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Insurance?

Discussion in 'FEEDBACK: The Good, The Bad, The Ugly!' started by Sonnydaze, Oct 28, 2012.

  1. Sonnydaze

    Sonnydaze Gold Member Gold Member

    Jul 6, 2009
    Okay, I'm confused. I keep seeing these ads that say if I want them to insure the knife that I just paid for, I have to include an additional sum of $7 or so.
    When I sell a knife, it has been my practice to use USPS Priority Flat Rate Box with tracking number and I always buy enough insurance to cover the knife in case it disappears en route.
    I've always heard that:
    It's the buyer's job to make sure that the seller gets the money.
    It's the seller's job to make sure that the buyer gets the knife.
    So the seller has the responsibility of getting the knife to the buyer, and must refund the buyer's money if the knife is gone.

    It stands to reason..to me, anyway, that the seller should buy insurance to protect himself, if the knife is not delivered. Because, IMO, the purchaser is going to get his money back and will NOT stand the loss.

    Opinions? thanx
    Sonny
     
  2. kreole

    kreole

    Jul 23, 2009
    This should really go in GB&U, and it's been answered there before, but yeah, it's the seller's job to get the package there, so insurance is solely for the seller's protection.

    That's why I stay away from sellers who put in "add $x for insurance" in an ad--because they don't understand their responsibility.

    edit: Now complete with quotes :D


    (Spark speaking of a seller)


     
    Last edited: Oct 28, 2012
  3. pbcg

    pbcg Gold Member Gold Member

    Oct 20, 2009
    I completely agree.

    Thanks for adding the quotes.

    Doesn't get any clearer then that...
     
    Last edited: Oct 28, 2012
  4. ooitzoo

    ooitzoo Gold Member Gold Member

    Oct 2, 2010
    yea, thats the general rule unless otherwise agreed. the only exception may be international trades or sales.
     
  5. Thomas Linton

    Thomas Linton

    Jun 16, 2003
    USPS insurance covers the party sending the package only. While "never" is often incorrect, I never heard of insurance available to addressees of packages.

    Under law, the risk of loss in shipping is on the seller unless the parties expressly agree otherwise.
     
  6. jill jackson

    jill jackson Gold Member Gold Member

    Sep 5, 2006
    There's dealers that will tell you unless you pay them an extra small fee, they won't be responsible for delivery. They don't even buy any insurance, it's a fee they charge and collect keeping it unless they have to make good. I've ran into two of them when buying knives and I don't purchase from them anymore.
     
  7. DapperDan

    DapperDan Gold Member Gold Member

    764
    Aug 3, 2009
    Yes, there is a dealer that posts this at the bottom of his ads;
    "If you want insurance or signature confirmation, that is additional and at your expense. Items are shipped FOB"
    He is a real A-hole and I will never do business with him again. If you want to know who just ask.
     
  8. richard thurman

    richard thurman

    Nov 9, 2005
    If I am selling a cheap knife $50.00 then I don’t bother with insurance. but when I sell a knife for $100.00+ I make them sigh for it plus insurance too. that way if any thing happened I got to be covered and I will not get any negative feed back out of the deal. There is only so much that I can do as the seller. Knock on wood I have never had any thing go wrong yet.
     
  9. Sonnydaze

    Sonnydaze Gold Member Gold Member

    Jul 6, 2009
    Thank you, folks, for setting my mind at ease, and for moving this thread to the proper forum. And...I should have used the Search function...:)
    Good day.
    Sonny
     

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