High priced item insurance

[oli4]

What are you guys using when selling a high priced item such $250.00 or more?

[redlinear]

None, Nada.  Because shipping insurance is worthless for the most part.
I package extremely well and will add duplicate shipping labels on three sides of larger packages.

[stainlessenginecovers]

But, you can purchase insurance through the carrier whether you buy your labels here on ebay or from the carrier direct; but know that the insurance ONLY covers 'lost' packages (for the most part, they may pay out less than 1% of 'damaged'- and that would be if a.) the package is obviously damaged to a point it would damage the item b.) used electronics or mechanical things that now 'don't work' would probably NEVER be covered c.) the 'seller' must do the claim d.) the BUYER must keep (not ship back- voids all claims) and have item and package available for inspection (they may even have to 'take it' to the carrier office). 

[caldreamer]

I have used ShipCover insurance offered through EBAY.    I filed claims for damaged items and never had a problem getting reimbursed.   It was very easy, just file claim (they don't require you to show them damaged carton).  Everything is done online...easy peasy.

USPS, FedEx, UPS require you to present damaged carton and item so inspector will determine if they will pay.    Rarely, will they pay for damaged items.

[dnasilver]

We would not insure a $250 item. We insure at 5K or higher. Where the item is shipping to determines who we use.

[adamcartwright]

@caldreamer 

Thank you -- I'll make a note of that. 

[lakefor94]

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@redlinear wrote:

None, Nada.  Because shipping insurance is worthless for the most part.
I package extremely well and will add duplicate shipping labels on three sides of larger packages.

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Never thought of adding extra labels. I might start doing that on the heavy shipments so they don't have to flip it around to find the label.

Thanks for the tip. 

[lakefor94]

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@oli4 wrote:

What are you guys using when selling a high priced item such $250.00 or more?

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I never insure. Pack to the hilt to avoid chance of damage. 

Require signature on anything over $750.

[12345jamesstamps]

I never do insurance...it's usually for lost item in shipping.

And I never had anything lost in shipping USPS in years.

When I do priority it usually has insurance of $100.00.

Insurance: I always check the buyer's feedbacks and how 'new' they are to see if it what would be needed.

                      I also google the buyer's address to see where it is going.

                      I take a photo of package with postage on it and send it to buyer in a friendly hello...this actually

                      helps me just in case it is going 'freight forward' as well.

                     That's my insurance which is free.        

[ekmadonna]

Just like in a Casino, Insurance is a suckers bet!

[fbusoni]

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@redlinear wrote:

None, Nada.  Because shipping insurance is worthless for the most part.
I package extremely well and will add duplicate shipping labels on three sides of larger packages.

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Interesting idea... is that in case one falls off somehow?

I've often wondered  whether the USPS machines will get confused with more than one shipping label.

[fbusoni]

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@oli4 wrote:

What are you guys using when selling a high priced item such $250.00 or more?

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@oli4 

Unlike most others, I use signature receipt fairly liberally... I make it crystal clear in the listing that I am doing so, and will always follow up the purchase with a message to the buyer reminding him of same.

My postmaster has informed me that there is far greater accountability (i.e., a greater, if tacit, burden on the postal service) with signature receipt packages.   It makes sense.

And my buyers never complain... they are happy to know that I care enough to add the extra level of protection.

[oli4]

So you don't use insurance and rely on 'Signature Receipt"?  

Do you indicate that statement in the Item Description?  

[oli4]

I am not concerned about damage but the buyer lying.

[oli4]

Where do you indicate ShipCover insurance on your listing?