My understanding is that FedEx "insurance" is only insurance that they won't lose the package. And that they only way for them to "insure" the contents is for them to actually pack it. I could be wrong...there's always a first time ;-)
Not exactly but they are "self insured" (any claim payments come out of their bottom line) and, if UPS is any indicator, will result to underhanded and deceitful tactics to avoid paying a claim.
Unfortunately I have direct experience with UPS after they destroyed a pair of fully-insured Apogee Duetta Signatures. I will spare you the details but it was ugly and they were shameless in their actions.
Double boxed, wrapped, strapped on a pallet shipped freight. Fair warning, some freight carriers get kinda rough with shipped goods. To the driver it is just another load to carry and deliver. My direct experience. All the more reason to take a lot of precautions.
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