If you get insurance on an item you ship through USPS and they lose the item will they refund the cost of shipping or just the value of the item?
Thank you for anyone who knows the answer to this question.
2007-11-01 08:35:18 · 9 answers · asked by CLEMVIER 2 in Local Businesses ➔ United States ➔ Other - US Local Businesses
Value of the item.
You need to have a signed letter from the shipper
stating what the true value is.
Have them send it to you.
You go the post office with your claim and mabye 2-3 weeks
they will send you a check.
It is a royal pain.
2007-11-01 08:38:24 · answer #1 · answered by Fuzzybutt 7 · 0⤊ 0⤋
The cost of postage and the insured value of the item will be paid will be paid for a lost item. The cost of the insurance will not be paid.
If the item is received but damaged in handling in the USPS, neither the cost of postage or the insurance cost will be paid.
2007-11-01 15:37:43 · answer #2 · answered by ditsyquoin 4 · 0⤊ 0⤋
Insurance covers your expense that you have insured and the risk you take.
If you send a broken watch to a jeweler, its not worth much in its condition execpt if its an antique, if you send it to a town 3 miles away and it weighs an ounce its not going to cost much on POstage but now the weatch wonce repaired could be worth a lot because its silver or gol;d or is very old.
2007-11-01 08:41:47 · answer #3 · answered by god knows and sees else Yahoo 6 · 0⤊ 0⤋
When you purchase shipping insurance as a service from USPS, it means that you are insuring the value of the item being shipped. The breakdown goes like this:
Fee . . . . . . . . . . Insurance Coverage
$1.65 ................ $0.01 to $50
$2.05 ................ $50.01 to $100
$2.45 ................ $100.01 to $200
$4.60 ................ $200.01 to $300
$5.50 ................ $300.01 to $400
$6.40 ................ $400.01 to $500
$7.30……………$500.01 to $600
$7.30 plus $0.90 per $100 or fraction thereof over $600 to $5,000.
[from usps.com]
Which means if you are shipping something worth $250 for example, you're going to be paying an extra $4.60 after the cost of shipping.
Hope this helps. :)
2007-11-01 08:39:59 · answer #4 · answered by RiotNumber9 1 · 0⤊ 0⤋
Never, under any circumstances, ship anything of value by USPS.
2007-11-01 08:48:17 · answer #5 · answered by Anonymous · 0⤊ 0⤋
They will refund the value you set for the insurance.
2007-11-01 08:37:26 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I think insurance covers it all. You should pad the ins, to cover the shipping cost.
2007-11-01 08:37:50 · answer #7 · answered by kevin h 3 · 0⤊ 0⤋
the value
2007-11-01 08:37:35 · answer #8 · answered by YourMama 2 · 0⤊ 0⤋
use both depending on the best rate for the order size and VALUE
2016-04-01 23:03:44 · answer #9 · answered by ? 4 · 0⤊ 0⤋