How Much Does ShipTime Insurance Cost?

ShipTime Insurance helps protect eligible shipments against loss or damage and can be added when creating a shipment in ShipTime.

Coverage costs depend on the declared value of the shipment and whether the shipment is to, from, or within Quebec.

ShipTime Insurance pricing outside Quebec

For shipments not originating from, destined to, or moving within Quebec:

• Declared value from $1 to $100: Insurance is included at no additional cost.
• Declared value over $100: $1.50 per $100 of declared value, with a minimum charge of $2.50.

Example

For a shipment with a declared value of $260:

• $260 ÷ $100 = 2.6
• 2.6 × $1.50 = $3.90
• Total insurance cost: $3.90

ShipTime Insurance pricing for Quebec

For shipments to, from, or within Quebec:

• Declared value from $1 to $100: Insurance is included at no additional cost.
• Declared value over $100: $2.00 per $100 of declared value, with a minimum charge of $2.50.

Example

For a shipment with a declared value of $260:

• $260 ÷ $100 = 2.6
• 2.6 × $2.00 = $5.20
• Total insurance cost: $5.20

What are the coverage limits?

For parcel shipments:

• Standard maximum coverage per parcel: $5,000
• Maximum coverage per shipment/order: $100,000

The following carriers may support increased coverage of up to $10,000 per parcel:

• FedEx
• Purolator
• UPS
• Nationex

What are the coverage limits for LTL shipments?

For LTL freight:

• Maximum coverage per pallet: $10,000
• Maximum coverage per shipment/order: $60,000

Can I use ShipTime Insurance on BYOR shipments?

Yes. ShipTime Insurance can also be used with eligible Bring Your Own Rates (BYOR) shipments.

ShipTime handles the insurance charge, while the carrier continues to handle the transportation charges associated with your own courier account.

Important things to know

• Shipments without a declared value are not insured.
• Coverage is subject to ShipTime Insurance terms, conditions, exclusions, and eligibility requirements.
• If the requested coverage exceeds the available ShipTime Insurance limit, a carrier may offer its own declared-value or coverage option.
• Always review the coverage shown during shipment creation before purchasing the label.

Why use ShipTime Insurance?

ShipTime Insurance offers:

• Easy setup: Add coverage while creating your shipment.
• Coverage for eligible parcel and LTL shipments: Protect shipments based on the applicable coverage limits.
• BYOR compatibility: Add eligible ShipTime Insurance coverage even when using your own courier rates.
• Simplified claims: Claims for eligible insured shipments can be managed through ShipTime.

You can learn more about ShipTime Insurance.

If you have questions about coverage or whether a shipment is eligible, contact our Heroic Support™ team.