Do you max out your value when you ship UPS or FEDX

incrediblegamez

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Do you max out your value when you ship UPS or FEDX

Being that these shippers offer $100 free insurance with their shipping, do you maximize value of your items since they are obscure and not made anymore?
 
Being that these shippers offer $100 free insurance with their shipping, do you maximize value of your items since they are obscure and not made anymore?


I had UPS freight destroy my Cocktail machine. Its in claims now. You could insure something for $1000 bucks, and it may be worth it because its a rare item. The sad truth is your prob not going to recoop a penny more than you paid for the item. They want to know what you paid for it, not its true value.
 
Do you max out your value when you ship UPS or FEDX

Being that these shippers offer $100 free insurance with their shipping, do you maximize value of your items since they are obscure and not made anymore?

Shipping claims are very difficult, but if it's legit, not a big deal. I just had both a USPS and Fed Ex claim approved without any hassle at all. However, I needed to provide pictures of the damage and proof of value. Proof of value is the hard one. If you just want to use what you paid/charged for it, not too hard, you can just provide the email of the transaction. But if you gave something to someone, then it starts to get hard quickly. You have to find a closed ebay auction of the same (or very similar item), or public posting (here or on RGVAC) of people advertising the item.

Major important point: Proof of value overrides amount insured EVERY SINGLE TIME (up to the amount insured).

If you insure a Pac Man marquee for $100, you ain't going to get that, unless you can prove it's worth that. And you aren't going to be able to do that. So over-insuring something, "just in case" is money wasted, totally just thrown away. And if you insure a tested working Quantum PCB for just the default $100, that's all you are going to get, even if you can provide 25 references of proof that it's worth a lot more.
 
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I always just insure for what I get PayPal'd for the items. Makes it easy in case something bad happens. I don't want to have to hunt around to prove what something is worth...
 
I always just insure for what I get PayPal'd for the items. Makes it easy in case something bad happens. I don't want to have to hunt around to prove what something is worth...


This is the best way to do it. The problem is when you stay up till 3am to snip an auction, and you know you just purchased it for $500 less than what its worth. :(
 
Shipping claims are very difficult, but if it's legit, not a big deal. I just had both a USPS and Fed Ex claim approved without any hassle at all. However, I needed to provide pictures of the damage and proof of value. Proof of value is the hard one. If you just want to use what you paid/charged for it, not too hard, you can just provide the email of the transaction. But if you gave something to someone, then it starts to get hard quickly. You have to find a closed ebay auction of the same (or very similar item), or public posting (here or on RGVAC) of people advertising the item.

Major important point: Proof of value overrides amount insured EVERY SINGLE TIME (up to the amount insured).

If you insure a Pac Man marquee for $100, you ain't going to get that, unless you can prove it's worth that. And you aren't going to be able to do that. So over-insuring something, "just in case" is money wasted, totally just thrown away. And if you insure a tested working Quantum PCB for just the default $100, that's all you are going to get, even if you can provide 25 references of proof that it's worth a lot more.

So would craigslist count as a public posting, or have they realized that prices are insane on CL most of the time? Could make overinsuring fun. :)
 
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