I was told some years back that FedEx had changed their policy
about insurance, and that any amount is available.
I’ve written about this before, but let me review it one more time.
Yes, Fed Ex has a special insurance program that they call DVX (I
believe it stands for Declared Value Fed Ex). This is NOT available
unless you sign a special contract with them and agree to a variety
of terms and conditions, including but not limited to: types of
shipping service, method of packaging, time frames for declaring
losses, using a computer for creating air bills, when you can ship,
etc. They will insure up to $50,000 under certain circumstances if
you follow their rules and regulations. You MUST sign a formal
contract with them. You CANNOT get it if you just walk up to a Fed
Ex place and ask for it. As it happens, even a lot of Fed Ex
employees don’t know about the program (I believe they do this on
purpose so less people know where the high value packages are
traveling from and to). They will NOT pay out more than $500 to
someone, on a normal basis, if you have not signed a contract. In
order to get a contract you must contact your local Fed Ex account
manager and ask them. They will have someone from the DVX program
contact you and set everything up.
Daniel R. Spirer, G.G.
Daniel R. Spirer Jewelers, LLC
1780 Massachusetts Ave.
Cambridge, MA 02140