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No Insurance with FEDEX as of 11/01

Just a heads up if it’s not known already, as of November 1st 2021 FedEx does not offer insurance on shipments. I was sending out a piece of gear today and was told that I would have to obtain 3rd party insurance if I wanted my shipment covered for lost/damage. 
Does anyone have recommendations on who to insure gear with?? 
128x128jl1ny

Showing 4 responses by jl1ny

jl1ny's avatar
jl1ny OP
396 posts
 
To make matters worse Fedex is hiking rates 5.9% Jan 3, 2022. So no insurance and a rate hike. Unfortunately the alternatives are dismal and less reliable. UPS is a disaster as it is but still better than USPS.
jl1ny's avatar
jl1ny OP
396 posts
 
Ok, just off the phone with FedEx…apparently the genius who I was dealing with was stuck on stupid. The “declared value” policy remains the same up to $50K. The 1st $100 is covered by FedEx, anything over 100 is an additional $1.15 per $100 
I apologize for the false alarm.
jl1ny's avatar
jl1ny OP
396 posts
 
Some clarification: “What Changed In FedEx Insurance Rates In 2021 | FedEx offers insurance cover for parcels that are worth $100. If the value of the parcel is worth more than $100, you will have to declare its value and pay for additional coverage before FedEx ships it.” 
jl1ny's avatar
jl1ny OP
396 posts
 
@sns

I went to FedEx to ship a piece of gear today with $1500 insurance. They told me that as of Nov 1st they no longer insure items. Each package is covered by $100 loss/damage that’s it. If I wanted the $1500 I’d have to obtain the insurance from a 3rd party before it’s shipped.
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