When you're shipping anything with a San Francisco delivery company, you are always going to have to fill out certain items on their forms before you can actually move your goods with them. One of the things that you're going to have to fill out is known as the "declared value" of your goods. Declared value is an important concept to understand because it is not the actual value of your goods, although at times it may be. The times it will not be is when the value of your goods exceeds the maximum allowable declared value permitted by your courier company. The most you can list as your declared value will be the maximum value that the courier's insurance will cover your packages for in the event of something happening to damage your shipment.
First of all, the maximum declared value that you can mark down might differ depending on which service you are using. Most courier companies have a variety of different courier services available. To illustrate the point, look at it this way. The average value of a package transmitted by bike courier and a full trailer load of cargo are grossly different. In order to compensate for this difference, the insurance company and the courier will have worked out a different maximum declared value possible for each of the different shipping options the courier makes available to you.
There is many times that the actual value of goods being shipped can greatly exceed that of the maximum declarable value that the insurance company allows shippers to state with the courier company. In these cases, there are options available which allow for companies to purchase additional insurance to protect their goods further, up to their actual value. This is something that is important to look into, because if your goods are damaged you will not be compensated for more than the declared value, which could represent a massive loss in the case of companies who are shipping extremely valuable goods.
Some courier companies have insurance companies that they work with closely in order to provide the best possible rates for those who need to purchase extra insurance for their shipments. This can save you money unless your company also happens to have an existing good working relationship with an insurance company that can provide you with a discounted rate by bundling added courier insurance with your existing policies with the company.
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