If you are persistent, FedEx will cover the damage. It might take 20, maybe even 30 emails, faxes, and phone calls, but they will cover it. I'll spare you the details, but I had a double boxed, triple bubble wrapped antique phonograph that arrived as a crushed box of kindling wood (value was $400, and it was insured for the extra coverage). After a month of back and forth with FedEx, I received $400 AND my shipping refund.Nah, FedEx is a pain on insurance, and they'd probably want it back. But I can take photos of the damaged fiberboard if you want to give it a try.
You think FedEx is bad, try a USPS claim. It will NEVER be covered.