Insurance?

Even though most of you are not in the same position I am in, I think that that you could benefit from some sort of insurance. What if your home gets broken into, is your homeowners policy going to cover the knives?

I do not know if Collectibles insurance has a minimum amount of insurance that you have to purchase, but it could be cost effective to buy $500 worth a year and not have to worry about purchasing extra insurance at the PO and dealing with their red tape.
 
^ Otaka- I will never use UPS again.
They've lost wedding pictures of mine, and a $500 knife.
I've only used USPS the past 7 or 8 years, and have never had a problem at all
 
Ken44 said:
^ Otaka- I will never use UPS again.
They've lost wedding pictures of mine, and a $500 knife.
I've only used USPS the past 7 or 8 years, and have never had a problem at all
Click to expand...
Wedding pictures OUCH! that sucks. Even if they were insured that is an example of something that is impossible to put a price on. i will definitely take your advice and only use usps sc from now on.
 
I always do insurance and signature confirmation unless the other person requests otherwise. Just for peace of mind if anything. I've had a few buyers ask for DC as they had no one to sign for it nor did they want the hassle of going to the PO to pick it up. I do ask for that request in writing (email).
 
Anything shipped priority mail now has tracking. The did away with DC. I insure the high dollar items. If I'm shipping out of the country, I now only ship USPS express international at buyers expense.It's way too risky to ship otherwise and you can insure items up to $5000.00. It is prudent to insure anything shipped priority mail. I may have to start insuring all my shipments. I try not to use UPS. I've had items destroyed beyond belief. They were insured but it took awhile to get my money back. Of course; you owe it to the seller to refund their payment as soon as you can.
 
How do you value a knife that's a one off, especially if it's appraised value is substantially different than actual original price?

For example, a knife that lets say had a original value of $400 but it had some artistic engraving and embellishments added that exceeds the original price, keeping in mind that the embellishment value is purely subjective.

Do you over value the insurance to compensate and how do you prove it, what's worth $1000 to me might be worth less to someone else.

Also can you really be compensated monetarily for an irreplaceable knife?

I've stated before that I always insure but finding out that if I insured the knife and it out was marked delivered but the other party claims to never have received it, I'm the one out the money is it really worth it? The last knife I shipped cost me over $20 to ship, I'd be PO'd if I was not only out the knife or value of it but also the $20 I spent expecting it to be protected.

Lastly, is there another more secure way to ship that actually protects both parties?

It's there a third party shipping service where both parties in the trade could ship to and once the independent party received both knives he can insure both parties sent the represented knives and then ship them to the respective people and if not than everyone gets their knives back at a slight additional cost.

Too complicated for a little piece of mind?
 
I agreed to a trade with a gentleman from Canada.
The cost of shipping with insurance was $45 so I gambled and just purchased delivery confirmation and tracking.
The last update was March 3, so it has either been sitting at customs for 5 days or has been lost / stolen.
My unwise decision to save $25 could potentially cost me $150, not to mention the stress I am under.
 
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