Does FedEx Pay if they Lose Your Package?

Does FedEx pay if they lose your package? FedEx handles millions of packages and although they take precautions, there are instances when a package can get lost. We will provide a detailed overview of FedEx’s lost package policy, and how much FedEx will reimburse you for your lost package.

In today’s world of fast-paced online shopping and shipping, it’s common for packages to go missing.

Losing a package can be frustrating and stressful, especially if it’s from a loved one.

Many people wonder if FedEx will compensate them for the lost package. Does FedEx pay if they lose your package? Let’s find out!

Does FedEx Pay if they Lose Your Package?

Yes, FedEx will pay you if they lose your package.

FedEx has a liability policy in place to protect its customers in the event of a lost or damaged package.

The liability policy is based on the type of service used, the declared value of the package, and the cause of the loss or damage.

If the package is lost or damaged due to reasons that are covered under the liability policy, FedEx will compensate the customer for their losses.

 The compensation amount will depend on whether the customer declared a value for their package.

When you declare a value for your package, you’ll pay an additional fee to insure the package for that value.

This insurance provides additional protection beyond the liability coverage provided by FedEx.

So, if your package is lost or damaged, you can file a claim with FedEx to recover the declared value and the insurance cost.

However, when filing a claim, you’ll need to provide the tracking number, invoice for the contents of the package, and the declared value.

If you don’t declare a value for your package, FedEx’s liability will pay a lesser value of the package or a predetermined maximum amount.

In this case, you won’t be able to recover the full value of your package if it’s lost or damaged.

Meanwhile, there are exceptions to FedEx’s liability policy.

FedEx isn’t liable for losses or damages that result from:

• Acts of God, such as natural disasters or severe weather
• Acts of terrorism or war
• Illegal activities or customs seizures
• Improper packaging or labeling
• Losses or damages that occur after delivery.

How Much Will FedEx Reimburse for Lost Package?

Generally, they pay the shipper $100 for each approved claim.

However, the amount of reimbursement will depend on the declared value of a package and purchased insurance.

It also depends on the type of service used and the cause of the loss or damage.

For example, FedEx Express and FedEx Ground offer a maximum declared value of $100.

Meanwhile, FedEx International Priority and FedEx International Economy have a maximum declared value of $2,500.

If the customer declared a value for their package, they will receive compensation up to the declared value and the cost of insurance.

This means that if a customer declared a value of $500 and purchased insurance for $50, they will receive up to $550 in compensation

If the customer did not declare a value for their package, they will receive a predetermined maximum amount.

So, FedEx provides compensation for lost or damaged packages.

If you want to ensure that you’re fully protected, it’s important to declare a value for your package and purchase insurance.