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| OPTION 1 |
Released Value Protection/Almost No Coverage |
| This option pays up to 60 cents per pound per article for any lost or damaged article. For example, it would pay a maximum of $30.00 for a 50-pound table ($.60 x 50 lbs.).There is no extra charge for this option. |
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| OPTION 2 |
Depreciated Value Protection |
| The weight of your goods is multiplied by $1.25 per pound to figure its value, or you may declare a lump sum value for your goods. The greater of the two value figures will be used to calculate the amount you must pay for this protecton. Any items lost or damaged are subject to depreciation under this option. The price for this option is 50 cents per each $100.00 of value. |
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| OPTION 3 |
Replacement Cost Protection |
| The weight of your goods is multiplied by $3.50 per pound to figure its value, or you may declare a value of $10,000 or more. The greater of the two value figures will be used to calculate the amount you must pay for this protection. Depreciation does not apply under this option. The price for this option is 85 cents per each $100.00 of value. |
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Additional Valuation Information
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Hourly rated shipments are not usually weighed, so a lump sum value must be declared if you wish to purchase depreciated value or replacement cost protection.
Be sure the bill of lading indicates the option you have chosen before you sign it.
If NO option is chosen, and you sign the bill of lading, the mover will assign depreciated value protection (Option 2, above). You will be required to pay the valuation charge for this protection. |
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