Protect your shipments with U-PIC, the industry leader in providing comprehensive shipping and package insurance solutions.
Who is U-PIC?
Your Trusted Package Insurance Solution
For over 30 years, U-PIC has provided businesses and individuals with reliable third-party package insurance solutions. We specialize in protecting shipments against loss, damage, and theft — offering rates up to 90% lower than carrier-provided insurance.
Our seamless process ensures that protecting your shipments is simple, from purchasing coverage to filing claims.
Key Highlights:
- Over 30 years of industry expertise.
- Coverage for shipments with USPS, UPS, FedEx, DHL, and more.
- Discounted rates to save businesses money.
- Fast and efficient claims processing.
What is Shipping Insurance?
Understanding Package Insurance
Shipping insurance, also known as package insurance, is a financial safeguard for your shipments, protecting them against risks like loss, damage, or theft during transit. While carriers aim to deliver shipments safely, accidents, mishandling, and unforeseen events can still occur.
Why Choose U-PIC’s Package Insurance?
- Save 50%–90% compared to carrier-provided insurance programs.
- Fast and simple online claims process.
- Coverage for shipments originating in the U.S. and Canada.
Common Questions About Package Insurance
Have questions about package insurance? Click below to jump directly to the answers.
What is third party package insurance?
Why do you need package insurance?
Is package insurance a good idea?
Who does package insurance protect?
How much does package insurance cost?
What items are not covered by package insurance?
How to complete a package insurance claim?
What is Third-Party Package Insurance?
Third-party package insurance refers to coverage provided by an independent entity, separate from the carrier. U-PIC offers specialized coverage that’s often more flexible and cost-effective than carrier-provided options.
Advantages:
- Discounted insurance rates.
- Higher declared values on shipments.
- Flexible coverage tailored to your needs.
Why Do You Need Package Insurance?
Even with carriers' best efforts, shipments can still be lost or damaged. Package insurance protects you financially and ensures customer satisfaction.
Is Package Insurance a Good Idea?
Absolutely! Package insurance is a smart investment to safeguard your business reputation and keep customers happy.
Who Does Package Insurance Protect?
Package insurance protects both buyers and sellers, ensuring a smooth transaction regardless of transit issues.
How Much Does Package Insurance cost?
Rates vary by carrier, item value, and frequency. U-PIC uses Declared Value Units (DVUs) to calculate costs. A DVU is equal to $100 worth of coverage.
Example Pricing Table:
| Carrier | Package Value | Deductible | Rate Per DVU | DVUs | Cost |
|---|---|---|---|---|---|
| UPS | $300 | $0 | $0.45 | 3 | $1.35 |
| FedEx | $500 | $0 | $0.40 | 5 | $2.00 |
| FedEx Int. | $500 | $0 | $0.45 | 5 | $2.25 |
What Items Are Not Covered By Package Insurance?
Coverage rules vary among insurance providers, so reviewing your policy is crucial.
U-PIC Exclusions Include:
- Currency, money, and securities.
- Perishable cargo.
- Precious and semi-precious stones.
- Personal goods and electronics (without endorsements).
Customizable Endorsements:
U-PIC offers endorsements for:
- Porch piracy.
- Temperature-sensitive shipments like perishables.
- High-value electronics and more.
How to Complete a Package Insurance Claim?
Filing a claim with U-PIC is simple and efficient. You’ll need:
- A copy of the invoice between the seller and the buyer for the merchandise in the shipment.
- A statement from the consignee confirming the loss or damage to the shipment. If the shipment is lost, the statement from the consignee must be dated after the waiting period for the package.
- Pictures of the damaged package and product if the package arrived damaged.
Please note: These requirements may be different based on the details of your policy with U-PIC.
Conclusion
Having reliable package insurance in place reduces risks and ensures peace of mind. With U-PIC, you save money, protect your shipments, and gain confidence knowing you’re covered.
Don’t wait—secure your shipments today and save up to 90%. Contact us now!
