Insure Your Package Through EasyPost No Matter Your Carrier
by Katrina Luthi
Shipping a package isn't without its potential pitfalls. There's a lot of ground to cover — literally and figuratively — between you and the recipient. The reality is that sometimes parcels get lost or damaged in transit. While some may wish they could travel personally with a package to ensure its safe delivery, there is a better option: shipping insurance through EasyPost.
Shippers opt for shipping insurance because it ensures that in the unlikely event that their package is lost or damaged, their goods will be replaced at little to no cost to them. From 5 to 500,000 packages shipped daily, shipping insurance is important for any business that ships packages. If your shipment doesn't reach your customer in one piece, it can damage your pocketbook and reputation.
There are two kinds of shipping insurance — freight and parcel insurance. Freight insurance covers a group of packages in a container or on a pallet, while parcel insurance covers each individual package.
At EasyPost, we believe parcel insurance gives our customers the most customization and control over what they insure. If you have a pallet of shipments, but only half of the items are of high value, you may not want to insure the whole pallet. With parcel insurance, you can insure the individual packages you want to protect. In this way, you save money without sacrificing peace of mind.
A Variety of Pricing Options Available
Insurance is not a "one-size-fits-all" product, which is why EasyPost offers a variety of pricing options. We want to make it easy for our customers to decide what's right for them based on their shipping needs.
- Our standard shipping insurance rate is 0.5% of the total product value with a $0.50 minimum.
- Our custom pricing includes reduced premiums or a rebate program (cash back on unused insurance).
- Another custom option for our label customers includes automatic insurance for as low as $0.10 per $100 (or 0.1%) in package value.
Additionally, many insurers only offer discounts to high-volume, enterprise-level customers, but EasyPost offers discounts to both small businesses and enterprise-level companies alike. Whether you're interested in USPS insurance costs or FedEx shipping costs, EasyPost provides you with the best third-party shipping insurance.
When it comes to covering your shipments, there are several different parcel insurance options. You can go through a third-party insurance agency like EasyPost, a carrier, or you can "self insure" by paying for losses out of pocket. Insurance with EasyPost is by far the easiest option. When you insure with EasyPost, any claims you file stay between us.
This is because EasyPost doesn't use a third-party insurance company to insure your packages. We handle the claim on your behalf and pay you for your loss within 10 days of submitting your claim. This is much faster than third-party insurers and carriers, which can take three to 12 weeks to file a claim and process payments.
Peace of Mind Is Around the Corner
With more customization and a streamlined process, we make it easy for our customers to make the insurance choices that are right for them. Sign up for EasyPost shipping insurance today and start enjoying peace of mind.