All van lines are required to provide customers with "Carriers basic liability". This coverage is included in the basic transportation cost, so no additional charge is assessed to the customer. Basic liability limits the amount of liability for a claim filed by a customer who does not pay for an additional premium for transit protection. The customers coverage is limited to $.60/lb per article. No consideration is given to the articles value.
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For an additional premium J & M American can offer you peace of mind with Full Replacement Value protection coverage. J & M American will pay in full to repair or replace any item lost or damaged in transit. If an item cannot be repaired it will be replaced with a comparable item at todays' price. Full Replacement Value is available with either a zero $250 or $500 deductible. By assuming a portion of the risk through a deductible you can reduce the premium for this important coverage.
| Coverage |
Premium |
Premium |
Premium |
| Valuation |
$0 Decuctable |
$250 Deductable |
$500 Deductable |
| $5000 |
$95 |
$67 |
$56 |
| $10,000 |
$143 |
$103 |
$83 |
| $15,000 |
$174 |
$126 |
$103 |
| $20,000 |
$202 |
$149 |
$121 |
| $25,000 |
$241 |
$178 |
$144 |
| $30,000 |
$288 |
$210 |
$169 |
| $35,000 |
$333 |
$244 |
$197 |
| $40,000 |
$377 |
$276 |
$221 |
| $50,000 |
$425 |
$314 |
$256 |
| $60,000 |
$490 |
$360 |
$297 |
| $75,000 |
$565 |
$426 |
$356 |
| $100,000 |
$697 |
$549 |
$450 |
Many customers believe there homeowners' or employers insurance will cover transit damage. The fact is most don't. If you are considering choosing minimum protection of $ .60/lb please make sure you have received a statement from your insurance company in writing.
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