But if the destination is a rural area or an underdeveloped country, the safety of packages will somehow be compromised. Destination country/Area- When the destination is a highly developed area or a developed country, you can expect a safe delivery of packages.Let’s see some factors that can help you decide if you should buy insurance for the particular shipment or not. Also, the ‘type of product’ can be decisive in this case. In case of international shipping, the risk of damage and loss of packages is significantly higher when compared to domestic shipping. Insurance becomes somewhat necessary in some situations. Factors to Consider Before You Buy Insurance so that you don’t spend extra and maintain a wonderful seller-customer relationship. In this case, it is smart to use the insurance facility here. So if a package is damaged during shipping, you will happily spend on refunds, replacements, and shipping again. A safe and sound delivery paves ways for future sales, great reviews, and ratings and a good reputation. So if you are shipping high valued products or a specific product type, go for insurance.Īlso, when you sell online, it is important that the package reaches safely to your customers. Thus, buying an insurance will give you a peace of mind and if there is a damage, loss or theft, you get a financial reimbursement. In spite of choosing the best carriers for these items, you can never be 100% sure of a safe delivery. These products are costly and need special care while shipping. But the real question is if you should go for paid insurance? Is shipping insurance worth it? I would say yes, insurance is worth buying for your high-value packages.Ĭonsider the case of products like electronics, artworks, and other valuable items. Is Shipping Insurance Worth It?Īs we saw, insurance is free up to a limit, so it is great for products with declared valued at less than $100. And almost all carriers don’t provide insurance facilities when you send packages to war-hit countries like Afghanistan, Iraq, Syria and few countries in Africa. FedEx does not use the term insurance but ‘liability’ for the declared value of the package. For instance, USPS does not provide insurance for monetary bills & precious stones and packages worth more than $5000. Shipping Insurance comes with some restrictions too and not all packages are covered by these services providers. provides insurance at a discounted rate while EasyPost charges a fixed 1% of the declared value. Beyond this limit, insurance is charged based on the declared value of the package. It is free up to a certain limit (usually $100), which means packages worth up to that limit are financially reimbursed (subject to claims). Logistics services like USPS, FedEx, UPS, and DHL provides insurance to its direct customers up to the declared value of packages. The service is sold by shipping carriers, insurance companies and other third-party service providers like and EasyPost. Shipping insurance is a service that reimburses senders for the products lost, damaged or stolen during the transits.
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