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What does the $0.60 per pound per item insurance mean?

April 26, 2017Insurance mean pound

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What does the $0.60 per pound per item insurance mean?

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This insurance is provided to you free of charge. This means all of your belongings are covered if lost, damaged, or stolen at $0.60 per pound. e.g. If you have a table that weighs 100 pounds and is damaged beyond repair, after submitting a claim you would reimbursed according to following formula: $0.60 x 100 lbs. = $60.