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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

Message 1 of 12
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Re: Insuring an item over 5k

I 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 


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Message 2 of 12
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Re: Insuring an item over 5k

You 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.

Message 3 of 12
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Re: Insuring an item over 5k

We 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.

Message 4 of 12
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Re: Insuring an item over 5k

Agreed... 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!

Message 5 of 12
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Re: Insuring an item over 5k

I wouldn't sell something of that value on ebay. I would do it locally or consign it.

albertabrightalberta
Volunteer Community Mentor





I can explain it to you but I can’t understand it for you.
Message 6 of 12
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Re: Insuring an item over 5k

Am marveling at your courage in even thinking about offering such a high dollar item on this platform! 

Message 7 of 12
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Re: Insuring an item over 5k

USPS Registered Mail Package service is the safest way to ship this with full insurance.

Message 8 of 12
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Re: Insuring an item over 5k

Film yourself packaging the item at the shipping location and handing it to them. Proof it was in there.

Message 9 of 12
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Re: Insuring an item over 5k

Necro thread, but that filming proves nothing,videos can be doctored.



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“Never pick a fight with an ugly person. They don’t have anything to lose.” ~Robin Williams
Message 10 of 12
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Re: Insuring an item over 5k


@sidezskateshop wrote:

Film yourself packaging the item at the shipping location and handing it to them. Proof it was in there.


Nope, 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.

Message 11 of 12
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Re: Insuring an item over 5k

Hi 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.

Message 12 of 12
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