![]() The cost of insurance varies based on the type of service that you select and the items you plan to ship. Additionally, FedEx has a maximum declared value, which varies based on the service you select. #Fedex cover superscribe freeThe first $100 of insurance is free for most services however, you can purchase insurance for more than this value (more on this shortly).Īdding more insurance to a package can be accomplished online or in person.Īlso note that with FedEx insurance, the carrier will not automatically replace the item if it’s broken and can be repaired. Upfront proof or receipts are not required at this stage however, if you make a claim, these will be required to confirm the value of the package. Purchasing insurance requires you to tell the carrier the value of the shipped items. Purchasing the right amount of insurance is key and involves stating a “declared value.” Understanding FedEx Declared Value Damage results by carrier vary, but the study found the following percentage of damaged packages by carrier:įedEx had the smallest percentage of damage in this study, but in these events, shipping insurance helps offset the cost. One study found that up to 11 percent of packages are damaged during transit. There is a small risk of package loss during transit, but damage is more common. The first $100 of insurance doesn’t cost anything, but if the value of the package is higher, you can purchase additional insurance to cover potential losses. What is FedEx Shipping Insurance?įedEx offers insurance to help offset the cost if a package is lost, stolen, or damaged. ![]() The company offers insurance to handle these types of situations, but how much does it cover, and what is the cost? Understanding the pros and cons of FedEx shipping insurance can help you decide what role, if any, this option should play in your business operations. ![]() The first priority is finding a resolution for that customer, but what amount, if any, can you recover for the loss?įedEx is a popular carrier choice, shipping 14 million packages to 220 countries and territories daily. But companies also must plan for what happens when something goes wrong.Ī customer calls and complains that a package didn’t arrive on time, or equally as serious, the package arrives broken or in poor condition. And when evaluating shipping options, there are a number of variables, including cost, value, and dependability that must be taken into account. ![]() When serving customers, companies have many considerations, including shipping and its impact on the customer experience. ![]()
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