How important is shipping insurance?
Shipping insurance is a service that can mitigate the risk of losing money from replacing/refunding lost, damaged, or broken shipments. If by any chance an insured package is lost/damaged during delivery, the shipper is eligible to file for a reimbursement on the declared value of the items.
Who is responsible for shipping insurance?
There are two categories of shipping insurance, buyer and seller. The basic difference is: buyer shipping insurance is funded by the consumer and seller shipping insurance is sender-funded. There are different processes for each.
Who pays for items damaged in shipping?
If the shipper can prove that a carrier received the goods in an undamaged state and delivered them damaged or lost, the carrier will be liable unless one of the five exclusions to carrier liability exist and the carrier was not negligent.