What is parcel insurance?
Parcel insurance is another name for shipping insurance. Parcel or shipping insurance covers the declared value of the package(s) you ship through carriers. If your package becomes lost or stolen, the parcel/shipping insurance will ensure the package is covered for the declared value. • What is the difference between the coverage provided by Shipandinsure.com and what my carrier is offering? Besides the price savings of insuring on ShipandInsure.com, all member users are provided paper copies of the insurance coverage they are purchasing on their packages. Unlike some shipping carriers, who do not even call their coverage insurance, your protection is true insurance coverage that is spelled out in the policy and will not change from shipment to shipment. • Who is your underwriter? PGI Commercial, LLC in Morristown, NJ is the Managing General Agent for the insurance program. Certain Underwriters at Lloyd’s, London (not incorporated) began providing coverage for the facility on April 1,
