If my package is lost or damaged, does insurance pay the full declared value?

Not always. Insurance payouts are based on the lesser of the declared value or the item’s estimated value at the time it is retrieved.

Examples:

• Declared $10,000, estimated value $500 → payout is $500

• Declared $100, estimated value $500 → payout is $100

Tip: To ensure full protection, declare a value that reflects the item’s true estimated worth.

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