FedEx adds surcharges to handle insurance based on the declared value of a package. When you submit a shipment through Squirrelcart, you can specify the declared value for that shipment. You can also specify the declared value on a per product basis provided you check the "ship as a separate package" checkbox on a product's record.
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This field comes into play when you have not specifically designated a declared value for a product. When this field is checked, Squirrelcart will add the total cost of the items in the package together, and submit that amount as the declared value. This can help to make the shipping costs more accurate when you are not using the "ship as a separate package" option.
<br><br>Please refer to the documentation for more information.
