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Everything You Should Know About Shipping Insurance

January 22, 2019 Courier

Mailing packages involves several different levels of assurance. It doesn’t matter if they’re for customers or family members, as the sender, you want to feel confident they’re safe and getting to the right person.

Shipping insurance can protect packages in the event they get lost en route to their destination. But, how do you know which type of insurance to get?

Is there a one-size-fits-all option? Or, should you buy more in order to protect the item getting mailed?

Let us help you make sense of it all. Learn more about how you can choose the right insurance and ship your packages with confidence. 

Consider What Happens if You Go Without Insurance

Going without shipping insurance might sound tempting, but it can lead to a variety of problems. If you run a business and send packages to customers, you don’t want to take a chance that something gets lost.

If you run a business such as an Etsy store, and you send out a variety of packages per week with your handmade items, this could lead to disaster. Consider what would happen if you had to remake an item or refund a customer. 

The bottom line means you’ll lose out on money, have dissatisfied customers, and possibly even get bad reviews. Are you willing to put your business through this?

Maybe you’ve debated getting insurance through your carriers, such as USPS or FedEx. Learn more why that’s not always the best choice and how you can find a better option offering you more control.

How Your Typical Carrier Can Shortchange You

Many people choose to get shipping insurance through their carrier. This is whoever they’re mailing the package with.

Carrier options include:

  • USPS
  • UPS
  • FedEx
  • DHL

When you’re mailing the package, you’re normally asked if you’d like insurance. This isn’t the only way to get the coverage you need, though.

Selecting a carrier who offers insurance and a variety of shipping options can provide better results. Some of the benefits included in a private shipping service include refrigerated shipping, air friend, and on-demand shipping. 

Shipping options with private carriers include insurance that allows you to track your shipment. This gives you peace of mind that your items are arriving at their destination in a timely manner.

If something goes wrong, you can begin the claims process online, too. Going online saves you the trip of heading to a shipping company’s office, simplifying both life and business for you. 

The Benefits of Purchasing Shipping Insurance Through Another Party

Are you ready to make a change from your normal shipping company and find one that can cater to all your needs? If you are, there’s a variety of benefits that come with it.

Saving Money on All Shipments

A private courier company typically offers cheaper insurance than the main carriers on the market. In many cases, USPS and FedEx will charge at least $2.40 or more depending on the value of the item.

In contrast, when you get insurance from a private shipping company, you can pay as little as 55 cents. 

The more expensive the item, the more you’ll need to pay, but in the end, the costs are still less than half that of traditional shipping companies.

Consider using this option, especially if you ship in bulk or manage a business that involves mailing items.

Getting the Coverage You Need

Managing your shipped items doesn’t have to seem complicated with several different levels of shipping. Many companies insure an item that is up to a certain dollar amount, sometimes as much as $5,000.

If you mail your package through USPS or another common shipper, insurance amounts sometimes go up to $100, but vary if you need more.

You can save time and prevent frustration by choosing an independent shipping company that offers a high insurance level along with your shipped parcel. If you want to rest assured that your packages are getting shipped quickly and is protected throughout the process, this can provide a fail-proof option. 

Handling a Missing Package

A missing package is every company’s worst fear. Mistakes do happen, and it’s better to be prepared in case an incident occurs. 

When dealing with a missing package through a private shipping company such as Lexington Logistics, you can feel confident that filing a claim for your package is easy to manage.  

If you lose a package with USPS, you’ll need to fill out forms, wait in line, and trace a carrier who was in charge of your package. The process could take weeks to get a resolution on.

When you’re running a business and trying to keep your customer’s satisfied, this can make it more difficult than necessary. It creates a bad experience for your customers., and can discourage them from returning to you.

In contrast, you’ll have a point of contact and the ability to trace packages online with a private shipping service. You can file your forms online and never set a foot in a shipping center or wait in line. 

Learn More Today

If you’re ready for peace of mind and want to rest assured that your packages are in good hands, it’s time to explore the alternatives. Imagine having packages that are easy to trace, with shipping insurance that can cover one lump sum, rather than several different tiers.

This can help you get your packages mailed in a quick and timely manner, with little fuss for you and the person on the other end. 

If you’re ready to switch to a carrier who cares, we’re here to help. Contact us and see how you can set up an account.