You can purchase package insurance from most major carriers. In fact, many carriers provide automatic coverage up to a certain value if your package qualifies. If your package already has coverage, then you may not need additional insurance.
However, insuring your package through a third party insurance company like U-PIC offers many advantages.
If your package value exceeds the automatic coverage provided by the carrier, U-PIC can insure your package at competitive rates. We offer 50% - 90% package insurance rate discounts compared to other programs. Additionally, having an account through a third party insurance company like U-PIC allows you to insure packages shipped through any carrier, and provides one central location where you can manage shipments and file claims.
Furthermore, carriers are in the package delivery business, whereas U-PIC is in the package insurance business. We understand that problems arise and we are here to assist you quickly and painlessly.
A variety of factors will influence your U-PIC package insurance cost.
U-PIC package insurance is calculated in $100 increments, called Declared Value Units, or DVU’s for short. To figure out how much insurance on any package would cost, simply multiply the rate of insurance that you pay per DVU, by the value of the package that you intend to ship. An item that you are looking to insure for $300, would be insured at 3 DVU’s. If you were to pay $0.45 per DVU, shipping insurance on a package holding a value of $300, would cost $1.35. A DVU is based on a whole unit of measurement, meaning a package insured for a value of $250, would count as three DVU’s.
*These are example package insurance rates and do not reflect true pricing.
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Did something happen to your insured package? Every type of insurance has rules for claim filing, but U-PIC's claims process is easy and straight forward.
The standard requirements to complete a package insurance claim with U-PIC are as follows:
*These requirements may be different based on the details of your policy with U-PIC.
U-PIC processes thousands of claims every month. You will be paid on time as long as you follow some basic claim filing rules. Learn more about how to avoid claim denials.
U-PIC's standard list of exclusions include: Accounts, bills, bullion, currency, deeds, evidence of debt, furs, original/fine art, computer chips, money, notes, securities, perishable cargo, precious/semi-precious stones, televisions, tickets, laptop computers, cellphones, personal goods, or similar property unless endorsed in writing.
*These exclusions may be different based on the details of your policy with U-PIC.
U-PIC has has a REST API. Our software development team can work with your programmers to get you integrated.
We also support hundreds of clients who do not have programmers on staff. Our agents can get you set up quickly and easily based on your requirements.
If you're convinced about the need for package insurance and you're ready to start ASAP, then you can complete our Online Application. It's quick and easy and an insurance agent will contact you after reviewing the application.