Yes, but how much protection you have and its cost to you depends upon the "valuation" program you choose, either Released Rate Liability or Full-Value Coverage. The valuation option you select determines the basis upon which any claim will be adjusted and establishes the maximum liability. The liability for loss or damage is based upon federal laws and regulations, and has certain limitations and exclusions. Valuation is not insurance. If you desire insurance, you should consult your insurance company representative about available insurance coverages.
Option 1: Released Rate Liability - Basic Coverage
With this type of valuation, New Era's maximum liability for loss or damage to any article in the shipment is 60 cents multiplied by the weight of the article. This is the basic liability level and is provided at no charge.
Option 2: Full-Value Coverage
An additional charge applies for this option. Under this protection plan, if any article is lost, destroyed or damaged while under New Era's care, we will either 1) repair the article to the extent necessary to restore it to the same condition as when it was received by New Era, or pay you for the cost of such repairs; or 2) replace the article with an article of like kind and quality, or pay you for the cost of such replacement. New Era will determine the appropriate settlement method to be used, and our total liability for loss or damage will be equal to the amount you declare as the value of your shipment. However, the minimum total declared value must be at least equal to the weight of your shipment multiplied by $5.00.
Full-Value Coverage and deductible options are available in dollar increments to fit your needs, at very attractive rates, as follows: Option A --No deductible; Option B -- $250.00 deductible; and Option C -- $500 deductible.