does ups ground have insurance? Yes, UPS Ground does offer insurance coverage for packages, but it is typically limited to a certain value. UPS provides a basic level of coverage for lost or damaged items, and additional insurance can be purchased for more valuable shipments. The amount of coverage available depends on the declared value of the goods being shipped. For higher-value items, it’s recommended to purchase additional shipping insurance to ensure that you are fully covered in case of loss or damage during transit.