Value for insurance as declared by the owner.
The value of a shipment , as stated in writing by the shipper on the house airway bill. Click here for additional information.
A declared value is a moving company's maximum liability for loss or damage to the customer's goods. It is set by the customer's indication of the value of the possessions he is shipping. If no value is declared, the liability is established by the rate charged from handling the shipment.
This is the value an owner states on an insurance document for the value of their belongings, calculated on the value to replace the goods at destination. This value will be used to estimate the amount of insurance coverage a transferee purchases for his/her belongings. IMPORTANT: The declared value for insurance purposes will not be used as the declared value for the shipment to clear customs.
The value of goods declared by the shipper for the purposes of determining charges of or establishing the limit of the carrier's liability for loss, damage, or delay. Valuation charges will be assessed to shippers who declare a value of goods higher than the value of the carrier's limits of liability. Back to the top
Shipper's stated value of entire shipment in terms of dollars, or the purpose of determining charges or establishing the limit of carrier's liability for loss, damage or delay.
The value of your shipment is based on the total weight of the shipment times (for example) $1.25 per pound. If the shipment weighs 5,000 pounds, the mover would be liable for a maximum of $6,250. Settlement is based on the depreciated value of the item. If movers charge $7 per $1,000 of assessed value for this coverage, you'll be charged $49.
Value the owner declare its goods to be for the purpose of insurance. This will form the basis of your insurance cover and it is important that it reflects the value of your belongings.
The amount in U.S. dollars for which a U.S.-origin domestic package or international shipment is protected against loss or damage. UPS automatically protects each domestic package and international shipment against loss or damage up to a value of US$100 (or the equivalent in local currency). Shippers may declare a value for amounts in excess of US$100 by showing a value in excess of $100 in the declared value field of the UPS source document, or the UPS shipping system used, and paying an additional charge. The applicability of this term, or the availability of the referenced service, may vary according to the country of origin and country of destination. For non-U.S.-origin shipment protection, please refer to the Terms and Conditions of the origin country.
Assumed value of shipment unless shipper declares higher value. Stating lower value on a shipment to get a lower rate.
Documents the total dollar value of the goods being shipped by the shipper. This is necessary when the rates applied to a shipment are based on the value of the goods.
The dollar value of the freight shipped as determined by the shipper.