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In the checkout, the calculated subtotal of the customers checkout will be $328.93.
However, since the item is configured with a COGS, the calculated value “Package Insurance Value” of the checkout based on the cost of goods sold is only $258.93.
So, in this situation the signature threshold has not been met and would require a qty of 8 of the checkout item to reach the signature requirement threshold.
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Insurance percentage if COGS not specified setting in the Checkout Options tab of the Shipping Configuration If the items do not have a configured COGS, there is a global setting that may take affect. This checkbox setting is located within the Checkout Tab of the Shipping Configuration area, labelled as “Insurance percentage if COGS not specified ____”. (See example of configuring the Insurance percentage to 70. |
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