The insurance term itself tells the purpose of insurance policies,it applies same thing for courier or package insurance.Courier insurance provides extra protection for your package or parcel while its in shipping process until you receive your package safely without any damage.You can’t get the full protection with normal insurance policies as its out of their coverage and it does not come with their range of security,you need special insurance policy which is made specially for logistics and couriers.
The insurance policy is basically made to protect employees, cargo, vehicles against several unexpected damages.You can choose different type of insurance schemes as it depends on various factors,for an example if you choose the premium insurance then you will get the more features and your protection area will be more large.
Now the question is should you go for it ?
Yes absolutely,courier or logistics companies face lot of problems and damages during their shipping process,therefore it is always recommended to use third party insurance services.
Conclusion : Insurance term may be risky for you but it really helps when you are in trouble to recover you but you need to read all hidden terms and condition properly before using any kind insurance policies and schemes.