Ill. Admin. Code tit. 92 § 1457.150

Current through Register Vol. 48, No. 50, December 13, 2024

Section 1457.150 - Shipper Valuation Coverage

a) A household goods carrier's liability for loss or damage in the absence of a shipper's release, except as provided in subsection (b) is limited to the greater of:

1) Two dollars per pound per shipment times the weight of the shipment in pounds; or

2) The lump sum value declared in writing by the shipper.

b) The shipper, by his or her own handwriting, may agree to have a shipment valued for loss or damage purposes at 30 cents per pound per article. To release the shipment at 30 cents per pound per article, the shipper must insert the words "30 cents per pound per article" and his or her signature on the bill of lading.

Ill. Admin. Code tit. 92, § 1457.150

Amended at 31 Ill. Reg. 3156, effective March 1, 2007