How much is UPS insurance per $100?
How much is UPS insurance per $100? Parcel insurance with UPS costs $1.05 for each $100 of value that you are shipping.
UPS automatically covers most packages up to $100 for both a domestic and an international shipment. Additionally, UPS provides declared value coverage for an additional fee for packages that exceed this amount.
You Can Declare Up to $50,000 for UPS Shipments
While UPS automatically includes $100 of insurance for all labels, you can also pay extra to insure your shipment up to a much higher amount. In fact, UPS allows shippers to declare a value as high as $50,000 per shipment.
UPS is liable for loss or damage, at no extra cost, for up to $100.00 for each domestic package, international shipment, or pallet in a UPS Worldwide Express Freight® shipment, where there is no declared value.
It's called InsureShield for UPS® Packages. It's real package insurance protection for what you ship, including high-value, fragile, time-sensitive or perishable goods. We can design a shipping insurance policy for your UPS shipments only, or a policy to cover all your small packages if you use multiple carriers.
UPS provides all packages automatically with $100 worth of liability for loss or damage. A shipper can choose to declare a higher value for the shipment with an additional charge. With this in mind, UPS specifically states that UPS declared value is not insurance.
Your benefits come from the union. You'll get health, dental and vision. Great health insurance (medical, dental, vision), 401K matching contributions, annual raises and more.
Luckily, you can receive a full refund when a damaged shipment was delivered to you. However, UPS® has a five-step process to follow before a shipper can get the claim paid.
Generally, UPS will not reimburse a consumer if the package was delivered to a residence and then stolen. It will work with both the sender and the purchaser, as well as, law enforcement for a given claim. However, UPS will not issue a refund unless there's proof that it was responsible.
As we highlighted above, it is incredibly rare for UPS to actually lose your package (not just have your package delayed somewhere throughout their infrastructure, but actually lost or stolen) – but they do have a specific process you can follow to get resolve things ASAP.
What do I do if my UPS package is lost?
- Call 1 (800) 742-5877 – speak with customer service for a tracking update.
- Ask neighbors if they received the package.
- Wait 24 hours after the expected delivery date and time to file a claim.
- Start a claim with UPS here. . .
| Declared Value of Package | Cost |
|---|---|
| $0 - $100 | No Charge |
| $100.01 - $300 | $3.45 |
| Over $300 - Charge for each $100 | $1.15 per $100 Declared |
If the idea of damaged, loss, or theft of your orders at the hands of a courier makes you nervous, perhaps you should consider getting shipping insurance. Key Points: Shipping insurance is a policy a shipper can purchase to get reimbursed for shipments that are lost, stolen, or damaged in transit with a courier.
$50.01 to $100 is $2.05. $100.01 to $200 is $2.45. $200.01 to $300 is $4.60. The price per additional $100 of insurance, valued over $300 up to $5,000, is $4.60 plus $0.90 per each $100 or fraction thereof.
The sender or receiver of a missing UPS package can open a claim with the company for a full refund. The entire claim process with UPS takes an average of 10 days to be completed. You can report a missing UPS package and file a claim at the UPS claims site.
UPS provides maximum liability coverage for shipments up to $100 in value. This coverage is called "Declared Value." Items that are worth $100 or less can be claimed for up to that amount if they result in a lost, stolen, or damaged shipment.
$50.01 to $100 is $2.05. $100.01 to $200 is $2.45. $200.01 to $300 is $4.60. The price per additional $100 of insurance, valued over $300 up to $5,000, is $4.60 plus $0.90 per each $100 or fraction thereof.
One dollar per $100 is charged for declared values over $300. U.S. Express package service, U.S. Ground service, and International Ground services. The additional cost is $3 for shipments valued up to $300. After this amount, it's $1 per $100 of declared value over $300.
