How can I insure my shipment for it’s true value, instead of just the $100.00 free coverage some couriers provide?
A. Many couriers offer shippers an option to purchase additional coverage against damage and loss. The fee varies by company, but it is important to note that in order to obtain this service, you must write in the insured value of your shipment on the waybill. If this is not done, the courier is only legally liable for the free coverage they may provide, or the minimums as stated in the Warsaw Convention Act, which is typically $2.00/lb.
Related Questions
- When setting the value for our equipment coverage, should we insure all of our equipment and should we choose an amount equal to book value (includes depreciation) or replacement cost value?
- How can I insure my shipment for it’s true value, instead of just the $100.00 free coverage some couriers provide?
- How do I request coverage for a high value shipment?
