Is Parcel Insurance Worth It?
Many people hesitate before subscribing to a parcel insurance. For many, it can feel frustrating to pay an additional fee for something you might never use — in reality, you’re paying for peace of mind, hoping you won’t need it!
Is Parcel Insurance Really Worth Spending the Money?
In short: yes and no. It mainly depends on what you are sending and how much it’s worth.
For instance, a shipment containing a fragile item like an art piece can easily be damaged during transit. In this case, subscribing to a shipping insurance guarantees that you will be compensated if your item is damaged, lost, or broken. If you are sending something very valuable, such as a high-tech device or a luxury watch, insuring it is a safer and more cost-effective approach to protect yourself against potential loss.
However, when your item is worth under a hundred euros and is not fragile, insuring it may not be necessary since the insurance cost can be high compared to the item’s value. Many people consider the chances of loss or damage too low to justify the expense. Still, you can never be too safe!
There are many different insurance providers offering parcel insurance, so it’s important to know exactly what they cover — or exclude. Most carriers limit their insurance coverage to items worth under a few thousand euros and have numerous exclusions. For example, phones, jewelry, and watches are among the most common items excluded from carrier-provided coverage.
At Secursus, we’ve made a point of keeping our list of exclusions as short as possible. Whether you’re sending tech products, luxury watches, handbags, jewelry, or even art pieces, you can insure them with us. We cover items worth up to £90,000 with a fixed rate of 1% of their value — and if your parcel is actually lost or damaged, you’ll be fully compensated with no deductible.
2025 Update: According to the European Parcel Security Index 2025, claims related to high-value shipments increased by over 12% year-over-year, emphasizing the growing need for dedicated shipping insurance.
If you’d like to learn more about how to insure your parcels with Secursus, please visit our website.
