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Shipping Insurance

When a product leaves your business and is loaded onto a mail truck, what happens next is out of your hands—but in many cases, customers still hold you liable for ensuring that their package arrives safely.

Fortunately, shipping insurance is available to fill this coverage gap and protect you when something goes wrong.

What's Covered

This form of insurance will reimburse you if a package is stolen, lost, or damaged on the way to its destination. For anyone looking to send a package, the two major considerations are as follows:

  • Is it already protected? Many packages are already insured by shipping companies—often automatically. However, coverage is not universal and depends both on who carries the package and what type of mail it is. In particular, shippers should familiarize themselves with the regulations of the USPS, whether or not they plan to use it—both FedEx and UPS frequently utilize the Last Mile service, and knowing who is responsible for the package helps ensure that it's fully covered at all times.
  • How much is it worth? Most forms of shipping insurance have a relatively low cap on what they'll pay out (typically several thousand dollars, sometimes as low as one hundred). If you're sending items worth more than the cap, you may still suffer a loss if something happens to the package, and will want to purchase additional coverage. If you do not properly declare the value of the package when it's being sent, you'll be liable for any losses beyond the standard limit.

Domestic Shipping Insurance

Domestic coverage for shipping is often available for as low as a few dollars per-parcel. If you're planning to ship anything that goes above and beyond the protection that carriers normally provide, talk to a Priority-One Insurance Services, Inc agents about how many packages you'll be shipping, and they'll work with you to find a rate that matches what you're doing.

International Shipping Insurance

Shipments being mailed internationally are often more expensive to insure, especially if they'll be passing through the hands of a local carrier with a poor reputation. Since fees can vary so widely, based on a combination of factors, it's usually best to get a quote well before you send the package. Tools like the USPS International Price Calculator can be used to get a quick estimate of postage and basic insurance coverage for any given package.

 

1. "Last Mile Service." Accessed April 14, 2016. http://www.usps.com/lastmile/.

2. "International Price Calculator." Accessed April 14, 2016. https://ircalc.usps.com/.

Our Location

Priority-One Insurance Services, Inc

98 Beal Pkwy NW
Fort Walton Beach, FL 32548
Main office: 850-244-1066

Our Providers

Testimonials

Thank you for your help on my auto insurance here in TN. We moved from FL to TN and Priority was able to give us a quote. Everything was done through email very quickly and so easy! I even saved some money with Progressive over Allstate. Great HONEST people to work with.
Jamie H.
We really appreciate the time it took to go over our policies, and to add our boat and car was great. I really like having all my insurance at one location. Great folks, thank you again.
Brian G.
Super customer service. They were recommended to me by a friend and I am thankful. Now I have all my insurance in one place, finally. Thanks.
Allison J.