Third-party shipping insurance isn’t one size fits all. Your shipping needs are as unique as the items you are sending, which makes it all the more important to find the right kind of insurance. Parcel insurance, which is also known as shipping insurance, is designed to protect the value of the items you are shipping from loss, theft, or damage in transit.

Carriers like USPS, FedEx, or UPS often offer shipping insurance, but it can be expensive depending on what you are sending. Carrier insurance also has exclusions that may leave your valuable cargo unprotected if something should go wrong. If you regularly send recurring shipments, ship fragile and costly items, or have other special needs based on your commodity, you may benefit from the cost savings that come with third party shipping insurance. 

Third-Party Shipping Insurance

Third-party freight insurance premiums vary depending on the insurance provider. Coverage is available through carriers like UPS, USPS, DHL, and FedEx, but costs and exclusions to coverage can vary. Although these carrier-provided insurance policies may be adequate for some shipping needs, there comes a time when third party shipping insurance is your best bet for protecting your valuable items.

There are a few deciding factors that determine how much a shipping insurance policy will cost for different packages. These factors include: 

• The value of the items being shipped
• The type of item or commodity being shipped
• The size and weight of the package
• Where the goods are being shipped from
• Where the products are going
• The method of transportation
• The history of the carrier

First and foremost, any shipping insurance policy will need to know the value of the items being shipped. The package commodity, size and weight are second-tier factors compared to the actual cost of the item inside the package. 

Carriers like USPS offer a free $50 insurance coverage on every package, but you’ll need to pay more for additional coverage if your shipment is valued at more than $50. Additionally, if your items are particularly heavy, fragile or non-traditional in size, an increase in shipping insurance may be added because of its shipping difficulty. 

Certain things need to be packaged in a specific way for a carrier to take them; for instance, some shipments require double-walled boxes and sturdy shipping tape to be used, and won’t ship a package if the requirements aren’t met. 

The origin and destination of the package are also taken into consideration when calculating shipping costs. Some carriers won’t deliver to specific locations because of unrest or a lack of infrastructure to support a shipping service. Cabrella partners with carriers around the world that can track and deliver goods to over 180 countries, providing reliable international shipping insurance for these conveyances.

The method of transport that a shipment takes will also factor into the cost. If a delivery goes via ground transportation, it will be classified as a Full Load (FL) or Less than a Truckload (LTL). A shipment may also move via air cargo, rail, or ocean, depending on the destination. With parcel, shipments can go via ground or air and insurance limits and rates may vary based on the estimated time in transit.

Finally, a carrier’s history of safely delivering packages may also affect pricing. Specific locations are at a higher risk of damage, loss, or theft. Cabrella offers an in-depth look at high-risk shipping areas and provides regular updates on shipments based on real-time location data. 

Cost Savings with Cabrella

Cabrella can offer third party shipping insurance for technology, musical instruments, jewelry, collector’s items, and much more at a fraction of the cost of other carriers. Cabrella can help reduce risk with shipping and packaging recommendations as well.

Cabrella account users can access shipping and/or shipping insurance with popular carriers like DHL, FedEx, UPS, and USPS, but are also able to take advantage of Cabrella’sproprietary technology to find the best and safest shipping arrangement for their cargo. Getting a free quote is easy, and there are no monthly shipping minimums or startup costs associated with using Cabrella’s services. 

Customizable third party shipping insurance with Cabrella means that users only pay for what they are shipping, and each shipment can be efficiently priced using Cabrella’s paperless app. Cabrella insurance covers the invoice value of the item or items being shipped, in addition to postage costs that may be associated with a shipment that is lost, damaged, or otherwise altered during transport - if requested by the shipper.

Third-party shipping insurance can be purchased as a supplement to a carrier’s existing coverage. Often people buy third party shipping insurance because their item exceeds the insurable limit set by a particular carrier. This allows your goods to be adequately protected. Although there are some exclusions to carrier insurance whereas Cabrella can cover shipments that have been affected by:

• Natural disasters
• Delivery restrictions
• International carrier restrictions
• Commodity restrictions
• And more.

Cabrella insurance has higher coverage limits, more comprehensive shipment coverage, better claims experience, access to real time underwriters - all from a seamless, easy to use, proprietary platform that allows for both insurance as well as label generation.

Cabrella In Comparison

Cabrella routinely clocks in as more affordable than USPS and FedEx, offering cheaper rates and better coverage for international and domestic shipping insurance. Cabrella users can save up to 90% of the cost of other carrier insurance by using Cabrella. 

While carriers like USPS and FedEx only offer carrier insurance up to $2,000 declared value on most standard contracts, Cabrella can provide a custom plan for more valuable items and insure up to $150,000 per parcel.

Cabrella uses its data and algorithm to help clients ship and insure packages of all sizes and values safely and as cost-effectively as possible.

Cabrella specializes in safely protecting valuable and fragile items of all shapes and sizes during transportation. Our experts have extensive experience transporting musical instruments, expensive jewelry, electronic equipment, and much more.

Whether you are shipping goods as part of your business or for others, Cabrella can offer you a quote that will meet and exceed your expectations.

Shipping Insurance with Cabrella

Cabrella offers free price quotes and custom shipping insurance solutions for packages of all shapes and sizes. The cost will vary for different types of packages based on the contents of the box and the value of the items being shipped. Custom insurance solutions mean that Cabrella will design an insurance plan to complement your logistics process and never leave you underinsured.

Cabrella’s easy to use app analyzes the best method of transporting your goods from origin to destination along the most affordable, efficient, and safe routes. The extensive data that Cabrella has allows it to offer customers unprecedented data that can be used to make better business decisions.

Cabrella has what you need to insure your items with best in class proprietary technology.

To learn more about shipping insurance and the cost of different types of packages, contact the experts at Cabrella at 844-422-2735. Our professionals will be happy to answer any questions you have.