Comparison
Singapore Post Insurance vs CIO Cargo Insurance
Understand the differences between Singapore Post declared value / speedpost insurance and CIO Cargo Insure Online — compare costs, coverage limits, exclusions and claims handling.
Couriers
Singapore Post
Singapore's national postal and e-commerce logistics provider.
About Singapore Post
- Overview
- Singapore Post (SingPost) is the designated public postal licensee for Singapore.
- Headquarters
- Singapore
- Countries served
- Worldwide via postal network and e-commerce hubs
- Services offered
- Domestic mail, SpeedPost, international e-commerce logistics.
- Typical users
- Asian e-commerce sellers, cross-border merchants.
Insurance overview
| Coverage type | Declared Value / SpeedPost Insurance |
|---|---|
| Maximum coverage | Up to SGD 10,000 with SpeedPost insurance |
| International coverage | Yes |
| Domestic coverage | Yes |
| Claims process | File within 14 days of expected delivery with invoice and packaging proof. |
| Major exclusions | Cash, jewellery, perishables, dangerous goods. |
Premium comparison
| Shipment value | Singapore Post cost | CIO cost | Savings |
|---|---|---|---|
| USD 1,000 | USD 25.00 | USD 5.00 | Save USD 20.00 (80%) |
| USD 5,000 | USD 125.00 | USD 22.50 | Save USD 102.50 (82%) |
| USD 10,000 | Not covered (over limit) | USD 45.00 | CIO covers full value |
| USD 25,000 | Not covered (over limit) | USD 112.50 | CIO covers full value |
| USD 50,000 | Not covered (over limit) | USD 225.00 | CIO covers full value |
| USD 100,000 | Not covered (over limit) | USD 450.00 | CIO covers full value |
Indicative estimates based on published carrier rate cards and a CIO illustrative rate of 0.45%. Actual premiums depend on commodity, lane and risk; request a live CIO quote for binding figures.
Why businesses choose CIO
| Feature | Singapore Post | CIO |
|---|---|---|
| Independent insurance | ||
| Multi-carrier coverage | ||
| Door-to-door protection | ||
| International shipments | ||
| Freight coverage | ||
| Parcel coverage | ||
| API integration | ||
| White-label available | ||
| Instant certificates | ||
| Cargo specialists |
Coverage comparison
What Singapore Post covers
Declared Value / SpeedPost Insurance up to Up to SGD 10,000 with SpeedPost insurance.
Excludes: Cash, jewellery, perishables, dangerous goods.
What CIO covers
All-risk cargo insurance on a door-to-door basis (Institute Cargo Clauses A), with limits up to USD 5M+ per shipment subject to underwriting.
Includes general average, war & strikes (extension), and shipments across all major couriers, freight forwarders and modes.
Common claims examples
Lost package
Singapore Post outcome
Compensation up to declared value, after investigation period and proof of value — often denied without purchased coverage.
CIO outcome
Full insured value paid, subject to ICC(A) and policy terms, typically settled within days of documented loss.
Water damage in transit
Singapore Post outcome
Often excluded unless attributable to carrier negligence; weather and force-majeure events commonly declined.
CIO outcome
Covered under all-risk cargo terms, including weather-related incidents and concealed damage.
Theft during transit
Singapore Post outcome
Covered only with purchased declared value and provided packaging requirements were met; routinely contested.
CIO outcome
Theft and pilferage included as standard under ICC(A) with broad door-to-door cover.
Misdelivery
Singapore Post outcome
Liability limited to convention caps (Warsaw / Montreal / CMR) unless declared value purchased.
CIO outcome
Insured value paid, with the insurer pursuing recovery against the carrier on your behalf.
Handling damage
Singapore Post outcome
Frequently excluded when packaging is deemed insufficient by the carrier; burden of proof on shipper.
CIO outcome
Covered subject to reasonable packaging standards; expert surveyors handle damage assessment.
Warehouse incidents (pre-shipment)
Singapore Post outcome
Not covered — carrier liability starts on pickup and ends at delivery.
CIO outcome
Covered under door-to-door extension including limited storage and consolidation periods.
Singapore Post insurance FAQs
›Does Singapore Post insure international parcels?
Yes, via SpeedPost insurance with limits up to SGD 10,000 depending on destination.
Protect your shipments beyond carrier liability
Get instant cargo insurance quotes with CIO Cargo Insure Online — independent, multi-carrier, door-to-door.