Why Insure Your FedEx Package?
FedEx Shipping insurance helps protect against loss, damage, or theft during transit, which is particularly important for high-value or fragile items. Insuring your FedEx package provides peace of mind, ensuring that even in the case of unexpected mishandling, you’ll be compensated for your loss.
Understanding FedEx Insurance Options
FedEx offers insurance coverage that reimburses the shipper for the declared value of the package if it’s lost, stolen, or damaged in transit. This insurance covers both domestic and international shipments but is typically limited to specific item categories.
Key FedEx Insurance Highlights:
- Automatic Coverage: FedEx provides free declared value coverage of up to $100.
- Additional Coverage: Shippers can declare a higher value for packages valued over $100 by paying an additional fee.
- Third-Party Insurance: For items that fall outside FedEx’s coverage limits, or for better rates, consider third-party insurers like Shipsurance or U-PIC.
Step-by-Step Guide to Insuring Your FedEx Package

To insure a package with FedEx, follow these steps:
Step 1: Prepare the Package for Shipping
- Ensure the item is packed securely to prevent damage during transit.
- Use high-quality packaging materials and label the box clearly.
Step 2: Declare the Value at Checkout
- In-Store Shipping: When shipping from a FedEx location, inform the representative of the item’s value. They’ll add the declared value to the shipping details.
- Online Shipping: If creating a shipping label through the FedEx website or app, enter the declared value in the designated field under “Package & Shipment Details.”
Step 3: Pay for Additional Coverage (If Needed)
- For items valued over $100, additional fees apply. Fees increase based on the declared value in increments (e.g., $1.40 per $100 over $100).
- Confirm the total shipping cost, which will include the additional insurance coverage.
Step 4: Confirm Insurance Coverage
- Check the receipt or shipping confirmation email to ensure the declared value and insurance fees have been correctly applied.
Important Considerations When Insuring a FedEx Package
When insuring your package, keep these factors in mind:
- Limitations on Certain Items: FedEx may not cover high-value items such as cash, collectibles, or perishable goods. For such items, third-party insurance may be necessary.
- Proper Packaging: Packages that aren’t packed according to FedEx’s standards may result in denied claims, so follow their packaging guidelines.
- Declared Value vs. Actual Value: The declared value should match the item’s replacement or repair cost, not exceeding its actual value.
- Shipping Method: Insurance may vary by shipping service, so select the method that best fits your needs.
FedEx Insurance Costs and Coverage
FedEx charges for additional declared value coverage as follows:
Declared Value | Cost |
---|---|
Up to $100 | Free |
Over $100 | $1.40 per $100 increment |
For high-value items, these costs add up, so consider your shipping frequency and value to determine the best option for your business.
Filing a Claim for a FedEx Package
In the event of loss or damage, FedEx allows shippers to file a claim for reimbursement. Here’s how to file a claim with FedEx:
Step 1: Gather Documentation
- Collect relevant documents such as the tracking number, receipt, purchase proof, and photos of the damaged item (if applicable).
Step 2: File the Claim Online
- Visit the FedEx claims page and fill out the required information, including details on the item’s condition and value.
Step 3: Submit and Track the Claim
- Submit the claim and track its progress through the FedEx website or customer service. FedEx typically resolves claims within 5-7 business days, though complex claims may take longer.
Step 4: Receive Reimbursement
- Once approved, you’ll receive compensation based on the declared value. FedEx may require a physical inspection of the item if damage is claimed.
Frequently Asked Questions
1. How much does FedEx insurance cost?
FedEx provides free coverage up to $100, with additional insurance available at $1.40 per $100 increment beyond the initial $100.
2. What items does FedEx insurance not cover?
FedEx may not cover certain high-value items, hazardous goods, perishables, or cash. Check the FedEx coverage exclusions list for details.
3. Can I insure a package after it’s shipped?
No, insurance must be purchased at the time of shipping. Once a package is in transit, additional insurance cannot be added.
4. What should I do if my package is lost or damaged?
File a claim through the FedEx website as soon as possible. Be prepared to provide documentation of the item’s value and shipping details.
5. Is third-party insurance better than FedEx insurance?
Third-party insurers often provide more coverage options, and they may be more cost-effective for high-value or frequent shipments. Compare costs and coverage to see which option best meets your needs.
Insuring your FedEx package is a straightforward process that can protect your items and provide peace of mind. By following these steps and understanding FedEx’s policies, you can ensure your packages reach their destinations safely—or be compensated in the rare event that something goes wrong.
For more details, visit FedEx’s official site.