Everything You Need to Know About UPS Package Insurance

When you’re sending valuable items through the mail, it’s important to protect them. That’s where UPS package insurance comes in. With this service, you can insure your parcel against loss or damage during transit. In this article, we’ll cover everything you need to know about UPS package insurance, including how it works, how much it costs, and how to file a claim if something goes wrong.

What Is UPS Package Insurance?

UPS package insurance is a service offered by UPS that allows you to insure your parcel against loss or damage during shipping. This insurance is available for both domestic and international shipping, and can be purchased for most types of parcels.

The cost of UPS package insurance varies depending on the value of the parcel being shipped. UPS offers coverage from $100 to $50,000, with rates starting at just a few dollars.

How Does UPS Package Insurance Work?

To purchase UPS package insurance, simply declare the value of your parcel when you make your shipping label. The cost of the insurance will be added to your shipping charges. If your parcel is lost or damaged during shipping, you can file a claim with UPS to receive compensation for the value of the item.

It’s important to note that while UPS package insurance provides coverage for loss or damage during shipping, it does not cover damage that occurs during packing or unpacking. Be sure to pack your items carefully to ensure they arrive in good condition.

How Much Does UPS Package Insurance Cost?

The cost of UPS package insurance varies depending on the value of the item being shipped. Rates start at just a few dollars and increase with the value of the parcel. For example, insuring a parcel with a value of $500 would cost around $6, while insuring a parcel with a value of $10,000 would cost around $100.

It’s important to note that there are some restrictions on the types of items that can be insured with UPS package insurance. Items such as cash, jewelry, and antiques may require additional documentation or may not be eligible for coverage.

How to Purchase UPS Package Insurance

To purchase UPS package insurance, simply declare the value of your parcel when you make your shipping label. The cost of the insurance will be added to your shipping charges. If you’re using UPS WorldShip or UPS CampusShip, you can add insurance directly through the software.

You can also purchase UPS package insurance by visiting a UPS store or by calling UPS customer service. Be sure to have the value of your parcel handy when you purchase insurance.

Filing a Claim with UPS

If your parcel is lost or damaged during shipping, you can file a claim with UPS to receive compensation for the value of the item. Claims can be filed online, by phone, or by mail.

Online Claims

To file a claim online, simply log in to your UPS account and navigate to the Claims Center. From there, you can submit a new claim and track the progress of any existing claims.

Phone Claims

To file a claim by phone, call UPS customer service at 1-800-742-5877. A representative will assist you with the claims process and answer any questions you may have.

Mail Claims

To file a claim by mail, simply download and print the UPS Claim Form from the UPS website. Fill out the form and mail it to the address listed on the form. Be sure to include any supporting documentation, such as photographs or receipts.

UPS Package Insurance FAQ

What types of items can be insured with UPS package insurance?

Most types of items can be insured with UPS package insurance, including electronics, clothing, and household goods. However, there are some restrictions on the types of items that can be insured. Items such as cash, jewelry, and antiques may require additional documentation or may not be eligible for coverage.

Is UPS package insurance required?

No, UPS package insurance is not required. However, it’s a good idea to purchase insurance for valuable items to protect them during transit.

What should I do if my parcel is lost or damaged during shipping?

If your parcel is lost or damaged during shipping, you should file a claim with UPS as soon as possible. Claims can be filed online, by phone, or by mail.

How long does it take to receive compensation for a lost or damaged item?

The amount of time it takes to receive compensation for a lost or damaged item depends on the specifics of your claim. In general, UPS will investigate the claim and make a determination within 10 business days. Once the claim has been approved, you should receive compensation within a few days.

Conclusion

UPS package insurance is a valuable service that can protect your valuable items during transit. By understanding how the service works, how much it costs, and how to file a claim, you can ensure that your items are protected and that you receive compensation in the event of loss or damage.

Value of Parcel
Cost of Insurance
$100
$2.70
$500
$5.80
$1,000
$8.90
$10,000
$99.90