Does FedEx pay declared value?

Does FedEx pay declared value?

Yes, FedEx pays declared value for shipments but it is subject to certain limitations and conditions. When you declare the value of an item or package being shipped through FedEx, you are essentially purchasing insurance coverage for that specific value.

1. What is declared value?

Declared value is the monetary worth of an item or package that you disclose to FedEx for shipping purposes. It represents the maximum liability FedEx is willing to assume if the package is lost, stolen, or damaged in transit.

2. How does declared value work?

When you declare a value for your shipment, FedEx can provide insurance coverage for that declared value. In case of any loss or damage to the package, FedEx will compensate you up to the declared value amount.

3. Are there any limitations to the declared value coverage by FedEx?

Yes, there are limitations to the declared value coverage. FedEx’s maximum liability for loss, damage, or delay for domestic shipments within the United States (excluding FedEx SameDay services) is limited to $100 per package or $9.07 per pound, whichever is greater.

4. What are the limitations for international shipments?

The limitations for international shipments vary depending on the destination country. FedEx’s maximum liability for international shipments is typically higher, but it is still recommended to check with FedEx for specific details based on your destination.

5. How can I declare the value of my shipment?

To declare the value of your shipment, you can indicate the desired declared value on the FedEx shipping label or shipper’s declaration form. You can also declare the value online when creating a shipping label through the FedEx website.

6. Is there a fee for declaring value?

Yes, there is a fee for declaring value. FedEx charges a declared value fee based on the declared value amount. The fee is added to the overall shipping cost.

7. Are there any items that cannot be declared for value?

Yes, there are certain items that cannot be declared for value. These items include cash, precious metals, jewelry, and other valuable items. FedEx also restricts the declared value for certain items like artwork and antiques.

8. What if I don’t declare a value for my shipment?

If you don’t declare a value for your shipment, FedEx’s liability is limited to a default declared value amount, which is typically the minimum liability coverage provided by FedEx.

9. What if the actual value of my shipment exceeds the declared value?

If the actual value of your shipment exceeds the declared value, FedEx’s liability will be limited to the declared value amount. It is important to accurately declare the value to ensure appropriate coverage.

10. Can I increase the declared value after I have shipped my package?

No, you cannot increase the declared value after you have shipped your package. It is essential to declare the accurate value before sending the shipment to ensure proper insurance coverage.

11. Will FedEx ask for proof of value when a claim is filed?

Yes, FedEx may ask for proof of value when a claim is filed. They might request documents such as receipts, invoices, or valuations to verify the declared value of the package.

12. What is the process for filing a claim if my shipment is lost or damaged?

To file a claim for a lost or damaged shipment, you need to notify FedEx within the applicable time frame (usually within 21 days of delivery). They will guide you through the claim process, which typically involves providing details, supporting documentation, and evidence of value.

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