How does Declared Value work for UPS and FedEx shipments?

FedEx and UPS shipments are automatically protected up to $100 for loss or damage, but if you require more protection then you will need to declare a higher value for protection and pay an additional charge.

For UPS and FedEx, the declared value of a package represents the maximum liability for the package in the case of loss or damage. If no value is declared, the maximum liability for loss or damage to a package or international shipment is US$100 (or the equivalent in local currency).