Limits of Liability and Insurance

Here are a few questions that commonly arise around limits of liability and insurance.

Q: What is the extent of Elite Shelter Rock Arts Inc liability for loss or damage to Clients’ property?

A: Elite Shelter Rock Arts Inc liability is based on the agreement entered into between the Client and  Elite Shelter Rock Arts Inc whose terms control. In general, unless otherwise agreed by the Client and Elite Shelter Rock Arts Inc, Elite Shelter Rock Arts Inc liability is limited to $0.60 cents per pound as determined by the actual weight of the unwrapped property. This $0.60 cents per pound is in line with industry practice.

Q: Does Elite Shelter Rock Arts Inc offer Clients the ability to increase the amount of Elite Shelter Rock Arts Inc liability for loss or damage to Clients’ property beyond the $.060 cents per pound limitation?

A: Yes, Elite Shelter Rock Arts Inc offers a Declared Value program where Elite Shelter Rock Arts Inc liability for loss or damage to client’s property is based on the value declared by the customer and agreed to by Elite Shelter Rock Arts Inc.

Q: How does the Declared Value option program work?

A: Clients may declare the full value of works entrusted to Elite Shelter Rock Arts Inc and if accepted by Elite Shelter Rock Arts Inc, pay increased charges to receive the benefit of Elite Shelter Rock Arts Inc agreeing to increase its potential liability beyond the standard liability limit of $0.60 per pound up to the full value declared by the Clients for loss or damage to any declared works while under Elite Shelter Rock Arts Inc control.

Q: How do I sign-up for the Declared Value program?

A: The agreement to be entered into between the Client and Elite Shelter Rock Arts Inc gives all Clients two options for storage, handling and shipping: (1) Limited Liability storage up to $0.60 per pound or (2) Declared Value option up to the full value declared by the Client and agreed upon by Elite Shelter Rock Arts Inc. The client agreement requires each client to select either option, subject to Elite Shelter Rock Arts Inc agreement regarding Declared Value.

Q: Are there any exceptions to Elite Shelter Rock Arts Inc agreeing to accept liability for the value declared by the Client?

A: Yes. Elite Shelter Rock Arts Inc liability for Declared Value is based on the terms and conditions of the agreement between the Client and Elite Shelter Rock Arts Inc which controls. The agreement details a number of limitations or exceptions to Elite Shelter Rock Arts Inc liability. These limitations and exceptions should be carefully read and understood by the client.

Q: Does Elite Shelter Rock Arts Inc offer insurance?

A: No. Elite Shelter Rock Arts Inc does not offer insurance to its Clients. Elite Shelter Rock Arts Inc offers Limited Liability and Declared Value programs which provide its Clients with a choice regarding the potential extent of Elite Shelter Rock Arts Inc liability at different price points for its services.