subject: Should I Be Buying Insurance For My Courier Shipments? [print this page] People want their shipments insured. It's just common sense that, anything that you send with a Chicago courier service company; you are going to take great care to ensure that it has adequate insurance coverage. In almost every shipment though, you aren't going to need to buy extra insurance to make this happen. Courier companies carry a great deal of insurance the only purpose of which is to provide coverage to the cargo belonging to their customers.
When you ship with a courier company, in some rare instances they may give you the option of whether or not you want to insure your shipment. You should always buy insurance on your cargo if this is optional and not mandatory. Most courier companies will simply build the price of the insurance right into the price of your shipping, but there could be rare exceptions to this rule. Never think that you can get away with not getting insurance just once, as Murphy's Law says that is when something terrible will happen to your packages.
Under normal shipping circumstances when the insurance is included with the price of shipping, the good news is that it is almost always very good insurance. There are several different things which could potentially go wrong during a courier shipment, and this coverage is excellent at protecting against almost all of them. In some cases, very rare and obscure circumstances may not be covered against, but the long and the short of it is that your package is already insured.
Damage and loss are both going to be insured against. This includes damage that is caused by the courier, such as dropping the package, and that which might not be their fault, such as damaged cause by sprinklers in a storage facility, or fire. If the courier loses your package, or makes a mistake and delivers it to the wrong address and it cannot be recovered, there should also be insurance protecting against that.
There is only one real situation where you have to worry about going out yourself and buying insurance for your courier cargo. This is when you're shipping above normal values of goods. Every courier policy has an upper limit of coverage that is established based on the type of vehicle moving the goods. If yours are much more valuable than what might normally be moved in that type of vehicle, you may need to buy yourself some additional insurance.
by: Norman Packwell
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