How much do you spend on declared value fees? Refund Retriever’s reports can give reveal shipping intelligence your company needs. UPS also does not provide shipping insurance, to be clear. Stay tuned for our next post in which we will cover UPS declared value fees, then look at some way to lower these costs. Ground – The sender or recipient must notify FedEx Ground no later than 60 days after the date of delivery.Express – FedEx must receive notice of a claim due to damage, delay, or shortage within 21 calendar days after delivery of the shipment.Even if FedEx has full knowledge that a delay or damage will result in the loss of profit. FedEx will pay out the smallest amount, even if that means more work for you.Īlso, the declared value does not cover any loss from loss of profit or income. Regardless of the shipment’s value, FedEx’s liability for loss or damage will not exceed the repair cost, depreciated value, or replacement cost, whichever is less. Guitars and other musical instruments – over 20 years old and customized.Collector’s items (coins, stamps, sports cards, souvenirs, and memorabilia).Stocks, bonds, cash letters, or cash equivalents (stamps, traveler’s checks, lottery tickets, money orders, gift cards).Precious metals (gold, silver, or platinum).Antiques, furniture, tableware, and glassware.Any commodity inherently susceptible to damage or the market value is variable or difficult to ascertain.Any film, photographic images, negatives, chromes, and slides.Artwork, paintings, drawings, vases, limited-edition prints, fine art, statuary, sculpture, and collector’s items.Individual packages with the following items are limited to a maximum declared value of $1,000: Goods with a value (actual or declared) exceeding $500 should not be shipped in a FedEx Envelope or Pak.The maximum declared value for any FedEx Envelope or FedEx Pak is $500.
First Overnight, FedEx 1Day, 2Day, or 3Day Freight: the maximum declared value per shipment is $50,000.FedEx Ground and FedEx SameDay: the maximum value per shipment is $2,000.1 Day (Overnight), 2 Day, or 3 Day (Express Saver): maximum declared value per shipment is $50,000.WE DO NOT PROVIDE INSURANCE COVERAGE OF ANY KIND. Contact an insurance agent or broker if you desire insurance coverage. The declared value cannot be greater than the declared value for customs.įrom the FedEx Service Guide: You may transfer this risk to an insurance carrier of your choice by purchasing an insurance policy. FedEx can impose that shipments having a declared value of $500 or greater may not be released without a signature even where the release is authorized. They encourage shippers to transfer the risk to an insurance carrier, in fact. The FedEx service guide explicitly states that FedEx DOES NOT provide insurance coverage.
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