how to insure a fedex package Insuring a FedEx package is a simple process that can provide peace of mind when shipping valuable items. To add insurance, you can select the option during the online checkout or at a FedEx location. The insurance cost depends on the value of the item being shipped and the type of service used. FedEx offers different levels of coverage, and it’s important to declare the correct value to ensure you’re fully protected. Additionally, tracking and proper packaging can help minimize the risk of damage during transit.