 | | "Self Insurance" on packages
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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 (...) (24 years ago, 23-Oct-00, to lugnet.market.theory, lugnet.market.shipping)
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| | Re: "Self Insurance" on packages
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(...) 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)
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| | Re: "Self Insurance" on packages
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(...) I think it's a reasonable idea. As Ray mentions, that's a cheaper rate than the USPS charges. Of course, my feeling is that a buisiness would score points for eating the cost out of their proffits. As a buyer, I've sort of felt that I really (...) (24 years ago, 23-Oct-00, to lugnet.market.theory, lugnet.market.shipping)
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| | Re: "Self Insurance" on packages
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In lugnet.market.theory, Frank Filz writes: <major snippage> (...) Check this out... (URL) (and I can't get the url to post without something breaking the line) scroll down and read that part titled 'Insurance'. Looks like the USPS wants/is- about (...) (24 years ago, 24-Oct-00, to lugnet.market.theory, lugnet.market.shipping)
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| | Re: "Self Insurance" on packages
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(...) 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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| | Re: "Self Insurance" on packages
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(...) Actually, the mechanism to insure the parcel and the mechanism to confirm delivery are different. The USPS even charges seperate fees for each. Its entirely possible to track (Delivery Confirmation) a package without insuring it. <soapbox> (...) (24 years ago, 24-Oct-00, to lugnet.market.theory, lugnet.market.shipping)
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| | Re: "Self Insurance" on packages
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(...) Yes, that thought had occurred to me too. Ray suggested using DC but my situation is that I'm in Canada and sending Small Packet packages to the US and overseas: I *cannot* buy insurance (or, to my knowlege, DC) on a Small Packet. Of course, I (...) (24 years ago, 24-Oct-00, to lugnet.market.theory, lugnet.market.shipping)
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