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- Apr 13, 2004
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Also, if I'm understanding the rules correctly, the seller doesn't have to buy insurance, just that it's his, not the buyer's responsibility. I might decide not to buy insurance, knowing that if the knife is lost en-route, I'll have to refund the money. It might make sense to me to take that risk and "self-insure" if I'm selling a few inexpensive knives.
That's my read on it as well. I agree, I would definitely self-insure on smaller items. And while I've never had a problem collecting on any USPS insurance claim, there's enough folks out there having problems that I'm considering 3rd-party insurance in the future for more expensive items.