trstnkn Posted August 27, 2015 Share Posted August 27, 2015 Curious what other people do regarding purchasing additional insurance when shipping through USPS...Do you always purchase additional insurance for items over $50? Do you pass along the cost to buyer?Any insurance horror stories or "lessons learned" I should know about?I've just started dipping my toe in the water with higher $$$ items, and I want to make sure I'm covered.E.g. I was so scared to ship off a used Imperial Flagship last week. (I purchased the insurance to cover the buyer's purchase price.) Quote Link to comment Share on other sites More sharing options...
siulon Posted August 27, 2015 Share Posted August 27, 2015 I usually get the insurance for higher priced item, to cover 'just in case' events. Nothing really happened to me, touch wood.but it is exactly what it is, in case anything happened, you are covered. Quote Link to comment Share on other sites More sharing options...
brickinfinite Posted August 27, 2015 Share Posted August 27, 2015 (edited) Curious what other people do regarding purchasing additional insurance when shipping through USPS...Do you always purchase additional insurance for items over $50? Do you pass along the cost to buyer?Any insurance horror stories or "lessons learned" I should know about?I've just started dipping my toe in the water with higher $$$ items, and I want to make sure I'm covered.E.g. I was so scared to ship off a used Imperial Flagship last week. (I purchased the insurance to cover the buyer's purchase price.)I have only insured items that are sold for over $400 and the cost is built into the sales price. Fortunately, I haven't encounter any insurance related issues. It's up to your own risk tolerance to determine when insurance is necessary. Separately, items that are shipped via USPS Priority Mail are automatically insured for up to $100 $50. Edited August 27, 2015 by brickinfinite Wrong insurance amount. Thanks hepcatpunk & HappyHawkeye for the correction! Quote Link to comment Share on other sites More sharing options...
hepcatpunk Posted August 27, 2015 Share Posted August 27, 2015 I have only insured items that are sold for over $400 and the cost is built into the sales price. Fortunately, I haven't encounter any insurance related issues. It's up to your own risk tolerance to determine when insurance is necessary. Separately, items that are shipped via USPS Priority Mail are automatically insured for up to $100.I think priority is insured up to $50---after that, it's gonna cost you for add'l. Quote Link to comment Share on other sites More sharing options...
HappyHawkeye Posted August 27, 2015 Share Posted August 27, 2015 I think priority is insured up to $50---after that, it's gonna cost you for add'l.Correct - I recently filed a claim on a priority mail package that did not have insurance. Got my $50 & not a penny more. Quote Link to comment Share on other sites More sharing options...
I am Niko Posted August 27, 2015 Share Posted August 27, 2015 Priority Mail via eBay is insured up to $100 for free...outside of eBay, it's $50. Quote Link to comment Share on other sites More sharing options...
brickinfinite Posted August 27, 2015 Share Posted August 27, 2015 This is why I was confused. I used to be a top seller but not presently. "eBay Top Rated Sellers and Platinum and Titanium PowerSellers who use eBay Labels for Priority Mail services will now receive $100 worth of FREE insurance." The rest only gets $50 of free insurance. http://announcements.ebay.com/2013/08/great-usps-news-especially-for-sellers-using-ebay-labels-free-insurance-faster-service-and-more/ Quote Link to comment Share on other sites More sharing options...
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