10/4/2023 0 Comments Fedex add insuranceIf you own a lot of instruments that can save money if markets are fairly flat or you feel the listed coverage is adequate for what you'd need if something did cause a claim.ĭylankai wrote:Quick question.If you have Heritage Ins., will they cover a loss if the guitar is being shipped to you from say 1. So if I buy something that needs to be shipped as soon as I add it to my policy with pictures and a listed value I'm covered which is your best option as some have already mentioned.ĭeductibles are also very reasonable and I'm also not required to redo appraisals all the time unless I chose to. What I like is that Anderson clearly covers shipping including new purchases from the moment an instrument is acquired, clearly stated in their policy and with no limitation related to frequency of shipping. In my situation I'm located outside the USA which I think was the main factor for one. I've used both and rates and terms were different so shopping around might be worth while. They are based in the USA, also cover diminished value and specialize in professional and non professional musical instrument coverage around the world. Heritage, on the other hand, also covers the diminished value of the instrument after the repairs. Since Heritage is always brought up here I just wanted to also mention Anderson Insurance which someone on the Forum passed on to me as a lead a few years back. Here are the links to the Fed Ex and UPS terms of service:Īs both FedEx and UPS say in their terms (and as Slim wisely advised above), anyone who wants actual shipping insurance should go to an insurance provider. Third, if UPS (and probably FedEx too) decides to admit liability for a damaged guitar after you've paid for a higher liability limit, they're explicit that they pay the least cost alternative-you might consider your guitar "totaled" and expect full reimbursement to replace it, but they don't have to pay more than the cost of repairs. They limit their liability to $1000 for "Guitars and other musical instruments that are more than 20 years old, and customized or personalized musical instruments." Presumably, you should be able to pay for increased liability limits for newish factory guitars that aren't custom models. Second, FedEx places special liability limits on certain guitars (the ones we care about most). If your guitar is truly insured during shipping (as in through a third party), you get paid no matter who is at fault. Unfortunately, they decide who was at fault. They still have to admit liability for damage before they pay, so who is at fault matters. Rather than insure your guitar, they allow you (in some circumstances) to pay them to increase the dollar limits of their liability. Shippers desiring cargo insurance, all risk insurance, or another form of insurance should purchase such insurance from a third party." They say "When a shipper declares a value in excess of $100, it does not receive any form of insurance. (In fact, in FedEx's terms of service, they say in all-caps "WE DO NOT PROVIDE INSURANCE COVERAGE OF ANY KIND.") neither UPS nor FedEx offers insurance of any kind. The info below is from an earlier thread on the subject. The limit you're referring to is actually $1000.
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