Frequently asked questions on Shipping Insurance

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Despite advancements in technology and services, there is still a possibility for your package to get lost or damaged in transit. This means that your ecommerce business may run into unexpected costs, affecting your budget. To protect yourself from unpredictable costs, it is a good idea to consider purchasing shipping insurance.

What is shipping insurance?

Shipping insurance is a policy that can be purchased by a shipper to cover the costs of loss or damage in transit. Most leading couriers, such as. FedEx, UPS, and DHL cover up to a certain value on goods damaged or lost in transit.

With a high demand for fulfilling consumers' demands, it makes sense to purchase insurance for shipping that gives you the peace of mind that you require.

SFL Worldwide offers insurance options for our users shipping their packages to domestic and international locations.

How much does shipping insurance cost?

Keep in mind that the declared value of your shipment determines insurance costs. This is why it is important to declare the right amount it would to repair or replace your item. That said, actual insurance is different from declared value. Your shipping company can only pay for damages you are able to prove. Here are some insurance costs covered by various carriers.

Value of Contents Insurance Cost

FedEx shipping insurance

Value of shipped itemsInsurance Cost
Up to $100$0
$100 - $300$3
Every $100.01 over $300$1 per $100

UPS shipping insurance

Value of shipped itemsInsurance Cost
Up to $100$0
Every $100.01 to $300$3.45
Every $100.01 over $300$1.15 per $100

USPS shipping insurance

Value of shipped itemsInsurance Cost
Up to $50$1.65
$50.01 to $100$2.05
$100.01 to $200$2.45
Every $100 over $300 (up to $5000)$4.60 + $.90 per $100

Is shipping insurance worth it?

The need for international shipping insurance depends on the value and volume of your shipped items. Even though shipping services are quite reliable, the cost to cover lost or damaged items are steep. The last thing you want to do is pay an exorbitant amount to cover your items.

If you are a non-frequent shipper , and you're sending a casual package or a simple document overseas, it is very unlikely that you will need shipping insurance.

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How does shipping insurance work?

You will need to file a claim with your shipping carrier or insurer. Once you file a claim, you may be asked to submit the necessary documentation to prove that your item was damaged or lost and the overall value of the items. The carrier will then process your claim and conduct the necessary evaluations.

Conclusion

Your customers are more likely to revisit your eCommerce when the overall experience is great. Timely delivery and a reasonable return policy can bring back your regulars and new customers. Shipping insurance is an easy way to achieve this and win your customer's hearts without leaving a dent in your budget.

SFL Worldwide is Fully Licensed and Insured

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Karttavaya Aroraa

Karttavaya Aroraa

1 year ago

Google
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Seamless experience for shipping stuff from Usa over to India. Mr Punit Manchanda is really helpful.

Lalit Gupta

Lalit Gupta

1 year ago

Google
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I am a repeat customer of SFL Worldwide and I have been very pleased with their exceptional service and help. I have dealt with Mr Rahul Karelia and he had been very helpful. The service is very reliable and all my documents to India have always reached safely and promptly. Will recommend very highly.

Sangcheon Yim

Sangcheon Yim

1 year ago

Google
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I recently relocated from Dubai to Federalway, WA U.S.A., after spending over 6 years there. This move involved transporting a significant amount of household goods, filling a 40-foot container. Initially, I was quite worried about the complexity of this task. I wanted to take a moment to commend the outstanding work SFL Worldwide - Shipping & Moving Services, in particular to Mr. Krutik, Operation Manager and Mr. Sadab Haikh, Schedule manager. Krutik and Sadab demonstrated exceptional professionalism efficiency, and extra care all the way from Dubai to my house. Everything was delivered safely and securely. Their friendly demeanor and willingness to go the extra mile made the entire process smooth and stress-free. I will not hesitate to recommend Move for Less to friends and family in the future. Thank you once again for their excellent service. Sang and Young

Theresa Mary

Theresa Mary

1 year ago

Google
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Great experience with Punit and his team at SFL Worldwide.They made my shipment delivered on time and safe.Looking forward to work with them in the future. Thank you.

Shadhana Palaniswami

Shadhana Palaniswami

1 year ago

Google
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I had a good experience shipping my items, 3 medium size boxes through ocean with SFLs help. Nirav Shah, was the one who helped me throughout the process. They were customer friendly and prompt most of the time with answering the query. I'm glad I chose their service for shipping my items.