Shipping "Insurance"


Wednesday, July 2nd 2008, 6:43 pm
By: News 9


If you're sending anything that's breakable, I would definitely insure it.  Some companies don't call it "insurance".  They call it making a "declared value".  If it's over 100 dollars, you'll pay extra.

Something important to note:  Do not "insure" the package for more than it's worth.  You are only covered for the actual value.  So if you pay more by saying the package is worth 1 thousand dollars, then you're just wasting your money, because you won't get any more in the end.

If you want extra coverage, I've included what it will cost you for UPS, USPS, and FedEx:

UPS:
http://www.ups.com/content/us/en/shipping/time/service/value_added/declared_value.html

USPS:
http://www.usps.com/insurance/welcome.htm

FedEx:
If a customer wants to declare value over $100, the charge for FedEx Express services is $0.60 per $100 of value for shipments valued in excess of $100 ($1.80 minimum).
Declared Value and Limits of Liability (Not Insurance Coverage)
A. The declared value of any package represents our maximum liability in connection
with a shipment of that package, including, but not limited to, any loss, damage, delay,
misdelivery, nondelivery, misinformation, any failure to provide information, or misdelivery
of information relating to the shipment. It is the shipper's responsibility to prove actual
damages. Exposure to and risk of any loss in excess of the declared value is assumed by
the shipper. You may transfer this risk to an insurance carrier of your choice through the
purchase of an insurance policy. Contact an insurance agent or broker if you desire insurance
coverage. WE DO NOT PROVIDE INSURANCE COVERAGE OF ANY KIND.
B. With respect to U.S. express package services, unless a higher value is declared and
paid for, our liability for each package is limited to US$100. For each package exceeding
US$100 in declared value, an additional amount will be charged. See Rates in the FedEx
Service Guide for details.
C. With respect to FedEx Express Freight services, unless a higher value is declared
and paid for, our liability for each piece (single handling unit) is limited to US$100 or
US$1 per pound, whichever is greater. When the declared value exceeds the greater
of US$100 or US$1 per pound per shipment, an additional amount will be charged for
each US$100 (or fraction thereof) of additional declared value. See Rates in the FedEx
Service Guide for details.
D. Except as limited below, the maximum declared value per package in any FedEx First
Overnight, FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day or FedEx
Express Saver shipment is US$50,000. The maximum declared value per shipment for
FedEx SameDay is US$2,000.
E. Except as limited below, the maximum declared value per piece (single handling
unit) in any FedEx 1Day Freight, FedEx 2Day Freight or FedEx 3Day Freight shipment is
US$50,000.
F. Shipments (packages or freight) containing all or part of the following items are
limited to a maximum declared value of US$500:
1. Artwork, including any work created or developed by the application of skill,
taste or creative talent for sale, display or collection. This includes, but is not
limited to, items (and their parts) such as paintings, drawings, vases, tapestries,
limited-edition prints, fine art, statuary, sculpture and collector's items.
2. Film, photographic images (including photographic negatives), photographic
chromes and photographic slides.
3. Any commodity that by its inherent nature is particularly susceptible to damage
or the market value of which is particularly variable or difficult to ascertain.
4. Antiques, or any commodity that exhibits the style or fashion of a past era and
whose history, age or rarity contributes to its value. These items include, but
are not limited to, furniture, tableware and glassware.
5. Glassware, including, but not limited to, signs, mirrors, ceramics, porcelains,
china, crystal, glass, framed glass, and any other commodity with similarly
fragile qualities.
6. Plasma screens.
7. Jewelry, including, but not limited to, costume jewelry, watches and their parts,
mount gems or stones (precious or semiprecious), industrial diamonds, and
jewelry made of precious metal.
