Section 45IAC16-3-45. Carrier's liability under written binding estimate

   (a) The carrier's liability when performing a transportation movement under a written binding estimate must be explicitly stated in the written binding estimate. The carrier may accept a shipment for transportation under one of the following three (3) options:

Option One─Every shipment will automatically be accepted at a value of $5,000. The shipper must indicate acceptance or rejection of the $5,000 by signing or initialing the written binding estimate.

Option Two─The shipper may indicate in his/her handwriting on the written binding estimate, a value above or below the $5,000 dollar figure specified in Option One above. The shipper must sign or initial the valuation figure.

Option Three─If the shipper rejects the $5,000 dollar valuation, and specifies zero valuation, shipment will be accepted at a value of $.60, per pound, for each article in the shipment that is either lost or damaged.

  (b) In the case of Options One and Two above, the following provisions apply:

(1) Charges for the valuation, if any, must be specified on written binding estimate.

(2) Shipper must indicate the actual value of the entire shipment.

(3) If the actual value of the entire shipment exceeds that specified as the value in Options One and Two above, the shipper must be advised that co-insurance applies.

(4) The carrier shall sell or procure an insurance policy covering the loss or damage to a shipment of household goods. Provided, however, that the shipper is issued a policy or other appropriate evidence of insurance purchased and a copy thereof is furnished to the shipper prior to the time of the shipment. Failure to issue a policy or other evidence of insurance will subject a carrier to full liability for any loss or damage to articles caused by the carrier.

(Department of State Revenue; 170 IAC 2-3-45; filed Jan 27, 1986, 3:48 pm: 9 IR 1291; errata, 9 IR 1379) NOTE: Transferred from the Indiana Utility Regulatory Commission (170 IAC 2-3-45) to the Department of State Revenue (45 IAC 16-3-45) by P.L.72-1988, SECTION 12, effective July 1, 1988.