Why Parcel Insurance Is So Important For You?

The customers always want their parcels to be delivered on time and in a good condition. However, there can be several hurdles in the shipping process like too much demand on the carrier, bad weather conditions, and even the mishandling of packaging on the way. Well, there is a solution to this condition as well. Have you ever heard of parcel insurance?


The shipping insurance is required for the safe delivery of your products. If you do not opt for parcel insurance, the risk of your losses are increased. Here is why you need parcel shipping insurance.

  • Even the best-known brands fail

Looking at some of the top product carriers like FedEx and UPS, you will notice that even these top-level companies do not achieve a 100% success rate.

Depending on the kind of issues caused during the delivery process, you can call for insurance and do compensation for the buyers at no cost to your business.

On the other hand, using the USPS, shipping insurance can be added. And yes, it can get costly quickly.

 

  • Packages do arrive in bad conditions


Whichever company you have selected to ship your products, you will observe that around 7% to 11% of products arrive in bad conditions.

Hence, the protection of your items becomes necessary to maintain the credibility of your business and the trust of your clients.

There must be a trustworthy importing firm if you want to deal outside the country. A package needs to pass through the customs but it may not become possible every time due to the presence of some corrupt officials.

If you are relying on USPS, you will be needed to trust the postal services as well. The parcel insurance can cover you for the entire journey.

  • Peace of Mind

Once you have insured your shipments, you will never have to worry about their safety after handing them over to the carrier. It makes sure that the products are delivered in time and a good condition to the customers. If not, the clients will be eligible to receive compensation.

In case of any mishappening, you will see that your company will not have to pay for any unexpected expenses and your customers will also stay satisfied.

  • Covers the most expensive packages

Whenever a product or package is mailed, you receive some amount of capital for the coverage. In case, the loss to the product occurs for more than the amount you have received then you will be eligible to compensate your buyers.

If you have high-value parcel insurance, you can ensure the items worth any amount. However, extremely expensive products are excluded from this policy.

 

Parcel Insurance offers a lot of benefits and you must undertake them after conducting proper research. However, you should try avoiding lengthy claim periods and spend less. You should also try picking up a 3rd party insurance provider.

Be sure about where you are going to invest and you will not face any complications later.
Location: Australia

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