What is the maximum insurance for FedEx?

$2,000
FedEx Shipping Insurance Costs If you are shipping something through FedEx Same Day or Same Day City, you can declare a maximum value of $2,000 for insurance coverage. This maximum value applies to all items in the shipment as a total value, not each item individually.

What is FedEx declared value coverage?

The Declared Value for Carriage of any Package represents FedEx maximum liability in connection with a shipment of that Package, including but not limited to, any loss, damage, delay, misdelivery, any failure to provide information, or misdelivery of information relating to the Shipment.

How much is FedEx insurance per $100?

FedEx Insurance Costs:

What if FedEx loses your package?

Customer submits online claim form. Customer submits supporting documents online, or mails or faxes them to FedEx Cargo Claims Dept. FedEx performs a trace on your lost package and notifies you of the outcome. FedEx claims agent will review and process your claim.

Is FedEx liable for lost packages?

FedEx allows either the shipper or the receiver to file the claim for a lost package. They say it should be whoever has the interest in the items shipped. FedEx generally covers the first $100 of value of a package unless you purchase additional insurance or can prove that they damaged an item worth more than that.

Does FedEx ever lose packages?

Not any more than any other automated system does. Most losses for any of the major shippers is via damaged parcels and products and missing shipping labels.

Is FedEx declared value worth it?

It is important to call out that FedEx declared value is not insurance. The declared value of a package is FedEx’s maximum liability for loss or damage due to its mishandling of the shipment. FedEx does not provide any kind of insurance.

Are FedEx packages automatically insured?

FedEx offers insurance to help offset the cost if a package is lost, stolen, or damaged. The first $100 of insurance doesn’t cost anything, but if the value of the package is higher, you can purchase additional insurance to cover potential losses.

Does FedEx reimburse for lost packages?

FedEx allows either the shipper or the receiver to file the claim for a lost package. FedEx generally covers the first $100 of value of a package unless you purchase additional insurance or can prove that they damaged an item worth more than that.

Is FedEx responsible for stolen packages?

FedEx generally covers the first $100 of value of a package unless you purchase additional insurance or can prove that they damaged an item worth more than that. FedEx coverage extends to lost and damaged packages, but there may not be anything that they can do if the package was successfully delivered and then stolen.

What insurances does FedEx provide?

FedEx does not provide any kind of insurance. Find details in FedEx’s 2020 Service Guide. In contrast, third party insurance provides protection, whether or not FedEx contributed to the loss or damage. If you are shipping a package valued over $100 and want liability protection, you have two options:

What does FedEx insurance cover?

FedEx offers an insurance cover if the company is responsible for any damage done to any package on shipment. The damage can occur from stealing, misplacement, or total damage to the parcel.

Does FedEx cover for consequential loss?

FedEx do not provide cover for consequential loss as detailed in our terms and conditions. [1] in section 19.2.

Is FedEx insured?

While there’s no specific FedEx insurance, the company does offer limited reimbursement up to a certain amount if your package is lost or damaged in transit. You must pay an additional fee for FedEx insurance, which is known as “declared value.”