ShipYourReptiles has an On-Time and Live Arrival Insurance program that is self funded. Nothing is paid by FedEx (to either the user or SYR), it is paid by SYR directly.
ShipYourReptiles Insurance covers the cost of your shipment if it's delivered late, and it covers the value of the animal if it's delivered late and dead.
You can read the particulars at this link:
http://www.shipyourreptiles.com/en/g.../#question-119