Is Shipping Insurance A Good Idea?

Objectively, yes, adding additional layers of protection to your parcel as it moves through the delivery process is a good idea. Each day, billions of parcels are injected into the delivery stream, and each day, more and more of them are lost or damaged. It may not be necessary for parcel that is valued at less than $100 if a buyer or shipper is utilizing the shipping carrier’s free coverage, but it may be a good investment against the risk of sending parcel that is worth more than you are willing to write off in the event of loss or damage.

Buyers and sellers should weigh the risk vs. reward, of adding optional shipping insurance to their parcels. It is worth it to also consider using a 3rd party shipping insurance solution, like U-PIC to save money, and get claims paid out faster, in the event of loss or damage.