Whether you are an e-commerce business, traveling, moving, or need to get something from Point A to Point B, you'll want to make sure that your items are safe when you ship them. Putting your belongings or products into a box and leaving them in the hands of others can be stressful, which is why 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 peace of mind.
Third-party shipping insurance is a type of insurance policy purchased to protect your shipped items. 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 the best third-party shipping insurance is necessary when your item's value is more than the standard insurance policy option offered by the post office or shipping agent you have chosen to use. Parcel insurance doesn't always ensure 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.
Third-Party Shipping Insurance Basics
There is always a basic level of shipping insurance you should have, even if you're shipping something small. Most shipping services will offer a certain amount of coverage under the declared value of your items. However, some carriers like USPS only have declared value coverage if you use their Express Mail service. Some carriers 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 company's liability limit offers. This is where third-party parcel insurance comes in. When looking for the best third-party shipping insurance, consider your budget, 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 ensure 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 records.
Third-Party Shipping Insurance Claims Process
Before you purchase third-party parcel insurance, be sure to read the fine print on your policy. If 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 need to file a claim, be sure to have your supporting documents for your policy, shipping information, and details about the items you shipped on hand for easy access. It can help 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 its policyholders the ability to make a claim online simply and easily. This system eliminates the need for a lot of paperwork and hassle gathering multiple documents together for review if you need to make a claim. With Cabrella, claims under $20,000 will be resolved within 30 days, unlike USPS or FedEx, which have resolution times of 120 days.
Domestic Third-Party Shipping Insurance
There are many options for finding the best third-party parcel insurance for sending items within the United States. Domestic shipping services should include real-time package tracking and enough insurance coverage to protect your items against loss or damage. Insurance costs can vary depending on the things 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 Third-Party 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. API integration allows Cabrella customers to track their packages with multiple carriers as their items make their way worldwide.
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 practically any country. Click the button below to get a quote and see what Cabrella can do for you!