The cost of FedEx insurance per $100 varies depending on the declared value of the package, the destination, and the shipping service selected. Generally, the cost of FedEx insurance ranges from $0.70 to $5.00 per $100 of declared value. It is recommended to contact FedEx customer service or use their online shipping calculator to get an accurate quote for insurance costs.
1. What is the cost of FedEx insurance per $100 of declared value?
The cost of FedEx insurance per $100 of declared value varies depending on the shipment’s destination, mode of transportation, and the type of goods being shipped. However, the standard rate for FedEx insurance is $0.70 per $100 of declared value.
2. Is FedEx insurance mandatory for all shipments?
No, FedEx insurance is not mandatory for all shipments. However, it is highly recommended for high-value or fragile items to protect against loss or damage during transit.
3. What is the maximum amount of coverage offered by FedEx insurance?
The maximum amount of coverage offered by FedEx insurance is $50,000 per package or $100,000 per shipment. However, higher coverage limits may be available upon request and approval by FedEx.