Declared value and limits of liability
(Not Insurance Coverage)
Exposure to and risk of any loss in excess of the maximum liability as outlined in Item 420 is either assumed by the Shipper or transferred by the Shipper to an insurance carrier through the purchase of an insurance policy. The Shipper should contact an insurance agent or broker if insurance coverage is desired.
Carrier does not provide insurance coverage of any kind.
Any effort to declare a value in excess of the maximums or restrictions allowed in the FedEx rules tariff is null and void. Our acceptance for carriage of any shipment bearing a declared value in excess of the allowed maximums does not constitute a waiver of any provision of the Fedex series rules tariff as to such shipment.
Regardless of the declared value of a shipment, our liability for loss, damage, delay, misdelivery, nondelivery, misinformation, any failure to provide information, or misdelivery of information, will not exceed its repair cost, its depreciated value or its replacement cost, whichever is less.
See Liabilities Not Assumed section for other limitations and exclusions on our liability.