Back to eBay Delivery

Claims over-declaration and under-declaration

When you over-declare the item value (when the insured value is higher than the real value of the item) the insurance company will not compensate you for the full value.

In case of under-declaring the item value (when the real value of the goods is higher than the insured value), the insurance company will payout a % of the insured value, as in the example below:

 

Examples:

​Claims over-declaration
The insured value is higher than the real value of the goods.

Insured value: 500 €
Goods real value: 150 €
Compensation value: 150 €
Claims under-declaration
The insured value is lower than the real value of the goods.

Insured value:100 €
Goods real value: 162.27 €
% applicable to the insured value: 61,47 % (Insure value /Goods real value)
Compensation value: 61,47 € (Insured value * % applicable)
Was this article helpful?
0 out of 4 found this helpful

If you need help please complete the online form

Contact us