Hello anthonyd462,

Thanks for your question. For more information about how insurance works with our new shipping label system, please refer to our help page dedicated to this [URL removed]

https://support.bonanza.com/hc/en-us/articles/360001346552-Shipping-on-Bonanza

If you have any other questions or concerns Please feel free to contact our support team using the “Help” drop down menu at the top of any Bonanza page, or by sending us an email to [email protected].

Thanks!

Thank you for asking, anthonyd462. There was a delay in adding the additional insurance options to Bonanza Shipping. Happily, this is now active as of November 10, 2023. Here is an overview of what to expect, but you can also learn more here https://support.bonanza.com/hc/en-us/articles/360001346552#h_01HEP6F3M4TSQPW9T1QAVDV0FX

Shipping insurance options vary depending on the service used.

USPS Priority Mail and Ground Advantage packages are automatically insured for up to $100 at no additional cost. For $100 and under with no declared value stated in the shipment, sellers can make a claim using the USPS website.

If the package is worth more than $100, you can purchase additional insurance at the time you purchase the shipping label. If the package has a shipping value greater than $100, you must input a declared value when purchasing the label.

The shipment will be charged 50 cents for the first $100 of declared value and .005 * the amount over $100. Sellers can file insurance claims by following the instructions on this page.

Sellers can purchase U-PIC shipping insurance for FedEx and UPS shipments.

The U-PIC insurance program requires that the shipper input declared value amount and charges 40¢ for every $100 of declared value. So, if the shipper declares the value of $150, the charge is 80¢.

If no declared value is input at the time of shipping, the carriers provide up to $100 of insurance for free. The shipper will have to login to the appropriate carriers’ website and start an insurance claim.