8. Furs, including, but not limited to, fur clothing, fur-trimmed clothing and fur pelts.
9. Precious metals, including, but not limited to, gold and silver bullion or dust,
precipitates, or platinum (except as an integral part of electronic machinery).
10. Stocks, bonds, cash letters or cash equivalents, including, but not limited to, food
stamps, postage stamps (not collectible), traveler's checks, lottery tickets, money
orders, gift cards and gift certificates, prepaid calling cards (excluding those that
require a code for activation), bond coupons, and bearer bonds.
11. Ostrich and emu eggs.
12. Collector's items such as sports cards, souvenirs and memorabilia. (Collector's
coins and stamps may not be shipped. See the Prohibited Items section.)
13. Guitars and other musical instruments that are more than 20 years old, and
customized or personalized musical instruments.
G. The maximum declared value for the contents of any FedEx Envelope or FedEx Pak
is US$500. Goods with a value (actual or declared) exceeding US$500 should not be
shipped in a FedEx Envelope or FedEx Pak. (This limitation does not apply to items
shipped utilizing the FedEx Large or Small Clinical Pak.)
H. When the shipper sends more than one package on an airbill, the total declared
value for all the packages moving on the airbill must be written in the appropriate section
of the airbill. Our liability will be limited to the total declared value (not to exceed
the per-package limit of US$500 or US$50,000 or the per-shipment limit of US$2,000,
as described in this section). The declared value for each package will be determined
by dividing the total declared value by the number of packages on the airbill unless you
provide verifiable evidence supporting a different allocation.
I. If a multiple-piece shipment is tendered to FedEx skidded and shrinkwrapped as one
single handling unit, the maximum declared value for that single unit is US$50,000 and
not US$50,000 per package contained within that multiple-piece shipment.
J. The maximum declared value we offer for shipments tendered to FedEx using FedEx
Stamps purchased from anyone other than FedEx is US$100.
K. The maximum declared value for FedEx Print Return Label and FedEx E-Mail Return
Label shipments is US$1,000 for FedEx First Overnight, FedEx Priority Overnight, FedEx
Standard Overnight and FedEx 2Day, and US$50,000 for FedEx 2Day Freight and FedEx
3Day Freight. The maximum declared value for FedEx ExpressTag shipments is US$50,000.
We are not liable for any damage to a shipment or any claim arising out of the use of a
return option unless the shipment was lost during delivery or there was visible damage
noted by the FedEx courier at the time of delivery. We are not liable for any concealed
damage to items returned using FedEx Print Return Label, FedEx E-Mail Return Label,
FedEx ExpressTag or FedEx Stamps. Receipt of the shipment by the recipient without
notice of damage on delivery is prima facie evidence that the shipment was delivered
in good condition. Our liability for any loss or damage will not exceed the actual amount
of the damage or the declared-value amount, whichever is lower. All other terms and
conditions related to FedEx Express claims regulations apply for shipments sent via a
FedEx return option.
L. ANY EFFORT TO DECLARE A VALUE IN EXCESS OF THE MAXIMUMS ALLOWED IN
THE FEDEX SERVICE GUIDE IS NULL AND VOID. OUR ACCEPTANCE FOR CARRIAGE OF
ANY SHIPMENT BEARING A DECLARED VALUE IN EXCESS OF THE ALLOWED MAXIMUMS
DOES NOT CONSTITUTE A WAIVER OF ANY PROVISION OF THE FEDEX SERVICE
GUIDE AS TO SUCH SHIPMENT.
M. REGARDLESS OF THE DECLARED VALUE OF A PACKAGE, OUR LIABILITY FOR LOSS,
DAMAGE, DELAY, MISDELIVERY, NONDELIVERY, MISINFORMATION, ANY FAILURE TO
PROVIDE INFORMATION, OR MISDELIVERY OF INFORMATION, WILL NOT EXCEED A
SHIPMENT'S REPAIR COST, ITS DEPRECIATED VALUE OR ITS REPLACEMENT COST,
WHICHEVER IS LESS.
N. The shipper is responsible for accurately completing the airbill or other shipping
documents, including completion of the declared-value section. We cannot honor
requests to change the declared-value information on the airbill.
O. See the Liabilities Not Assumed section for other limitations and exclusions on
our liability.
P. Additional restrictions may apply to a shipment if sent pursuant to an airline
interline agreement.