Declared Value - Declaring value to a carrier is not the same as providing insurance protection for merchandise in transit. If there is a claim against a carrier, the shipper has to prove the merchandise was damaged and prove the carrier caused the damage. This makes recovering losses very difficult.
What this Means - If merchandise is damaged in transit and the carrier did not cause the damage, the shipper would not be able to recover the loss. “All Risks” insurance provides protection without having to prove carrier liability.