USPS Insurance Costs: A Comprehensive Guide

When sending important items through USPS (United States Postal Service), it is always a good idea to opt for insurance coverage to protect your package from mishaps such as loss or damage. But what are the costs associated with USPS insurance? In this article, we’ll go over everything you need to know about USPS insurance costs, so read on to find out more.

What is USPS Insurance?

USPS insurance is a service provided by the postal service that covers your package for any unexpected events such as loss or damage. This service is available for domestic as well as international shipments.

It is important to note that USPS insurance is not the same as package tracking. While tracking provides information about the package’s location and delivery status, insurance provides financial protection in case of loss or damage.

How Much Does USPS Insurance Cost?

The cost of USPS insurance is dependent on the declared value of the items being shipped. The declared value is the maximum liability amount USPS can assume in case of loss or damage. The cost of insurance is a percentage of the declared value.

It is also possible to insure a package for more than $500, but this will require the package to be shipped through Priority Mail Express as well as additional postage fees for the package’s value over $500.

FAQ

What items can be insured through USPS insurance?

Most domestic and international packages can be insured through USPS insurance, including letters, flats, and packages. However, certain items such as perishable food items, animals, or anything considered dangerous are not eligible for insurance coverage.

Is USPS insurance worth it?

If you are sending valuable or fragile items, then it is strongly recommended to opt for USPS insurance coverage. While it may add to the package’s cost, it provides peace of mind knowing that your items are protected in case of any unexpected events.

How do I file a claim if my package is lost or damaged?

If you need to file a claim due to loss or damage of your package, you can do so online on the USPS website or by visiting a local post office. It is important to file the claim as soon as possible and keep any relevant documents such as receipts and tracking information.

What is the maximum liability covered by USPS insurance?

The maximum liability amount covered by USPS insurance is $5,000 for domestic shipments and $2,500 for international shipments.

Can I purchase USPS insurance after I have already shipped my package?

No, USPS insurance must be purchased at the same time as the postage label is printed. It cannot be added after the package has been shipped.

Conclusion

USPS insurance provides an affordable way to protect your valuable or fragile items during shipment. While the cost of insurance is dependent on the declared value of the items being shipped, the peace of mind it provides is worth the additional cost. If you are planning to ship important items through USPS, be sure to opt for insurance coverage to ensure that your items are protected in case of any unexpected events.