Am I protected against loss or damage while my goods are in transit?
Yes, but how much protection you have and its cost to you depend upon the “valuation” program you choose. The valuation option you select determines the basis upon which any claim will be adjusted and establishes the maximum liability of PBP ACMS. The liability of North American for loss or damage is based upon North American’s tariffs, as well as federal laws and regulations, and has certain limitations and exclusions. Valuation is not insurance; it is simply a tariff-based level of motor carrier liability. If you desire insurance, you should consult your insurance company representative about available insurance coverages.
For a full description of the Full-Value Coverage and Released Rate Liability programs, please ask your PBP ACMS Sales Representative!