Damage to a package can be reported by a shipper, recipient, or by UPS. After a damage inspection is performed by UPS, the shipper of record is contacted with the results. Depending on the results, the shipper can file a claim for the repair or replacement cost of the package contents up to the declared value.
People also ask, how much is ups insurance on a package?
Description. UPS's liability is limited to US$100.00 on packages with no declared value. If the value of your goods exceeds US$100.00, you can declare a higher value, up to US$50,000.00 per package, by entering the declared value in the UPS shipping system used and paying an additional charge.
Is UPS declared value the same as insurance?
UPS refers to the "insured value" as the "declared value". For shipments without a declared value, UPS' maximum liability is $100 for damages or losses at no cost. However, you can declare a higher value and purchase additional insurance with our insurance provider, Shipsurance.
How much does it cost to ship with insurance?
$50.01 to $100 is $2.05. $100.01 to $200 is $2.45. $200.01 to $300 is $4.60. The price per additional $100 of insurance, valued over $300 up to $5,000, is $4.60 plus $0.90 per each $100 or fraction thereof.