Registered Mail Insurance
What Does Registered Mail Insurance Mean?
Registered mail insurance is insurance that provides coverage for losses that can accumulate through sending mail through a postal service. Registered mail losses can accumulate if mail is destroyed, lost, or stolen.
Insuranceopedia Explains Registered Mail Insurance
Not everyone who ships mail purchases registered mail insurance. However, when people ship items that are on the more valuable side, they may opt to purchase it.
For example, if someone is shipping a bar of gold from California to Delaware that is worth $10,000, it might be wise to purchase registered mail insurance. They would then be covered in the even that the bar was damaged, stolen, or lost, as long as there are no relevant exclusions in the policy.