Chit Chats Insurance is priced based on the insurable value of your shipment. Two factors determine the insurable value:
- Declared retail value
- Cost of postage.
All eligible postage purchased on the Chit Chats platform is by default, opted into a maximum of $100 USD loss or damage coverage starting at $0.35 CAD.*
Should the insurable value of the shipment be greater than $100 USD, additional coverage is available for $0.70 CAD per each additional $100 USD.
Ex. A USPS shipment with a declared retail value of $90 USD and postage of $20 USD, would have an insurable value of $110 USD. The cost of the insurance would then be $1.05 CAD.
Maximum insurable values for Chit Chats Insurance will depend on the service used:
- $800 USD for shipments sent via the U.S. (e.g. USPS, UPS MI & Asendia).
- $2,500 CAD for Chit Chats Canada Tracked shipments.
*Insurance is not charged tax.