Your local & long distance moves are automatically covered under the basic coverage at 60 cents per pound, per article. There is no charge for this coverage. Liability is limited for all items indicated as damaged or missing at time of delivery. For an additional fee, you can elect extra coverage. The extra coverage will provide repair, replacement, or reimbursement in the event of damage or loss. There is a $500 deductible for this extra coverage. The cost of the extra coverage will be 2.5% of the declared value of your item or shipment, with a minimum declared value of $5,000.