Yes, but how much protection you have depends upon the value protection program you choose – Full-Value Protection or Released Value Liability (+/-60 cents per pound per article). We highly recommend insuring your goods against loss or damage because if you don't and something went wrong, you will absorb the cost of replacement alone.
Ask yourself this question: "How Much Will It Cost You To Replace The Goods You Are Shipping?" That is the amount you should include in your quote request, it is a small price to pay for your peace of mind.
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