subject: If My Shipment Is Damaged While Being Transported, Is It Insured? [print this page] One of the things that you always need to make sure of when shipping with a courier company is that your orders are completely insured anytime they are in transit. The good news is that if a Santa Clarita delivery company didn't have a great deal of insurance on your goods, there is no way that they would be able to stay in business. Simply by virtue of having any kind of company history, a courier company is telling you that they have insurance on their shipments.
This isn't vehicle insurance which is going to protect your cargo if it should be damaged somehow while it is being shipped. Instead, it is a specialized type of insurance which is unique to the courier industry, simply known as courier insurance. This is an insurance product which has been designed by the insurance companies to cover the value of goods that delivery companies are moving for their clients.
This kind of insurance covers the value of those goods in the case of almost any eventuality that would cause you a financial loss. For instance, physical damage to your products in most cases will be covered. Things which are damaged due to a vehicle accident, being dropped by a courier, weather damage, or damage from water such as a sprinkler going off in a terminal are all going to be covered.
The insurance also covers other forms of loss which could also conceivably affect your package in some way. If the package was to get lost while being delivered somehow, miss-delivered with no chance of recovery, or to be stolen, the policy that the courier company has in place should cover all of those problems as well.
While it almost goes without saying that your courier company should have insurance which will cover the value of your goods while in transit, it is important to note that there is at times a shortage in the value of that insurance. This is really only a situation that applies to people that are shipping very valuable goods. If you were shipping jewelry, for example, with a courier, you might find that the maximum insurance value would not protect the total value of your goods. In that case, you would have to either buy an extra insurance policy of your own through your broker, or see if the courier company's carrier has an option for you to add coverage.
