Why insure my shipment? Is it necessary? Tips from FlagShip | FlagShip

Why insure my shipment? Is it necessary?

Posted by Tania

A common question when processing a shipment is – Why insure my shipment? Here are a few things to consider that may help you answer that common question!

You need to consider the destination of your shipment to best determine if insuring your shipment is necessary. For example, if your parcel is leaving from a major city or a rural city going to another major city or rural city insurance should be high on your list of things to consider. Remember the further the destination the more of a risk for damages or a lost shipment. Thus insuring your shipment becomes important.

Another consideration is the fragility of your products. Naturally, glass and small plastic products are fragile products and the risk of damage also increases.

The cost of your items must be taken in consideration. If your products are inexpensive then you may choose to forego the insurance. However in the course of a year you must consider how much it may cost you on shipping replacement orders due to damaged product by the courier companies to your customers.

The courier companies will insure your shipments up to a value of $100.00 excluding the shipping cost. Therefore, knowing the process your shipment goes through and even though you make take all the precautions in regards to packaging no courier company can 100% guarantee safe and /or on-time delivery of your shipments. With that said, it is highly recommended that you insure your shipments valued more than the $100.00 offered by the courier companies.

FlagShip offers an additional insurance coverage for your shipments. It is easy to obtain a price for insurance on our online shipping page – you need to be a FlagShip customer to login. Under the insurance section simply enter the valued amount for the shipment and a detailed description, and then the FlagShip system will generate a price. FlagShip offers one of the lowest rates in the industry. For only $1.25 per $100.00 value you will obtain peace of mind knowing that your shipment’s value is covered to its fullest no matter what happens to your shipment.

Is it absolutely necessary? We think so considering the obstacles facing the safe delivery of your shipment.

If you have any questions please contact us at support@flagshipcompany.com or 1-866-320-8383.