What is declared value coverage and what does it cover?

Declared Value Coverage offers repair or reimbursement on items shipped if damage occurs during the transit process. Coverage is door-to-door. If you purchase declared value coverage and damage occurs during the transit process, depending upon the amount of damage, the item may be repaired or you may be reimbursed based on the value declared on the USAR. Proof of value is required. The liability covers the merchandise only and does not cover freight cost, packing costs, duty or taxes.