We have updated the rating and booking experience for FedEx Freight shipments. You can now calculate and purchase Excess Liability Coverage directly within LTL Select, giving you instant visibility into the cost of protecting your high value freight.
Important Note
This integrated feature is currently available exclusively for FedEx Freight. For all other carriers, declared value and excess liability costs are not calculated in LTL Select. You must continue to arrange coverage directly with those carriers outside of our platform.
What is the difference?
Declared Value: This represents the monetary worth of your shipment and sets the carrier's maximum liability limit in case of loss or damage.
Excess Liability Coverage: This is additional protection you can purchase. It covers the gap between the carrier's standard liability limit and the actual value of your goods.
How to Use This Feature
1. Enter the Condition of Goods and Total Value
When quoting a shipment, in Step 6, locate the Excess Liability Coverage (Optional) section in the Book Shipment form.
Enter the Condition of Goods and Total Value for Excess Liability.
2. Add Coverage
If your entered value qualifies for excess coverage, a popup window will appear showing you the exact cost for the additional protection.
Click Add Excess Liability to accept the charge and apply it to your quote.
Click Cancel if you prefer to ship without the extra coverage.
3. Review and Book
Once added, proceed to the Review and Book page. You will see the Excess Liability Fee listed as a line item in your quote breakdown. The total cost will update automatically to include this fee.
4. Removing Coverage
You can remove the coverage directly from the Review and Book page before finalizing the shipment.
Locate the Excess Liability Fee line item.
Click the red REMOVE text next to the price.
The fee will be deducted from your total immediately.
Frequently Asked Questions
Q: Can I use this for carriers other than FedEx? No. At this time, real time calculation and booking of Excess Liability is only supported for FedEx. For other carriers, please contact the carrier directly to arrange insurance.
Q: Is "Declared Value" the same as insurance? No. Declared value only limits the carrier's liability. Excess Liability Coverage is the optional protection you purchase to cover values higher than the standard limits.
Q: What happens if I click "Remove"? The Excess Liability fee will be taken off your quote, and your shipment will be booked with standard carrier liability limits only.