UPS offers declared value coverage for packages up to $50,000. The cost of this coverage is based on the declared value of the package and can be purchased at the time of shipping. It is important to note that declared value coverage is not insurance, but rather a liability limitation option. For additional insurance coverage, UPS recommends purchasing third-party insurance.
1. What is the maximum amount that UPS will insure a package for?
– UPS offers a maximum declared value coverage of $50,000 per package or $100,000 per shipment.
2. Is insurance included in the standard UPS shipping rates?
– No, insurance is not included in the standard UPS shipping rates. Customers can purchase additional insurance coverage for their packages at an extra cost.
3. What types of items are not eligible for UPS insurance coverage?
– UPS does not provide insurance coverage for certain items such as cash, jewelry, precious metals, and negotiable instruments. Additionally, some items may be restricted or prohibited from shipping altogether. It is important to check with UPS for specific guidelines and restrictions.