High-value parcel insurance: insure your important shipments
If you're shipping very expensive goods, such as jewelry, watches, works of art, professional equipment, or any other expensive or unique item by carrier, the risks of loss, damage or theft are simply too high to be borne by the recipient. High value parcel insurance is designed to provide comprehensive coverage and peace of mind when you've sent your parcel to a carrier.
In this article, we'll look at the benefits of insurance and how it works.
3 reasons to opt for High Value Parcel Insurance
- Protect yourself against risk: With high-value parcel insurance, you can enjoy comprehensive coverage for high-value items for as long as they remain in the carrier's possession. This means your parcels are protected in the event of loss, damage or theft.
- Gain peace of mind: You won't have to worry about the security of your shipments, knowing that they're covered by our insurance. So you can spend your time on what's important to your company.
- Save money: In the event of a claim, replacement or repair costs are covered by high-value parcel insurance. This can help you save money in the long run.
4 steps to High Value Parcel Insurance
- Underwriting: You take out high-value parcel insurance with an insurer, a broker like Claisy, or a carrier. This step may include an assessment of the value of your items.
- Declaration of the Amount Covered : You declare the value of your parcel, which will determine the amount of compensation in the event of a claim. At Claisy, we have this option and many others besides...
- Shipping: You send your parcel following the insurer's recommendations for packaging (probably with the same care you already take). This may include the use of specific packing materials and additional security measures (e.g. never display any sign of value on the outside of the parcel).
- Claims: In the event of a problem during delivery of your parcel (loss, damage or theft), you make a declaration and provide the necessary information in accordance with the conditions of your insurance. The insurer may send an expert to recover the goods from the carrier. Once the information has been validated, you will receive compensation based on the declared value.
Tips for Choosing the Best High Value Parcel Insurance
- Compare offers: Check out the services and cover offered for the price paid. You know better than anyone: price is good, but service is better.
- Check conditions: Don't forget to ask for the shipping terms and conditions, so you can validate the proposed cover, as it's detestable to be denied a claim.
Summary
High-value parcel insurance is a wise expense to protect your valuable shipments and give you peace of mind. By choosing the right insurance, you minimize risk and maximize the security of your shipments.
Feel free to compare, and if you have any questions, don't hesitate to contact the Claisy teams.
