Even the most efficient online retailers can make mistakes. If you’re shopping with any regularity, you know how easy it is to get carried away and order things that seem like a good deal at the moment. A good shipping company will take care of everything from sending your orders to picking them up at your door, so you don’t have to worry about anything. But what if you run out of milk? What if something goes wrong with the deliveryman? Fortunately for you, there are various kinds of shipping insurance that will protect you if one of these situations arises. To be clear, this article isn’t intended as a step-by-step guide on how to buy shipping insurance or any other form of protection against lost or damaged packages. It’s only an overview on what it covers and its benefits. Keep reading for everything you need to know!
What shipping insurance covers
One of the most important things to understand about shipping insurance is exactly what it covers. Most of the time, you can look up the coverage details by looking up the product you’re buying. When you purchase something like coffee, you can see what it covers by looking up the variety of goods you can purchase with your coffee. In the same way, if you buy insurance for your orders, you’ll know what items are covered and what’s not. The policy will usually include details on the items that aren’t covered, as well as the exclusions. Most shipping insurance policies will cover you for items lost or damaged in transit, even if the items themselves aren’t damaged. This means that you don’t have to pay for every single coin in your change or every time someone drops a box on the sidewalk. It also means that you won’t be stuck without insurance if one of your orders goes wrong.
What not to buy shipping insurance for
Unfortunately, some things just aren’t worth the price of shipping insurance. Namely, things that you’re completely responsible for. For example, if you order something like a couch on Prime Day and the couch is insured, but you have no way to pick up the package until the next day (or the day after that), you’re probably going to be left without the couch. You might be able to get the couch replacement value insurance, but that coverage only covers you if the original couch gets broken or destroyed in the meantime. You’re also likely to be stuck with a higher risk of damage if the item is glass or a specialty item like a crystal vase orMichael Kors watch. Basically, if you’re at all unsure about what you order, don’t buy shipping insurance.
When to buy ship insurance
Shopping online can be a great way to save on shipping, but you need to make sure you’re covered if one of your orders goes wrong. To buy ship insurance in time for the holiday rush, November is the best month to buy. During this month, most companies have reduced rates, which can make them more affordable than the rest of the year. If you’re unsure when to buy ship insurance, October is a good month to buy. Just make sure you buy it in time for the November holidays. Also, if you’re willing to accept a little damage as part of the deal, you can buy ship insurance that covers damage to packed and shipment items. This coverage is usually limited and only kicks in if the damage to the item itself is higher than the coverage amount.
Pros of buying shipping insurance
If you don’t know whether you’ll need shipping insurance or not, it’s better to have it now, rather than later. Knowing now can help you save time and money by avoiding having to wonder if you need cover when you’re far too close to the end of the month to fill out a new insurance policy. If you do need shipping insurance, it’s a good idea to buy it early so you have time to explore your options and make sure you want to purchase it. After that, it’s good to know exactly what you’re covering and what you don’t. Another good reason to buy shipping insurance is so you can know the expected costs and damages caused by different types of shipping. If you don’t know how much a particular item will cost you to ship, you can’t adequately protect yourself from excessive shipping costs.
Cons of buying shipping insurance
As is the case with most types of insurance, there are a few negatives to buying shipping insurance. The main one is that you’re likely to pay more for it. Another thing to keep in mind is that you may have to pay for the insurance again if the damages are substantial. If the items you bought shipping insurance for break or get lost in the mail, you’ll owe the company the full price of the insurance. Finally, it’s important to remember that insurance is a 2-way street. If anything goes wrong during the shipping process, such as a package getting lost in the mail, you’ll need to take care of it yourself. You can’t simply call the shipping company and ask them to pick up the phone and call you or your customer service rep. That’s not an option with shipping insurance.
Shopping online can be a pain in the backside. You have to keep track of countless addresses, make sure you know what items are insured and where they’re at, and then try to make sure they get there safely. It can be a real hassle, and in some cases, it can cost you a lot of money because you have to pay for insurance every time something goes wrong with your order or your deliveryman is late. But don’t stress yourself about it. We’ve got you covered. Check out these tips on how to shop shipping insurance and save on your order.