Glossary
Full Value Protection (FVP)
Upgraded moving insurance where the carrier repairs, replaces, or pays declared value for damaged items.
FVP replaces Carmack's $0.60/lb default with declared-value coverage. The customer declares a total shipment value (typically $6/lb minimum). Premium runs ~1–2% of declared value. Carriers can offer deductibles ($0–$500) to lower premium.