Free Insurance for Priority Mail?

Standard

Good news for shippers if true.  It still needs to be approved, so it may be a while away.

U.S. POSTAL SERVICE
Sales Communications – News You Can Use

May 8, 2013

USPS New Proposed Priority Mail
Enhanced Insurance Coverage
The Postal Service will soon file a request with the Postal Regulatory Commission (PRC) to provide enhanced insurance coverage with Priority Mail. The goal of this change is to improve the competitiveness of our Priority Mail product.
If the enhanced insurance proposal is approved, insurance coverage will be provided free of charge at a level of either $100 or $50 (depending on the method of payment used). Additional insurance coverage may still be purchased above these amounts. This change will not impact our other package offerings, including Express Mail or our International services.
Since the Postal Service will be decreasing the price of insurance for most Priority Mail items, this change will have minor price cap implications for the Special Services class of mail which will be set forth in our filing
Additional information will follow in the coming weeks. Please feel free to share this message with other interested stakeholders.
                                                                    — Consumer & Industry Affairs

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