Postal Insurance Value Determination

Feedback: +2 / =0 / -0
Joined
Oct 27, 2006
Messages
1,578
I tried a few searches and couldn't find anything on this topic, sorry if I missed any threads.

So I recently traded with someone and my package has gone missing on the tracking information. It hasn't been the 21 days yet, but I'm starting to get ready to prepare a claim.

I bought both of the knives I traded off of ebay. I've found the paypal receipts. I got really good deals on both of these knives, much less than market value. I insured the package for what the knives would cost if I had to replace them now, which is much greater than what I paid for them.

My question is how does USPS determine value? Will they only reimburse me what I paid for them or what they are actually "worth" (cost to replace). The paypal receipts prove I bought them, but could I use a catalog to establish their "value at time of mailing".

Really hoping I don't get screwed here because I got a deal on the knives in the first place. Any input from people with experience in this would be greatly appreciated. I have a feeling this process won't be easy or fun.
 
They will pay you up to the amount you insured for and the receipt has to be at least at or over that amount to get the insured value.
 
Back
Top