how can I insure a shipment for more than $10,000


All the usual means I use have limits of $10,000 or less. I need to ship a $22,000 preamp and can't take a chance that it gets lost (stolen) along the way and I'm out the additional $12,000.

herman

Showing 1 response by jeffbij

A few additional things you should do if you ship high dollar value items (above the  maximum insurance levels) with FedEx or UPS.  The company I worked for prior to my retirement used to ship high value metals all the time and FedEx/UPS provided guidelines for us.  (Some shipments were approaching $1M USD. surprise)

  • Use descrete packages,  i.e. blank boxes.  Don't do anything to advertise what the contents are.
  • As @gregrolka mentioned, you need to seal every edge, corner, etc.  And use "tamper proof" printed tape.  It makes it a bit more difficult to slit the box open and then retape it.  You can get it on Amazon.
  • If handing the package directly to the driver, make sure he/she is aware of the value.  Their protocols should have them segregate the package in the truck so it can be locked up when it is unloaded at the depot.
  • Otherwise, take the package to the actual FedEx or UPS desk at their respective shipping centers, not at the UPS Store or Walgreens, etc.  One, you will get a better rate, and more importantly, if you let them know the high value, the supervisor will lock them in the "cage" until ready to be placed on the truck/plane.
  • Ship overnight or 2 day delivery instead of ground if possible.  Fewer transfer points and hands on the package.  Less likely to get misplaced or "lost" in transit.