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

Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...

and the US, shipping insurance is offered by postal services,

courier A courier is a person or organization that delivers a message, package or letter from one place or person to another place or person. Typically, a courier provides their courier service on a commercial contract basis; however, some couriers are ...

companies, and shipping-insurance companies. Not all insurers will insure all goods. For example,

postal services The mail or post is a system for physically transporting postcards, letters, and parcels. A postal service can be private or public, though many governments place restrictions on private systems. Since the mid-19th century, national postal sy ...

may not insure certain economy-class parcels for free, and some items cannot be insured. 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: When practical,

self-insurance Self insurance is a risk management method in which an organization that is liable for some risk does not take out any third-party insurance, but rather chooses to bear the risk itself. When used prudently, the organization that self insures sets ...

is normally more economical than paying for insurance; see Insurance#Limited consumer benefits.

References

Types of insurance {{philately-stub

See also

References