When applying to send a delivery, there are certain levels of security that you want to ensure the package has in case of any damages or loss of the package as a whole. If this situation does occur, then businesses are entitled to ensure that they are compensated for the loss of their goods if they have paid a premium in order to protect them. However, some individuals and businesses are deterred by the high costs of insurance, which is why we are going to look at why insurance for couriers is so high.
One of the main reasons that courier insurance for parcel delivery services is expensive is due to the security risk that is in place due to the amount of time a parcel spends on the road. With the risk of accidents, theft and human error, ensuring that a parcel is ensured no matter the cost can help to guarantee that you are fully compensated.
Remember, you don’t have many rights when it comes to sending a parcel if you do not take out separate insurance, and if that parcel becomes lost then there is nothing you can do, except submit a complaint. Parcel delivery couriers do not want to have to pay out in the event of human error or a stolen parcel, and as such push their premiums higher to deter potential customers.
Should You Consider Insurance For Your Parcel?
Knowing whether or not you should consider insurance is entirely dependent on the item that you are sending in the mail. Whether it is a belated gift that is likely to mean a lot to a relative and therefore has sentimental value, or if it’s a valuable item, then you may want to consider insuring it. If, however, it is just a small item that isn’t worth as much as the insurance is set to cost, then you’re probably going to be deterred from taking it out. When deciding whether or not to consider insurance for a parcel, take cost into consideration, personal value, and also convenience.
The risk of theft for a parcel delivery is high due to the amount of time a van is left unattended on the road during the delivery round with parcels inside, and also due to the amount of time spent on the road. Make sure that the insurance truly is worth it prior to signing up.
Making A Claim For A Lost Parcel
Each courier will have their own requirements when it comes to making a claim for a parcel, and some companies will not deal with a claim until a certain amount of time has gone by. Royal Mail, for example, will wait up to 10 days from when an item was meant to be delivered, before considering it as misplaced or stolen. If it is sent by Royal Mail Special Delivery Guaranteed by 1 pm, then they will wait up to 5 working days. Submit the claim to the courier directly, and they will deem whether or not the compensation is worth paying out, and it will be based on how much you have paid on your insurance and the delivery option you chose.
At Parcel Delivery, we always recommend taking out insurance for your parcel to guarantee that you will be compensated in the event that it is stolen or misplaced. Although the overall insurance for couriers can be expensive, with the use of a price comparison website such as Parcel Delivery, you are able to find the best price for parcel delivery as well as the insurance, no matter where you are looking to send your parcel to.