Once again following UPS, FedEx has announced their 2012 rate changes. The changes will take place on January 2, 2012; the same day that the new UPS rates take place. Below is a list of some of the changes FedEx Rate Changes for 2011: Rates increased an average of 5.9%. The rate increase was partially offset by adjusting the fuel price at which the fuel surcharge begins, reducing the fuel surcharge by 2%. Minimum rates for FedEx Express services [...]

We would like to offer a P.S.A. to make sure that you understand that the shipping carriers are providing declared value coverage, not real parcel insurance (or real shipping insurance). Please read our post The Difference Between Declared Value and Insurance for further clarification. Remember, Shipsurance offers complete coverage for your packages in transit and our coverage is real, regulated insurance for parcels and packages shipped domestically and worldwide. We apologize for interrupting your holiday shipping!

Purchasing shipping insurance coverage from Shipsurance is a smart decision from a cost perspective. However, did you know that FedEx and UPS have limitations of coverage for specific commodities? These are defined coverage caps that you, the shipper, must know and understand when shipping merchandise. As a matter of fact, see how FedEx explains themselves here. Once there,  click on “Declared Value and Limits of Liability (Not Insurance Coverage)”. It states “Contact an insurance agent [...]

When it comes to shipping insurance, we are often asked the difference between declared value coverage (what the carriers offer) and insurance (what we offer). When you declare a value with UPS and FedEx, you are not purchasing insurance; you are purchasing declared value coverage.  In response, we put together the following list. Declared Value Declared value coverage is not insurance for shippers. Shipper must prove that the carrier was negligent. Does not increase a [...]