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Insuring an item over 5k
About 2 years ago I sold an antique that went for 8k. It was a fairly small item that I packed bombproof and started looking for my options to ship it after the sale. The most insurance I could get from UPS, Fedex, or UPS was $5000. I contacted the buyer and he said he trusted my packing and to ship it on and it went off with a hitch. I have an antique im getting ready to list that should sell for around 12.5k but this time want to be prepared to have proper insurance. What options do I have to insure something like this, thanks in advance
11 comments
kh-cathy
·2 years agoHi everyone,
Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread if you wish to continue to discuss this topic.
Thank you for understanding.
rfmtm
·3 years agoUSPS Registered Mail Package service is the safest way to ship this with full insurance.
soh.maryl
·3 years agoAm marveling at your courage in even thinking about offering such a high dollar item on this platform!
albertabrightalberta
·3 years agoI wouldn't sell something of that value on ebay. I would do it locally or consign it.
femmefan1946
·3 years agoWe have an account with Hugh Wood International, which specializes in insuring collectibles for both dealers and collectors.
https://hwinternational.com/ca/
They have offices in NewYork, London, and Toronto.
They will cover not only shipped items, but fire, burglary, problems in transit to shows, shoptheft, breakage, water damage, and are very flexible about dealer stocks which as we both know vary from day to day.
These are annual contracts but are very competitive (cheaper for the coverage offered) with larger commercial insurance companies.
We no longer have a store, but keep a policy with them to cover our art collection.
simba6
·3 years agoYou might want to rethink about selling an item for that value mail order. If the buyer says an empty box arrived, you lose the item and money. Never sell an item you can't afford to lose.
spark-chaser1
·3 years agoAgreed... I'd be having palpitations the whole time the item was in the shipper's custody.
We've seen issues tied to items of small dollar value and shifty buyers winning false non- receipt cases. But a 12 + thousand dollar item? Yikes!
sidezskateshop
·2 years agoFilm yourself packaging the item at the shipping location and handing it to them. Proof it was in there.
bonjourami
·2 years agoNecro thread, but that filming proves nothing,videos can be doctored.
Unavailable member
·2 years agoNope, that wouldn't be proof at all. Videos can be doctored, eBay would never look at those any way.
Also you've replied on a thread from Feb 2023.
1tuna
·3 years agoI guess it all depends upon what you are most worried about
is it breakage/damage or theft?
you can insure with USPS registered mail for better rates than priority when it goes over around $1000.
I never ever have worried about damage
mainly an empty box or package that gets lost
@matthewsutton