shipping insurance

{{more references|date=September 2015}}

{{Admiralty law}}

Shipping insurance is a service which may reimburse senders whose parcels are lost, stolen, and/or damaged in transit.

In Canada and the US, shipping insurance is offered by postal services, courier companies, and shipping-insurance companies. Not all insurers will insure all goods. For example, postal services may not insure certain economy-class parcels for free, and some items cannot be insured.{{Cite web |title=Shipping Insurance and Delivery Services {{!}} USPS |url=https://www.usps.com/ship/insurance-extra-services.htm |access-date=2024-05-08 |website=www.usps.com}}

First-party shipping-insurance services offered by postal services and courier companies may have many more restrictions than third-party shipping-insurance services. First-party insurance services may not pay out on claims unless the item was packed very carefully. Claimants also may need to provide proof of an item's value.See: {{cite web|title=Re: Is shipping insurance worth it?|url=https://ask.metafilter.com/21747/Is-shipping-insurance-worth-it#350613|website=Ask MetaFilter |publisher=MetaFilter Network, Inc.|language=en}}

When practical, self-insurance is normally more economical than paying for insurance; see Insurance#Limited consumer benefits.