While the vast majority of eCommerce items are insurable, there are exceptions that can vary from carrier to carrier and insurer to insurer. Some commonly uninsurable items include:
- Currency and other financial instruments
- Hazardous materials
- Gemstones
- High-value items, which may have a lower coverage limit than other items; for example, FedEx limits the value of artwork, antiques, and flat screen TVs to $1,000
Other items may have special limits on value or liability; for example, some providers require signature confirmation to insure certain high-value items. For more information on excluded items, visit http://bit.ly/InsuranceRestrictions
Finally, you may not be able to insure shipments to certain destinations, such as North Korea and Iran. For more information on this, see:
http://bit.ly/ExcludedCountries
http://bit.ly/InternationalShipments
Next: Shipping Insurance: Coverage Limits, Included Amounts
This article is an excerpt from The eCommerce Seller’s Guide to Shipping Insurance
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