Quote:
Originally Posted by ersnyder
They don't limit the insurance, you simply have to buy the insurance. If you don't, you lose in case of an accident.  |
Most carriers have limits that you can insure for. USPS express(next day) has a $5k limit. To insure for more you need to use USPS registered mail which has a $25k limit for domestic shipping. Fedex I believe has a $5k limit. UPS has all kinds of restrictions on shipping jewelry and watches. Not real keen on carriers that require you to declare the contents, as that puts a "please steal me" stigma on the package. Not to mention how many times Fedex and UPS has left high value packages sitting on the front porch even when it says signature required. They figure the odds are in their favor that it won't get stolen....
Most sellers that do it as a business use a second party insurer and they have specific ways for you to package and mark the label.
Years back we had a box of Gold Maple Leaf coins shipped to us. The Canadian mint uses Brinks, but Brinks uses Fedex as a sub carrier. The package was stolen while in Fedex's possesion. A box of 500 one ounce gold coins is not light nor something you can just slip into your pocket. The FBI was involved, but Fedex's own internal security really messed up the investigation and in the end no one was caught.
Always try to use the USPS, as it is a federal crime to steal US. mail. Not so with private carriers.
Hope you get lucky and they find your package or make good on the value.
-Scott B.