Sending packages always garners frustration when you worry about whether or not
the package will arrive. If the package is something replaceable and
inexpensive, you can forego getting insurance on the package and just send it.
Insurance can be expensive and can add a lot to shipping costs, especially if
you are shipping a lot of items.
Compare Prices on Couriers Now
Most courier services offer insurance on any goods you ship or send. You will be
offered such insurance at the time when you get a quote to send the package.
They will ask you what your package is worth and give you insurance options that
match that price. That way, if the package is lost, you can recoup the value of
the package.
When is it worth it to take out insurance on a package or goods?
When the item is of a high value and when it can be replaced with the money the
courier company gives you at the time of loss. If the item is of a great value,
make sure you take out more insurance so that, if the package is lost, you can
replace it.
But what about packages that contain irreplaceable items in them?
It may still be worth taking out insurance on the item so that you can recoup
something when the item is lost. A better bet is to choose a quality courier
service with a low rate of losing things and a tracking system so you and they
can know where the package is at all times. This may cost you more money up
front but you can be assured of getting the package or goods through without
them being lost—or at least your odds are better.
If you do have a package lost, you should have saved the paperwork you filled
out when you sent the package. You take it or send it to courier service you
used and they will give you an amount of money that is the value of the
insurance you took out on the goods. If you don’t take out enough insurance, you
will only get the amount of insurance you took out and it might not be enough to
cover the item. This is why you should know the value of the product and take
out enough insurance for it.
Get Courier Service Quotes Now
One may argue that it isn’t worth taking out insurance on items that are
irreplaceable. No amount of money can replace the item you have shipped - so it
doesn’t make sense to take out insurance on something that can’t be replaced.
You have to judge for yourself whether or not it makes sense to take out
insurance on such valuable items. Again, it is better to ship it in such a way
that it won’t get lost.
Use a courier service that bar codes everything so that things don’t get lost as
easily and take out insurance on anything you can replace. It’s up to you to
decide if it’s worth it to insure something that is irreplaceable
DISCLAIMER: The information contained in this article is the opinion of the
Author and should not be taken as advice.