Insurance on flat rate boxes

[theleyline]

Sorry for this really dumb question, but I'm using a large flat rate box and I see that it says it covers insurance up to $50... is that $50 referring to the cost of the item or the cost of the insurance? For example, my item is $400 which normally costs a little under $10 in insurance. Is the LFR box going to cover that $10 or is it just covering the first $50 of the item's value? Thanks

[nuclearomen]

cost of item, you can always add more if needed, the check box is at the bottom of the page right above the "Purchase" button

[koinonia215]

For a $400 purchase, I would definitely pay the extra needed for it to be fully insured. The $50 is the insurance only for the item, it does not go toward the cost of postage or insurance. You don't get reimbursed for either of those if a claim is filed.

[cream_couture]

It's $50 of the item's value. If I were you, I would insure via a third party shipping insurance company. It is cheaper and easier to process claims. I use Shipsurance, but there are other companies. 

[nobody*s_perfect]

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@koinonia215 wrote: .... The $50 is the insurance only for the item, it does not go toward the cost of postage or insurance. You don't get reimbursed for either of those if a claim is filed.

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If the package is lost, then USPS will reimburse the postage cost as well as the item's documented value.  See section 5.4:

https://pe.usps.com/text/dmm300/609.htm#ep1097274