Frequently asked questions on Shipping Insurance

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Frequently asked questions on Shipping Insurance

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 items
Insurance Cost
Up to $100
$100 - $300
Every $100.01 over $300
$1 per $100

UPS shipping insurance

Value of shipped items
Insurance Cost
Up to $100
Every $100.01 to $300
Every $100.01 over $300
$1.15 per $100

USPS shipping insurance

Value of shipped items
Insurance Cost
Up to $50
$50.01 to $100
$100.01 to $200
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. 

Get Quote and Save UPTO 70% on your next shipping

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.


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.

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Srinath Jukanti
Excellent service
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srinivasa Kosuri
Nice experience with SFL worldwide. Their sales rep in the US was very helpful, polite and answered all my questions patiently.
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anil kumar
Excellent service, I send documents to home country at a very reasonable price, Highly recommend them for. customer support is very quick in turnaround. Great experience overall.
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Saranya M
Used this to ship documents to India at half the price of FedEx and I am happy with the service!
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Nilesh Shah
Amazing and reliable service at very cheap price.
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Omkar Kulkarni
Documents shipped with SFL to Mumbai with 1/3rd price (End carrier- Fedex). Highly recommend. Thanks Ambuj.
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Shanmugavel Balasubramanian
I shipped four boxes to Small village near Pattukkottai, Tamil Nadu India. It came to my home as it is. No issues. Great service, tracking and delivery.
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Krishna Kumar
Used SFL worldwide for my shipping services to india. They did a great job and able to get the shipment done in 4 days through fedex. Definitely recommend.
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Santosh Kumar
Really happy with the service. SFL was more than 50 % discounted than any other courier services. Even the document got delivered really fast.
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Deepak Datwani
Excellent service. Sent few documents internationally from Dallas, reached in 3 days at half the price that regular couriers would charge. Very professional team.
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