How much is UPS insurance per $100?
**The cost of UPS insurance varies depending on the value of the package and the declared value. The base rate for UPS insurance is $0.85 for each $100 of coverage.**
UPS offers a variety of shipping options, including insurance to protect against loss or damage during transit. While UPS provides a standard level of liability coverage for all shipments, customers have the option to purchase additional insurance for added protection. Here’s a breakdown of UPS insurance costs per $100:
– For packages valued up to $100, there is no additional cost for UPS’s standard liability coverage.
– For packages valued between $100.01 and $300, the cost of UPS insurance is $2.70 per $100 of declared value.
– For packages valued between $300.01 and $600, the cost of UPS insurance is $3.15 per $100 of declared value.
– For packages valued between $600.01 and $1,000, the cost of UPS insurance is $4.05 per $100 of declared value.
FAQs about UPS insurance:
1. Is UPS insurance worth it?
While UPS provides a standard level of liability coverage for all shipments, purchasing additional insurance may be worth it for high-value items or fragile items.
2. What does UPS insurance cover?
UPS insurance covers loss or damage to packages during transit, providing reimbursement for the declared value of the items being shipped.
3. How do I purchase UPS insurance?
You can purchase UPS insurance when you create a shipping label online or at a UPS store by declaring the value of your package and paying the appropriate fee.
4. Can I purchase UPS insurance for international shipments?
Yes, UPS insurance is available for both domestic and international shipments, providing coverage for packages sent anywhere in the world.
5. Does UPS offer insurance for high-value items?
Yes, UPS offers additional insurance for high-value items, allowing you to insure packages for up to $50,000 per shipment.
6. Are there any restrictions on what items can be insured through UPS?
UPS has specific guidelines regarding what items can be insured, such as restrictions on cash, jewelry, and other valuable items. Be sure to review UPS’s insurance policy for details.
7. Can I file a claim for lost or damaged packages covered by UPS insurance?
Yes, if your package is lost or damaged during transit and is covered by UPS insurance, you can file a claim to receive reimbursement for the declared value of the items.
8. How long do I have to file a claim with UPS for a lost or damaged package?
UPS requires claims for lost packages to be filed within 60 days of the scheduled delivery date, and claims for damaged packages to be filed within 30 days of the delivery date.
9. Can I purchase UPS insurance for domestic shipments only?
No, UPS insurance is available for both domestic and international shipments, allowing you to insure packages sent anywhere in the world.
10. What is the maximum coverage amount for UPS insurance?
The maximum coverage amount for UPS insurance is $50,000 per shipment, providing added protection for high-value items.
11. Can I cancel UPS insurance after purchasing it?
No, once you have purchased UPS insurance for a shipment, it cannot be canceled or refunded, so be sure to carefully consider your insurance needs before making a purchase.
12. Can I purchase UPS insurance for packages shipped through UPS SurePost?
Yes, UPS insurance is available for packages shipped through UPS SurePost, a service that combines the efficiency of UPS’s ground network with the final delivery service of the U.S. Postal Service.