Declared
Value Protection
Declared Value Protection is based on the depreciated value
of an item, regardless of its current replacement cost.
The entire shipment is covered at a value not to exceed
the dollar amount the consumer declares.
With this option the mover assumes liability for the entire
shipment at an amount equal to $1.25 times the weight of
your shipment. For example, if your shipment weights 8,000
pounds, the mover will be liable for loss or damage up to
$10,000. You automatically default to this plan if you have
not chosen another option, and the mover is entitled to
charge you $7 for each $1,000 of liability assumed. (i.e.,
a $70 charge will be added to your bill for additional liability
if the declared value of the shipment is $10,000.)
Under this arrangement, if a 10-pound item valued at $1,000
is damaged, the mover is liable for up to $1,000, based
on the depreciated value of the item. Your valuables are
somewhat protected, but you pay more for it. Another consideration
is the frequently substantial gap between depreciated and
replacement value, particularly for electronics.
To obtain this coverage, please consult your mover for
additional charges and rules.
