Valuation
Classic is dedicated to providing the safest possible handling for your goods while in our care. For your peace of mind, we offer a valuation program to protect you in the unlikely event of loss or damage to your goods. Valuation protects you by ensuring your items can be repaired or replaced. For your convenience, we offer two types of valuation for transit and storage shipments.
Our basic valuation of $0.60 per pound per item is included in our rates. It is adequate for a variety of items and may meet your needs without additional expense. Artwork, antiques and fine furnishings may require additional coverage to ensure repair or replacement. We offer full valuation at a nominal fee based on the actual value of the item. Full valuation eliminates any concerns about adequate coverage and ensures prompt and complete resolution of any loss you may experience. Selecting the correct valuation for your shipment is important because it establishes the limit of our liability for loss or damage to your goods. A declared value of less than 90% of actual value will result in pro-ration of any settlement.
Valuation covers loss or damage to your goods caused by Classic while in our care and control. Some goods and conditions are excluded from valuation coverage, such as: unknown or concealed goods (sealed containers), inherent vice (previous damage), and changes in atmospheric moisture (cracks in wood furniture). Valuation does not cover loss by third parties, acts of nature, terrorism, war and other causes outside the control of Classic.
As part of our dedication to customer satisfaction, we make every effort to ensure that client losses and inconvenience are minimized. However, valuation does not obligate Classic to pay for the replacement of an item when damage is restorable. We reserve the right to repair, replace or offer settlement at our discretion. Valuation covers only the decorative value of your goods. Valuation does not cover loss of value, loss of profit or inconvenience.
Additional information about valuation is provided in our terms of service, located on the back of our bill of lading. If you have any questions about valuation please contact your client services representative.
