ups insurance cost is a crucial factor to consider when shipping valuable items. UPS offers a range of shipping insurance options to protect packages during transit. The cost of UPS insurance is based on the declared value of the items being shipped. For example, if you are sending an item worth $500, the cost of insurance will depend on UPS’s rate for that value. Insurance provides coverage in case the package is lost, damaged, or stolen during transit. It’s important to understand the terms and conditions of UPS insurance to ensure your shipment is adequately protected.