Finding the Best Third-Party Shipping Insurance

Posted by Benjamin Meskin on Sep 5, 2018 12:00:00 PM
Benjamin Meskin



Whether you are an e-commerce business, traveling, moving, or just need to get something from Point A to Point B, you want to make sure that your items are safe when you ship them. Putting your belongings or products into a box and leaving in the hands of others can be stressful, which is why having shipping insurance is so important. Not only are you insuring your  items for their value in case they are damaged, lost, or stolen, but you are also insuring them for your own peace of mind.


Shipping insurance is a type of insurance policy that can be purchased in order to protect your items if they are being shipped. Whether you are sending them by air, boat, or through the postal service, getting your items shipped involves many moving parts, the majority of which you have no control over yourself.


Looking for third party shipping insurance is helpful when the value of your items is more than the standard insurance policy option offered by the post office or shipping agent that you have chosen to use. Parcel insurance doesn’t always insure your items to their full value, so always be sure to check what the insurance coverage limits are before shipping.


Here are a few things to consider when looking for the best third-party shipping insurance for your items the next time you need to ship something.



Shipping Insurance Coverage Basics



There is always a basic level of shipping insurance you should have, even if you’re just shipping something small. Most shipping services will offer a certain amount of coverage under the declared value of your items, although some carriers like USPS only have declared value coverage if you use their Express Mail service. Some carries might only provide an automatic $100 coverage limit, which is just the carrier’s liability if your package is stolen, lost, or damaged.


Remember that you will likely need your package insured for more than the shipping company liability limit offers. This is where third-party insurance comes in. When looking for the best third-party shipping insurance, consider what your budget is, where you need to ship your items, what their value is, and if your items are overweight or oversized.


When looking for coverage basics, you want to be sure that you insure items for their value without over or under-paying for coverage. Cabrella offers shipping insurance up to $150,000 per package, in addition to an easily accessible printable certificate of insurance for your own records.






Shipping Insurance Claims Process



Before you purchase shipping insurance, be sure to read the fine print on your policy. In the event that you need to make an insurance claim because of a lost package or damage to an item that you’ve shipped, you’ll be able to know what your policy covers and how to go about the claims process.


If you do need to file a claim, be sure to have your supporting documents for your policy, shipping information, and details about the items that you shipped on hand for easy access. It can be helpful to know how many business days it takes for the claims process to be made for the insurance company you chose to work with, as different insurance companies will have varying claim processing times.


Cabrella offers their policy holders the ability to make a claim online simply and easily. This eliminates the need for a lot of paperwork and hassle gathering multiple documents together for review in case you do need to make a claim. With Cabrella, claims under $20,000 are resolved within 30 days, unlike USPS or FedEx, which have resolution times of 120 days.





Domestic Shipping



There are many options for finding the best third-party shipping insurance for sending items within the United States. Domestic shipping services should include real-time package tracking as well as enough insurance coverage to protect your items against loss or damage. Insurance costs can vary depending on the items that you are shipping, where they are going, and their value.


Cabrella offers the option to purchase additional insurance on your items and track your parcels in real time.




International Shipping



International shipping can be tricky because not all shipping services work in the places you need to send items. Third party shipping can help you keep track of your packages in transit to make sure they have made the transition from your home country to wherever they are going. Cabrella insurance offers API integration with carriers that work worldwide, navigating different countries’ postal services every day. This allows Cabrella customers to track their packages with multiple carriers as their items make their way around the world.


Cabrella insurance insures packages with USPS international shipping and works in countries outside of the US, Europe, and Canada.







Cabrella Shipping Insurance


Cabrella Shipping Insurance can save you as much as 90% in shipping insurance costs and can be used with almost any carrier and to almost any country. Click the button below to get a quote and see what Cabrella can do for you!




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