![]() ![]() While FedEx provides a basic level of coverage, it may not be sufficient for every situation. When Should You Use FedEx Insurance?ĭeciding when to use FedEx insurance ultimately depends on the value and importance of the items you're shipping. An example is when your shipment contains artwork, photographic images, antiques, jewelry, or collector’s items. However, exceptions exist where the maximum declared value is limited to $1,000, depending on the content. These shipping options include FedEx First Overnight, FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day, FedEx 2Day A.M., and FedEx Express Saver. The maximum declared value per package for other shipping options is $50,000. For instance, if you opt for FedEx SameDay shipping, where the maximum declared value is $2,000, you will pay $3.50 if your shipment is valued between $100.01 and $350.You’ll pay an extra $1.25 per $100 in additional declared value for shipments over $300. However, if you're shipping something more valuable, you can purchase additional coverage to protect against potential losses. That means if anything happens to your package and its value is $100 or less, you're covered without spending a dime. FedEx provides a basic level of coverage for free, for items valued up to $100. The price you pay for FedEx insurance depends on the specific service you choose and the value of the items you're shipping. ![]() This type of insurance will cover losses beyond FedEx’s control and expedite replacement goods. If you want, you can also purchase package insurance from an insurance broker to enjoy more peace of mind with door-to-door protection. If you incur any loss above the declared amount, you will have to assume it. The declared value is the maximum amount you specify for your shipment, equivalent to the total amount it would cost to repair or replace the items you’re shipping. In case of damage, loss, or misdelivery, FedEx will investigate the claim and provide compensation based on the declared value of the package. Instead, it offers declared value coverage, representing the carrier’s maximum liability for your shipment. Note that although we’re referring to this coverage as FedEx insurance, the carrier clearly states that it does not provide insurance coverage for your package. It acts as a safety net, providing financial protection for the value of your goods in the event of these unfortunate events. What is FedEx Insurance?įedEx insurance is a service provided by FedEx that covers you against loss or damage during transit. In this guide, we'll walk you through everything you need to know about protecting your valuable items with FedEx shipping insurance. That's where FedEx insurance can give you peace of mind. Accidents happen, and the last thing you want is to be left high and dry if your package gets lost or damaged in transit. The excitement is palpable as you prepare to ship your item to its new owner.īut now comes the most stressful part, where you cross your fingers and hope that your precious cargo makes it to its destination unscathed. Congratulations! You've successfully sold that vintage comic book, dust-covered PS4, or pre-loved designer bag on your favorite online marketplace. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |