Is Shipping Insurance Worth It in 2024?

TL;DR

• Shipping insurance is worth considering, especially for high-value items, as it provides protection from damages, theft, or losses during the shipping process.
• It typically covers damage, theft, and loss during transit but does not cover issues like improper packaging, delivery to the wrong address, or post-delivery incidents.
• The cost of shipping insurance varies based on the value, size, and distance of the shipment, with prices ranging from 10 to 60 euros or more.
• Eurosender includes basic insurance in its Standard Shipping Service, with the option to purchase additional coverage for higher-value items.

Shipping insurance is one of the best ways to protect your shipment from the unexpected situations that can come with international shipping, such as lost, stolen or damaged parcels.

So it all comes down to the question: is shipping insurance worth it? The answer is shipping insurance is definitely worth it as it can provide additional peace of mind, especially for high-value items when you are sending something overseas.

Shipping insurance can be a worthwhile investment considering the cost and value of the item and the amount of coverage offered by the carrier. By purchasing shipping insurance, you can rest assured that any unexpected situations will be covered, allowing you to have a smooth and worry-free shipping experience.

Read all about shipping insurance:

• Insured parcel shipping
• Freight shipping insurance rates
• What is cargo coverage?

What does the shipping insurance cover?

Shipping insurance covers physical damage and loss of goods shipped from one place to another. Or, to be more precise, the shipping insurance will be valid for:

• Damage to the contents of your package.
• Losses due to theft or robbery during the shipping process but not after it is delivered.
• Losses due to natural disasters happened during the shipping process.
• Losses due to human error (the employees accidentally damaging an item).
• Losses due to bad weather conditions during the shipping process (like snowstorms).

Read more about:

• I received my parcel damaged, now what?
• The contents of my parcel were stolen!
• Someone stole my parcel, what now?
• Bad weather conditions affecting delay

But what doesn’t the shipping insurance cover?

• Shipping insurance will not be valid for prohibited or restricted items.
• Loss or damage due to failure to comply with applicable laws, regulations, or ordinances.
• Loss or damage due to improper and inadequate packaging or handling.
• Loss or damage due to incorrect address or recipient information.
• Loss, theft or robbery after the shipment was delivered to the designated location.
• Loss or damage caused by natural disasters after the shipment was delivered.
• Other situations that are specified in the Terms and Conditions of the specific courier company.

Read more about:

• How to properly package any shipment
• How to handle fragile items
• How to correctly write the addresses

How much does it cost to insure a package?

The shipping insurance does not have a fixed set price. The price of your shipping insurance will depend on your shipment’s value, the package’s size and weight, the distance it needs to travel and the shipping service used. Generally, insured parcel shipping can range from 10 euros to 60 euros or more, depending on the above factors. Keep in mind that different rules apply for different couriers, so you should check your options with the chosen courier.

You can also purchase additional coverage for your items to ensure extra piece of mind for more valuable items.

Check out everything about shipping insurance per specific shipping service here.

How much is insured parcel and cargo shipping with Eurosender?

When shipping packages with Eurosender, basic shipping insurance is already included in the final price for our Standard Shipping Service of up to 200 EUR! Additionally, you can add extra coverage for a small fee for greater protection and ease of mind.

CMR or ERGO covers the insurance of larger parcels when shipping freight with Eurosender, and you can purchase additional coverage for higher-value shipments for an additional fee.

Also, our services include tracking so our customers can track their parcels to ensure they reach their destination safely and on time.

Check the price for your shipment now, with insurance included!

What is required for the insurance to be valid?

• Proof of the value of the items
• The items are to be in original packaging
• The items are not to be restricted or prohibited from shipping
• To send pictures of the items

Do I get money back on the shipping insurance?

The short answer is yes, you may be able to recover some or all of the cost, but it depends on the situation and the type of insurance you purchase. If your package gets damaged or lost in transit, you will be reimbursed for the value of your shipment. However, if something happens to it after it arrives at its destination, then you won’t get any money back at all. For example, if someone steals items out of an unsecured box or breaks into a locked crate and steals something inside, then there’s nothing anyone can do about that.

If you receive your shipment intact and safely at the destination but paid for insurance, you will not receive that money back as it guaranteed your shipment would arrive safely at its destination.

Still have questions?

Check our articles that answer the most common questions about shipping.