Declared value is not insurance. The declared value of your shipment indicates UPS's maximum liability for a package that is lost or damaged. UPS's liability is limited to US$100.00 (or local currency equivalent) on packages with no declared value. You can choose to declare a higher value for your shipment up to the maximum allowed in your country or territory, by entering a declared value in the shipping system used and paying an additional charge. When you declare a value in excess of $100 (or local currency equivalent), you do not receive any form of insurance. Shippers desiring cargo insurance, all risk insurance, or another form of insurance should purchase such insurance from a third party*.
Limits on declared value and restrictions on UPS's liability (including for packages not adequately packaged) are described in the UPS Tariff/Terms and Conditions of Service, available at ups.com. For non-U.S. origin shipments, please refer to the UPS Terms and Conditions of the origin country.
*Shippers located in the U.S. that want to purchase cargo insurance, all risk insurance, or another form of insurance for their shipments may wish to contact UPS Capital Insurance Agency, Inc. by calling 1-877-242-7930 8 a.m. - 8 p.m. Eastern to inquire about insurance opportunities.