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Declared value
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MovingGlossaryTerm: Declared value
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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.
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