You
may declare a total value for your shipment at an additional premium.
Usually there are Actual Value and Replacement Value policies available.
The rates and conditions may vary with each mover. You can declare
this value on the "Order for Service" form that the mover gives you after
you book the job with them.
You
may purchase your own cargo insurance through your insurance broker.
It is suggested that the rate for the insurance be compared with those
of the mover. Insurance obtained from your broker will be at your
expense.
Some
movers use what is called a full value bill of lading. Under the
terms of this type of bill of lading, the shipper may declare a value on
the entire shipment which must be a value equal to or greater than $1.25
times the estimated or actual weight. Unless the shipper declares
a value in writing, the shipment will be insured for a value of $1.25 x
the weight automatically. There is a charge to the shipper for the
mover assuming this liability. If the shipper does not wish to declare
a value, the shipper must write $.60 per pound in his own handwriting on
the bill of lading.