Theory : 1674


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Subject:	"Self Insurance" on packages
Newsgroups:	lugnet.market.theory, lugnet.market.shipping
Date:	Mon, 23 Oct 2000 17:12:50 GMT
Viewed:	1468 times

I noticed on anotehr seller's eBay auctions that they charge a 50c "Self insurance" fee on each package, and promise to refund up to $50 if the package is lost. This seems like an interesting idea since most of my packages go out at the "Small Packet" rate to teh US and other coutries, and it's not possible to buy insurance on them. I think the 50c is a bit high and teh $50 a bit low considering I've sent out about 1500 packages in teh last 18 months and just 2 have disappeared, but I'm considering doing this. Anyone have opinions on it? Kevin ----------------------------------------------------------------------- Personal Lego Web page: http://ourworld.compuserve.com/homepages/kwilson_tccs/lego.html City Park: Limited edition kit http://www.lionsgatemodels.com/cat-park.htm Craftsman Kits & Custom Lego models: http://www.lionsgatemodels.com

Message has 2 Replies:

		Re: "Self Insurance" on packages
(...) In lugnet.market.theory, Kevin Wilson writes: (...) (1) The USPS gets 0.85 for the same coverage (2) If your loss rate is 2/1500, then expect one package in 750 to get lost (although I think that might be a bit high, one in 400 ?) (3) If you (...) (24 years ago, 23-Oct-00, to lugnet.market.theory, lugnet.market.shipping)

		Re: "Self Insurance" on packages
(...) The possible risk is that the evil buyer receives the parcel but pretends they don't. They end up with the set and the $50. I would expect that your postal "losses" would increase if you offered self-insurance. If the Post Office insures the (...) (24 years ago, 24-Oct-00, to lugnet.market.theory, lugnet.market.shipping)

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