How much does it cost to insure a parcel?

Solarjunkie | 23:36 Sun 08th Jan 2006 | Business & Finance

2 Answers

I have had no luck searching on Royal Mail or Post Office, I know it is possible to pay extra to insure a parcel for �100, �250 or �500, but I cannot find how much this costs.

TIA

Where to put it ?

upgrade

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kempie

Using this postal calculator ...

If you send a parcel using Royal Mail Special Delivery� Next Day (guaranteed before noon delivery) it is automatically covered for loss or damage of �500 which can be increaseded to �1000 or �2500 and you can purchase consequential loss up to �10,000.

e.g. a 1 kg parcel to a UK destination would cost

�5.35 (�500 compensation)
�5.80 (�1000 ... )
�6.70 (�2500 ... )

Having checked other weights of parcel it appears that the upgrades are fixed amounts of

�500 → �1000 = 45p
�1000 → �2500 = �1.35

kempie

As a comparison with Royal Mail Standard Parcels (delivery aim 3 days) for a 1 kg parcel

Automatic �30 comp. = �3.60
Upgrade to �100 ... = �4.35
Upgrade to �250 ... = �5.35
Upgrade to �500 ... = �6.60

So from �250 up it is cheaper to use the faster service with higher compensation!

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