Insights to Help Your Business
The Difference Between Shipping Insurance and Carrier Liability
Unraveling the secrets of comprehensive coverage and avoiding shipment nightmares.
Shipping packages can be a stressful experience, especially ensuring your valuable goods arrive safely and securely. While carriers offer liability coverage for lost or damaged packages, this coverage may not be enough to fully protect your shipments.
Discover the main differences between shipping insurance and carrier liability and learn about the countless benefits of comprehensive coverage for your valuable shipments. Read on to learn tips that will enable you to make an informed decision when it comes to protecting your business shipments.
Protecting Against Porch Piracy
Safeguard your packages against the growing threat of porch piracy, a concerning reality in present times. A recent study reveals that 47% of surveyed consumers have reported experiencing or hearing about an increase in porch piracy incidents within the last year, a type of loss that carrier liability may not fully cover.
As travel becomes more common, 40% of surveyed consumers worry about not being home to receive packages. This increases the risk of theft. With shipping insurance like InsureShield® Protection, you can feel secure. Your valuable shipments are protected from the growing risk of porch piracy.
Flexible Claims Process
When it comes to filing claims for shipping incidents, time is a precious resource that businesses cannot afford to waste. One of the remarkable benefits of InsureShield Shipping Insurance is the fast and easy claims process it offers.
Unlike carrier liability coverage, which can take weeks or months for reimbursement, InsureShield Coverage pays claims quickly. You usually receive payment within days instead of weeks. This means you can quickly receive the compensation you deserve, saving valuable time and allowing you to focus on running and growing your business.
InsureShield Shipping Insurance lets you file claims for up to nine months after the estimated delivery date. You have 90 days to report concealed damage. This gives you time to inspect your packages carefully.
Freight carriers usually have strict rules about claims for hidden damage. You must file these claims within 5 days of delivery. For parcel carriers, the time limit is often 60 days. This gives you a short time to take action.
InsureShield Shipping Insurance has a longer claims filing window and better coverage than most carriers provide. By choosing protection like InsureShield Shipping Insurance, you get more time to file claims. This lets you focus on managing your business better.
Expedited Reshipment Options
In the unfortunate event of a lost or damaged package, time is of the essence to get your shipment back on track. By choosing InsureShield Coverage, you not only gain peace of mind knowing your shipments are protected, but you can also enjoy the added benefit of expedited reshipment options. This means that if your items are lost or damaged during shipping, they can be quickly reshipped. This helps keep your business running smoothly.
Additionally, your coverage includes up to 20% of the insured value of your shipments. This is for expedited reshipment charges, giving you extra financial protection. Conversely, carrier liability coverage often falls short in providing customized comprehensive coverage options. This will leave you with fewer alternatives for a quick resolution.
Expertise and Assurance
When it comes to shipping insurance, InsureShield Protection stands out as a trusted choice. Unlike carrier liability offered directly by carriers, InsureShield Coverage is provided through UPS Capital Insurance Agency, Inc., a licensed insurance producer with ample experience in protecting multi-carrier shipments. This specialized expertise ensures that an InsureShield policy can tailor coverage options to meet your specific needs, offering comprehensive protection for your shipments.
UPS Capital Insurance Agency, Inc. focuses on customer satisfaction. They offer personalized service and guidance during the shipping process. This helps create a better shipping experience. With customized insurance, you can trust their knowledge and dedication to protect your shipments. This leads to a smoother shipping experience.
Obtaining shipping insurance provides essential protection that exceeds the limitations of carrier liability coverage. Today, porch piracy is increasing, and package security is a big concern. It is very important to have complete coverage for your shipments.
By understanding the difference between carrier liability and shipping insurance, businesses can ensure a better shipping experience for both themselves and their customers. This proactive approach protects their profits and helps the business grow. It also ensures great customer satisfaction. Make the choice to protect your valuable goods with InsureShield Shipping Insurance and prioritize the success of your shipments.
Ready to uncover the key differences? Download our PDF guide for a clear comparison between shipping insurance and carrier liability.
Additional Resources
Insurance coverage is offered through UPS Capital Insurance Agency, Inc., a licensed insurance producer. All descriptions or illustrations of coverage are provided for general informational purposes only and do not in any way alter or amend the terms, conditions, or exclusions of any insurance policy or program. Insurance coverage is not available in all jurisdictions or to all customers.