same replacement of box folders and paper for the third party. It is only good if you have it for yourself and also can have particular requirements on how records are moved by a third party vendor. The insurance for third party protection to include recovery does not exist in our experience."

Hope this helps...



Jon Quandt
Account Representative
Office Interiors Filing Systems
10168 Cedar Ridge Drive
Ashland, VA 23005
800-728-7874 Ext 124
Fax: 804-550-7648
www.oi-filingsystems.com



  

-----Original Message-----
From: Records Management Program [mailto:[log in to unmask]] On Behalf Of Laura Boldt
Sent: Tuesday, December 22, 2009 1:27 PM
To: [log in to unmask]
Subject: Valuable Papers Insurance

Good Afternoon,

I have been tasked with researching whether or not the urban myth that 
companies pay only $2 per box when they loose a box is true.  I found out 
that the myth is true.  I know one way to deal with this is to buy valuable 
papers insurance.  (I did search the archives on this topic.)  Are there any 
other methods to compensate for lost or destroyed records that you know of 
and if there are, what are they?  If you do obtain the insurance, how do you 
determine the amount to insure your records?  It seems to me that that is the 
really tricky part.  Also, those of you who have the insurance, have any of 
you collected on it and what was that process like?

Thanks,

Laura Boldt, CRM
Georgia Power
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