Should i insure my package

For us it boils down to is it cheaper to replace the items or to pay for the insurance. I did use insurance but never had an issue for a package I insured. I stopped using insurance but will only use on very large orders now. I charge the customer the retail shipping price and print out the Etsy labels. That gives me extra money to use in case there is something damaged, if it is not insured. I sell a lot of low priced items, so I can refund without a problem. Some packages go by First class mail and some are media mail and some are Priority.

If the price of the items is I package my items well, so there shouldn't be breakage. In the 21 years of selling online, I have only had 4 packages lost and one that looked like it got run over by a truck. I sned all my postcards as a first class letter without tracking and I have had a few customers say they never got it.

I refunded from my extra money stash. My time is worth insuring on larger orders and so that is how I arrive at that choice. I have never had a problem so far and I hope that lucky streak continues to infinity. All good food for thought. I really appreciate the input. I went the first 10 years of selling online without a problem. As a buyer, I had a few things supplies I had bought online go missing, but never anything I had shipped from my shop.

My first claim was in , then one in September , and I just had another one a couple of weeks ago. I'm not sure if I'm seeing an increase due to sending more things out or if there has been a general decline in performance from the USPS Probably both.

Thank you for your perspectives. I have a lot of labor hours into my items and don't want to risk a lost or damaged package without some insurance. I could pay myself the. If I feel something requires insurance I upgrade to priority. The extra cost is still less than insurance overall. I always buy insurance, even though I haven't had a claim in years just one recently where a package was delivered but nobody was at the residence for over a month, so it went missing.

If I send Priority it is included. If not it is "self insured". I would not send something expensive uninsured and if it was a large box I'd have it signed for and have that understanding up front if they want to waive that, once marked delivered that big box is theirs to worry about getting stolen Seriously though I would have spent thousands of dollars unneccessarily. I have shipped over 10, packages between shops and sites and only had one issue on Ebay in the very beginning that I did not have package tracking for proof of delivery and they knew that and I believe used it against me and I had to refund.

So yes tracking domestic over insurance. Pack well. I do not want to jinx myself but that was the only "missing pacakge" and I have only had 2 breakages in those 10, packages.. And how much money x 10, packages? It IS a gamble but the odds are in your favor..

This way all orders are covered regardess, with some left over in the reserve fund. We just started this a few months ago, and the reserve fund is adding up quick. We do place it on our priority orders too. Wish I had better news, but I hope this helps! Sorry about that! Your email address will not be published. Notify me when new comments are added.

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Does Ground Service go to Puerto Rico? Who is Jimish Kothari? What is a Commercial Invoice for Customs? Learn about the basics of shipping insurance and how to purchase extra coverage. Eventually you may end up paying the buyer back, lose money on your stock and also stand to risk future businesses..

And to make things easier for the trade, shipping lines have also started offering insurance services, so there are several options available to the customers.. If you are interested in understanding and learning more about the types of cargo damages, the reason why it happens, the preventive measures to be followed to avoid cargo damage and how it should be handled, download my Essential Guide to Cargo Damage..

It taking our calls etc We also have a greater concern I. That we are inexperienced and have had no insurance in place ourselves but we paid in good faith to have these goods sent without what has happened on way where other companies have made incorrect decisions for us without authorisation Can you advise are we wasting our energy pursuing?

Louise delivery from china to belfast ireland. Hi Louise, if the cargo was containerised, not sure why the cargo was reloaded into another container due to wind.. Have you placed a claim for the damages against the carrier who issued the bill of lading to you..?? I appreciate your efforts of informing this cargo insurance thing to people, trust me I had no idea about this policy It helps a lot in the package forwarding.

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How do I get estimated price for my items here in the Gambia because my company is sending me my package but they asked me to get the estimated price for my items for Insurance but I have to idea about the policy for that. Moreover, malfunctioning of the machine in a Reefer container should occur due to electrical and mechanical break down of the machine. The wrong setting of temperature control by the Carriers contributing damage to the cargo is not covered.

After unloading the cargoes from the container, our warehouse team claim there is a shortage of 3 items. The supplier told us to claim from the insurance company. Is this right? Now can the shipper blame me for not doing so? If you had insurance, you could have claimed from your insurance.. But if shipper made a mistake with the temp settings they cannot absolve themselves as well..

Thank you for the good article. We have cargo in Mexico, during transport via cargo trucking, the cargo stolen. What could we do to recover the loss? Appreciate your kind help. Thanks for sharing. I need assistance, we had shipped a container of personal effects after 11 yrs in Dubai from Dubai to UK in March.

The container was lost overboard.