What is UPS declared value coverage?

UPS provides maximum liability coverage for shipments up to $100 in value. This coverage is called “Declared Value”. Items that are worth $100 or less can be claimed for up to that amount if they result in a lost, stolen or damaged shipment.

Is Declared value worth it UPS?

Declared value is beneficial if you are making a one-time shipment or if you are shipping a parcel with a lower value. If you are sending a package valued at $100 or less, then declared value should be adequate in the event of a package being lost or damaged.

What is UPS declared value fee?

What does UPS declared value cost? As mentioned before, the first $100 of your UPS declared value is free of charge. But anything from $100.01 to $300 incurs a fee of $3.45. After $300, there is a $1.15 charge for each $100 worth of declared value.

What is ups insurance policy?

One of the points worth noticing in the UPS Insurance policy is that if the value of the shipment is more than $100, the insurance will be based on the declared value. However, the declared value must also satisfy some conditions. UPS doesn’t insure the cost of selling the package.

How do you add insurance to ups shipment?

To purchase UPS insurance for multiple packages: From the READY TO SHIP page, select UPS as the carrier and one of their services. Under “Insurance Options”, check Add insurance. Confirm that the Provider drop down menu is set to UPS Declared Value. In the Insure to value of field, enter the average value of each package.

What is ups high value shipment?

The UPS High Value Report is a report showing a tracking number, package ID, and Declared Value if your package has a declared value of $1,000 or more. Note: The report is generated when you enter a Declared Value under your insurance options on READY TO SHIP and is not affected by changing your Declared Values on your Customs forms.

What is UPS package?

United Parcel Service (UPS) is an American multinational package delivery and supply chain management company.