Reply by pierce85

FYI – UPS does not offer insurance for packages. Most people think they’re buying insurance for their packages with UPS but they’re not. What you are buying is the right to declare a particular value above the undeclared maximum liability loss of $100. The nightmare of filing a claim with UPS is well known, and as far as I’m concerned it’s one of the biggest scams in the shipping industry – do a Google search.

From the horse’s mouth – http://www.pressroom.ups.com/Fact+Sheets/ci.UPS+Declared+Value+Q%26A.print

The USPS, on the other hand, does provide their customers with real insurance for their packages.