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As online shopping becomes a habit, more people tend to purchase things online, so shipping is unavoidable throughout the process. Commonly, packages may get lost or damaged through transit. In this case, insurance for shipping will be a good option if your package is worth a lot.
Shipping insurance can protect your packages against loss or damage in transit. If the package does not reach the final destination safely, the shipper is able to get the declared value and shipping cost back through the insurance.
Carrier Insurance means the insurance provided by shipping carriers. However, some carriers do not prefer the name “shipping insurance;” they prefer to call it “shipping liability” or “declared value” instead.
UPS shipping services will automatically cover a value of $100 per shipment. FedEx shipping services will also cover up to $100 liability except for FedEx Ground Economy. USPS Priority Mail and Ground Advantage will cover $100 insurance as well.
To be reimbursed when the package gets lost or damaged, the shipper must provide proper evidence to prove that the damage to a package occurred during transit.
If the declared value of the package exceeds $100, carriers will charge you a small portion of the fees. The price is below:
USPS Shipping Insurance:
UPS Shipping Insurance/ Liability (p.121):
FedEx Shipping Insurance/ Liability (p.129):
Unlike carrier shipping insurance, third-party insurance will pay no matter what caused the package damage or loss. The payment will include the total amount of the shipment and the shipping costs.
There are various third-party shipping insurance in the market. Shipsurance is a popular choice among shippers.
Shipsurance provides discounted shipping insurance and has successfully integrated into the ShipSaving system. The ShipSaving Shipsurance’s price is below:
The insured shipping has its value. The importance of insurance for shipping depends on the value of your package. If the package is worth less than $100, there is no need to purchase insurance. If the package is worth more than $100, and you ship parcels frequently, the shipping insurance can play a vital role.
Especially for e-commerce sellers, if items you sell are pricy, considering purchasing shipping insurance is a wise strategy. Therefore, the value of shipping insurance is determined by the frequency of shipments and the value of the package.
Purchasing shipping insurance is simple. The first thing is to register a ShipSaving account.
When you log into your ShipSaving account, please click “Buy a Label.”
After you fill out basic information about the shipper, the recipient, and the package, you may find “Insurance” in the “Shipping Options” section. You can choose between a carrier or a ShipSurance option. Enter the amount of your package value. Then you will be all set.
Shipping insurance is cost-effective for people who want to ship expensive items. Shipping with insurance makes your ship easy. Purchasing shipping insurance is an easy process if you have a ShipSaving account. Register a ShipSaving account today!
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