![]() Checks: UPS will not pay for the face value of the check.Insects or vermin, deterioration, dampness of atmosphere, extreme temperature, ordinary wear or tear.UPS uses declared value to help determine its maximum liability in the event the package is lost or damaged but doesn’t guarantee that in the event of loss or damage, they will pay every cent of an item’s declared value as reimbursement.Įvents, issues, and items that are not covered under UPS’ declared value program are: $999 for packages shipped using Shipper ReleaseĪgain, it’s important to remember that while declared value is great for ensuring UPS shares and is aware of the financial liability around a package, the value is not necessarily the same as insurance.Shippers cannot declare a value for UPS Prepaid Letters.$500 for an international shipment containing jewelry.$500 for a package shipped at a UPS Drop Box.$1,000 for a package shipped via a third-party retailer.$1,000 for packages returned via UPS Print Return Label, UPS Print and Mail Return Label, Electronic Return Label, or 1 UPS Pickup Attempt, Return Services, and UPS Returns on the Web.$5,000 for a package shipped using a payment card as the payment method via UPS Internet Shipping.$50,000 for a package shipped when a UPS account number is provided or from a location of the UPS Store.Those limitations mostly surround maximum declared values in certain situations, which are as follows: There are limitations on UPS’ declared value system, however, that you need to consider before shipping. To figure out your declared value charge, you’d need to multiply $1.15 by 11, which brings your declared value charge to an additional $12.65 on top of the cost of shipping. ![]() So, for example, let’s say you want to ship a package that’s worth $1,050 using UPS’ declared value system. In the case of exceptionally valuable international shipments, or international shipments worth more than $50,000, UPS multiples the declared value of the package by $0.009. UPS does charge a fee for declared value packages, and that fee is dependent on how much you say your package is worth, which is referenced in this article.įor every package with a value of $0 to $100, UPS automatically insures it at no additional cost.įor packages worth $100.01 to $300, insurance is $3.45 per package.įor any packages that are worth more than $300, UPS charges an additional $1.15 per additional $100 in declared value. If your package is worth $100 or more, however, you’ll need to use UPS’ declared value program to ensure UPS is aware of and bound to the financial liability of handling your package.ĭeclaring a value of over $100 is not technically insurance, but it does help create a paper trail that will help you get your money back if something happens to your package. The cost of this insurance is automatically built into the shipping costs of your package, so there’s no need to purchase additional insurance if your package is worth $100 or less. Therefore, no matter what you’re shipping or if you have insurance for your item, if the item is lost or damaged in UPS custody, you are eligible to receive up to $100 in reimbursement. If you’re shipping a package containing valuable items with UPS, or just want to know if doing so is a good idea, be sure to check out the rest of the article to learn more! How Much Does It Cost to Insure a UPS Package?Īll packages shipped with UPS have an automatic $100 worth of insurance coverage applied. All packages, including UPS Ground, have $100 of automatic insurance coverage, which will be paid back if the package is lost or damaged while in UPS custody. If you want to insure a package that is worth more than $100, you must use UPS’ declared value program, which can cover your package for up to $50,000 in insurance. UPS packages are all automatically insured for up to $100 in 2023. 1.5 Conclusion Are UPS Packages Insured In 2023?
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