Everything You Need to Know About FedEx Package Insurance

Shipping items through FedEx is a convenient way to send and receive packages. However, items can be lost, damaged or stolen during transit, which is why it’s important to have package insurance. FedEx package insurance is an added protection that ensures your package arrives in the same condition it was sent. In this article, we’ll explain everything you need to know about FedEx package insurance.

What is FedEx Package Insurance?

FedEx package insurance is an additional service offered by FedEx to protect your package in case of loss or damage during transit. Essentially, it’s a type of insurance policy that covers the value of your package and its contents while it’s in the care of FedEx.

The amount of coverage and insurance rates depend on the value, weight and destination of your package. FedEx provides coverage up to $100 for all packages, but if your package is worth more than $100, you have the option of purchasing additional insurance.

How Does FedEx Package Insurance Work?

To purchase FedEx package insurance, you must declare the value of your package and pay an additional fee. This added fee is based on the declared value of your package and its destination. Once you purchase additional insurance, FedEx assumes the risk of the package until it’s delivered.

If your package is lost, damaged or stolen, you can file a claim with FedEx for the value of the contents of your package. FedEx will investigate the claim and either provide compensation or reject the claim depending on the findings of the investigation.

Table 1: FedEx Package Insurance Rates

What Packages are Eligible for FedEx Package Insurance?

Most packages sent through FedEx are eligible for package insurance. However, some items are not covered by FedEx package insurance, such as cash, tickets, coins, jewelry, and hazardous materials.

Additionally, some packages are automatically insured by FedEx. These include dangerous goods, high-value items, and perishable items. If your package falls into one of these categories, it’s important to confirm with FedEx what insurance coverage your package already has.

How to Purchase FedEx Package Insurance

To purchase insurance for your package, you must first declare the value of your package during the shipping process. You can do this either online, through the FedEx website, or in-person at a FedEx location.

After you declare the value of your package, the rate for additional insurance will be calculated and added to your shipping cost. Once you’ve paid the fee, you’re covered for the declared value of your package.

FAQs

What is the maximum amount of coverage I can get for my package?

The maximum amount of coverage you can get for your package is $50,000.

What if I don’t declare the value of my package?

If you don’t declare the value of your package, it will only be covered up to $100 in case of loss or damage.

What if my package is damaged during transit?

If your package is damaged during transit, you can file a claim with FedEx. You’ll need to provide evidence of the damage and the value of the contents of the package.

What if my package is lost during transit?

If your package is lost during transit, you can file a claim with FedEx. You’ll need to provide evidence that the package was shipped and the value of the contents of the package.

Can I purchase insurance for international shipments?

Yes, FedEx package insurance is available for international shipments.

Conclusion

FedEx package insurance provides peace of mind when shipping items through FedEx. By declaring the value of your package and purchasing additional insurance, you can protect your package in case of loss or damage during transit. It’s important to ensure that your package is eligible for insurance and to confirm what insurance coverage is already provided by FedEx before purchasing additional insurance.