FedEx Declared Value: What You Need To Know

Many shippers contact us with questions about shipping insurance. To start, FedEx does not offer shipping insurance. FedEx offers additional declared value. So let’s get a better idea of the rules for FedEx declared value.

Estimated reading time: 4 minutes

• FedEx Declared Value Cost for 2024
• Declared Value is NOT shipping insurance
• FedEx Maximum Declared Values
• FedEx Declared Value $1,000 Limitations
• Declared Value does not mean full price
• Deadline for Claims
• FedEx Declared Value Conclusion

FedEx Declared Value Cost for 2024

When you use FedEx declared value, the cost is based on the item’s value. Coverage is free for the first $100 of value, so you pay no additional fees. Many shippers are not aware of this. If the declared value is even one penny over $100, the cost is a minimum of $4.20 up to a value of $300.

Also, if the declared value is over $300, the cost will increase by $1.40 per $100 of the declared value. For example, if your shipment is worth $301 to $399, the price will be $5.60 total for the FedEx declared value fee. The cost is the same for a package with a value of $305 or $395.

FedEx Maximum Declared Values

• 1 Day (Overnight), 2 Day, or 3 Day (Express Saver): maximum declared value per shipment is $50,000.
• FedEx Ground and FedEx SameDay: the maximum value per shipment is $2,000.
• First Overnight, FedEx 1Day, 2Day, or 3Day Freight: the maximum declared value per shipment is $50,000.
• The maximum declared value for any FedEx Envelope or FedEx Pak is $500.
  • Goods with a value (actual or declared) exceeding $500 should not be shipped in a FedEx Envelope or Pak.

  FedEx Declared Value $1,000 Limitations

  Individual packages with the following items are limited to a maximum declared value of $1,000:

  1. Artwork, paintings, drawings, vases, limited-edition prints, fine art, statuary, sculpture, and collector’s items
  2. Any film, photographic images, negatives, chromes, and slides
  3. Any commodity inherently susceptible to damage or the market value is variable or difficult to ascertain
  4. Antiques, furniture, tableware, and glassware
  5. Plasma screens
  6. Jewelry or Furs
  7. Precious metals (gold, silver, or platinum)
  8. Stocks, bonds, cash letters, or cash equivalents (stamps, traveler’s checks, lottery tickets, money orders, gift cards)
  9. Collector’s items (coins, stamps, sports cards, souvenirs, and memorabilia)
  10. Guitars and other musical instruments – over 20 years old and customized
  11. Scale models and prototypes

  Declared Value does not mean full price

  Regardless of the shipment’s value, FedEx’s liability for loss or damage will not surpass the repair cost, depreciated value, or replacement cost, whichever is less. FedEx will pay out the smallest amount, even if that means more work for you.

  Also, the declared value does not cover any loss from loss of profit or income. Even if FedEx has full knowledge that a delay or damage will result in a loss of profit.

  Deadline for Claims

  • Express – FedEx must receive notice of a claim due to damage, delay, or shortage within 21 calendar days after delivery of the shipment.
  • Ground – The sender or recipient must notify FedEx Ground no later than 60 days after the date of delivery.

  FedEx Declared Value Conclusion

  Stay tuned for our next post in which we will cover UPS declared value fees, then look at some way to lower these costs. UPS also does not provide shipping insurance, to be clear. How much do you spend on declared value fees? Refund Retriever’s reports can give reveal shipping intelligence your company needs. Our declared value report will provide you with the amount spent and a complete list of all the tracking numbers with this surcharge.