Is FedEx International Priority Insured?
Is FedEx International Priority insured? FedEx International Priority ensures the swift delivery of your packages to over 220 countries and territories worldwide. Here, we will explore if FedEx International Priority provides insurance for your shipments.
Shipping insurance plays a vital role in protecting your valuable goods during transit.
It provides financial coverage in the event of loss, damage, or theft of your package.
This is important when shipping high-value items or fragile goods that are prone to damage.
Is FedEx International Priority insured? We’re just about to find out!
Is FedEx International Priority Insured?
No, FedEx International Priority doesn’t offer any type of insurance coverage.
However, FedEx International Priority provides basic shipment protection against loss or damage up to a certain declared value.
The declared value is the maximum liability of FedEx in case of loss, damage, or delay of the shipment.
Meanwhile, this coverage has certain limitations and may not fully cover the value of your goods.
Under FedEx International Priority, the default liability coverage is set at $100 per shipment.
This means that if your package is lost or damaged, FedEx will reimburse you up to $100.
If the default liability coverage of $100 is not sufficient, you have the option to declare a higher value and purchase additional insurance.
FedEx provides a way for you to declare the value of your package and pay an additional fee to ensure that your shipment is fully covered.
When declaring a higher value for your shipment, you will need to provide an accurate assessment of the value of the goods enclosed.
FedEx will then calculate the additional fee based on the declared value.
This will provide you with enhanced insurance coverage.
It’s essential to weigh the value of your package against the cost of additional insurance to make an informed decision.
On the flip side, FedEx offers specialized insurance options for high-value and time-sensitive shipments.
This is done through their FedEx International Priority Freight service.
This service is tailored for large and heavyweight shipments that require extra care and attention.
If you have valuable or delicate items, you can explore these specialized insurance options.
What Does FedEx Not Insure?
It’s important to be aware of certain items that may not be eligible for insurance.
While this list is not exhaustive, here are some common examples of items that FedEx may not insure:
1. Prohibited Items
FedEx has a list of prohibited items that are not eligible for insurance coverage.
These items include but are not limited to explosives, firearms, live animals, perishable goods, and hazardous materials.
You should always review FedEx’s terms and conditions or consult with their customer service representatives to know these items.
2. Fragile Items
While FedEx handles packages with care, there are inherently fragile items that may not be eligible for full insurance coverage.
Examples include artwork, antiques, glassware, and other delicate items.
Specialized packaging and handling may be required for these items.
3. Items of Extraordinary Value
FedEx has limitations on insuring items of extraordinary value, such as cash, precious metals, gemstones, and negotiable instruments.
These items may require specialized shipping methods or alternative insurance options.
4. Damages Caused by Improper Packaging
FedEx expects packages to be properly packaged to withstand handling during transit.
If a package is inadequately packaged and the contents are damaged as a result, the insurance coverage may be affected.
It’s important to follow FedEx’s packaging guidelines and ensure that your shipments are securely packed.
FedEx International Priority offers minimal shipping insurance against loss or damage up to a certain declared value.
Hence, you should understand the insurance coverage and take measures to protect your valuable goods.
