Are UPS packages automatically insured?
UPS automatically covers most packages up to $100 for both a domestic and an international shipment. Additionally, UPS provides declared value coverage for an additional fee for packages that exceed this amount.
What UPS insurance means?
Shipping insurance is a service that offers financial reimbursement if a package is lost, stolen, or damaged during the transit process.
Does UPS reimburse for lost package?
If you receive a report from a recipient of a missing or stolen package, UPS will want to work with you to find the package or provide reimbursement for the replacement or purchase cost, whichever is less. Responding promptly to these occurrences is essential to good customer service and return business.
How much does UPS cover for lost package?
UPS provides all packages automatically with $100 worth of liability for loss or damage. A shipper can choose to declare a higher value for the shipment with an additional charge.
What do I do if UPS loses my package?
- Provide Some Details About the Package. This can be the package's tracking number, weight or contact information for the recipient.
- Let Us Know Your Role in the Claim. Indicate your relationship to the package. …
- Support Your Claim With Additional Documentation. …
- Submit Your Claim.
How long does it take UPS to investigate a lost package?
UPS claims tend to take about ten days to investigate and process completely, at which point you could receive a full refund should your claim prove successful. The shipper, receiver, or a third party can file a claim.
What is the most UPS will insure a package for?
What is my maximum insured value per package? We offer up to $70,000 on UPS Next Day Air® packages and $50,000 on other packages unless stated otherwise on your insurance policy declarations page.
Does UPS insure packages for free?
Shipping insurance is a necessary option if you're sending valuable goods or a one-of-a-kind item with UPS. Even if the cost of goods is minimal, the no-cost insurance that UPS provides can help replace the item in the event of a lost or damaged package.
How much is UPS insurance per $100?
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. the first $100.
How much can you insure UPS?
UPS provides all packages automatically with $100 worth of liability for loss or damage. A shipper can choose to declare a higher value for the shipment with an additional charge. With this in mind, UPS specifically states that UPS declared value is not insurance.