one time shipping insurance is a type of insurance that covers the value of a specific shipment for a one-time fee. This insurance is typically purchased when sending high-value or fragile items that may be at risk of damage or loss during transit. The coverage amount usually corresponds to the declared value of the package, ensuring the sender can recover the cost of the item if it’s lost or damaged. Many shipping carriers, such as USPS, UPS, and FedEx, offer one-time shipping insurance as an add-on service.