UPS Capital to provide insurance solution for Roadie shipments

UPS Capital has announced that it is providing Roadie with a parcel insurance solution that will protect items shipped via the Roadie community with a value up to $10,000. Launched in January 2015, Roadie describes itself as a “neighbor-to-neighbor delivery network” – which broadly means it is a crowdsourced delivery company. Roadie says that it uses its app to “put unused capacity in passenger vehicles to work by connecting people with stuff to send with drivers heading in the right direction”.

“While Roadie provides a new way of shipping items, senders still need to know that their valuable goods are protected during transit,” said Ronald Chang, president of UPS Capital. “With our extensive experience in secure transport, UPS Capital provides Roadie the ability to assure senders that their shipments are protected.  UPS Capital is a leader in using new technologies and innovative programs to help companies like Roadie protect their customers’ goods.”

Roadie automatically protects items with a value up to $500 at no additional charge. Previously, Roadie senders could add an additional $2,500 in protection for an extra fee of $5 per each additional $500 in value. Now, Roadie offers senders the opportunity to protect shipments with up to $10,000 in value under a parcel insurance policy issued to Roadie through UPS Capital Insurance Agency.  As a result, Roadie senders can elect to protect a $5,000 item for $45.

“With the expertise UPS Capital provides in secure logistics, Roadie senders have even more peace of mind that their items are protected,” said Marc Gorlin, founder and chief executive officer of Roadie. “Giving our senders increased confidence that their shipments are protected is just one more way the Roadie community is winning loyal customers and providing another way for people to ship items.”