The cost of UPS insurance varies depending on the value of the item being shipped and the level of coverage desired. UPS offers insurance coverage up to $50,000 for a fee of $2.70 per $100 of declared value. For example, if you want to insure a package worth $1,000, the insurance fee would be $27.00. It is important to note that UPS also offers additional services such as declared value coverage and declared value for carriage, which may affect the cost of insurance. It is recommended to contact UPS directly or use their online shipping calculator to determine the exact cost of insurance for your shipment.
1. What is the cost of UPS insurance for packages?
UPS insurance rates vary depending on the declared value of the package. The cost of insurance starts at $2.70 for packages with a declared value of up to $100 and increases based on the value of the package.
2. Is UPS insurance mandatory for all packages?
No, UPS insurance is optional for all packages. However, it is recommended for high-value items or fragile items that may be damaged during transit.
3. What is the maximum amount of insurance coverage that UPS offers?
UPS offers a maximum insurance coverage of $50,000 per package or $100,000 per shipment. Additional coverage may be available upon request and approval by UPS.