The new terms take effect on November 16, 2024, superseding the prior endorsement from October 31, 2024.
Key Changes
$100 Deductible: A deductible of $100 applies to each approved claim. For example, a $500 claim will result in a $400 payout after the deductible.
Rate Adjustment: Insurance is now applied at a rate of $0.13 per each $100 of insured value, simplifying the previous rate structure.
Coverage Change: The previous $7,500 shipment limit with a $4.00 premium has been replaced by the new rate structure.
Additional Information
Claim Process: The submission process remains the same. A minimum claim value of $100 applies. Real-time notifications will inform you when your claim meets this minimum threshold.