The Best Ups Insurance Limits 2023

What Are UPS Insurance Limits?

UPS insurance limits refer to the maximum amount that UPS insures for loss or damage to a package. The default insurance is for $100.00, but customers may choose to purchase additional insurance up to a maximum of $50,000.00. The cost of the insurance is based on the declared value of the item that is being shipped.

What Factors Affect Insurance Costs?

The cost of insurance is based on the declared value of the item being shipped, as well as the destination of the package. Declared value is the amount that a shipper states the item is worth. The declared value must not exceed the actual value of the item.

What Is Not Covered by UPS Insurance?

UPS insurance does not cover items that are considered hazardous material, or items that are prohibited by UPS. Additionally, certain items may be excluded from coverage. It is the shipper’s responsibility to ensure that the items they are shipping are covered by insurance.

What Is the Process for Filing a Claim?

In order to file a claim, shippers must provide proof of value and a copy of the original invoice. UPS will also require proof of delivery, such as a signature or delivery confirmation. Once the claim is filed, UPS will investigate the claim and make a determination of coverage.

How Long Does It Take for a Claim to Be Processed?

The length of time it takes for a claim to be processed varies, but typically the process takes up to eight weeks. It is important to note that the claims process can take longer if there is a dispute about the value of the item or if additional information is needed to process the claim.