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What is the best way to insure a $5000 shipment of comics?

Started by dekeuk,

29 posts in this topic

dekeuk

dekeuk

Posted
Posted

 

I plan to send a valuable batch of comics to CGC soon and was wondering what is the best way to insure such valuable shipments?

 

I know the post office, Fedex and UPS all sell insurance, but if you read the fine print on their contracts, they do not cover "collectables" even though they will gladly sell you insurance you have no hope of ever collecting on.

 

I have been using a third party insurance company in the past who does insure collectables but they have a $1000 limit per shipment.

 

So where can I buy $5,000 to $10,000 of coverage for high value shipments made by UPS or Fedex?

 

 

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sd2416

sd2416

Posted
Posted

For 5k-10k, Ill take a day or two off, pick them up from your front door, deliver them to CGC. After they are graded, Ill even take another day off and pick them up, show them the town and deliver them to your front door.

 

Board love, its a great thing.

 

 

On a serious note, thats interesting that they offer shipping ins but wont let you collect since its a collectible. Learn something new every day. Thanks.

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mschmidt

mschmidt

Posted
Posted

I plan to send a valuable batch of comics to CGC soon and was wondering what is the best way to insure such valuable shipments?

 

I know the post office, Fedex and UPS all sell insurance, but if you read the fine print on their contracts, they do not cover "collectables" even though they will gladly sell you insurance you have no hope of ever collecting on.

 

I have been using a third party insurance company in the past who does insure collectables but they have a $1000 limit per shipment.

 

So where can I buy $5,000 to $10,000 of coverage for high value shipments made by UPS or Fedex?

 

 

It's a myth that USPS doesn't cover "collectables" under their insurance - they do, up to $5,000 (non-registered mail) or $25,000 (registered mail).

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BrianHoward

BrianHoward

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Check with the private insurance company you are using.

 

Often, you may purchase a seperate insurance rider. It isn't very expensive or time consuming to set up.

 

They may want you to use a certain carrier or ship via a specific method so I'd look into that as well.

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G.A.tor

G.A.tor

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10k worth off books, I would be on my way to Florida to drop them off in person and catch some rays while over there :banana:
our high today (north fl) is only in the mid 50's.... more like catch a cold lol
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nik

nik

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10k worth off books, I would be on my way to Florida to drop them off in person and catch some rays while over there :banana:
our high today (north fl) is only in the mid 50's.... more like catch a cold lol

 

Hell, 50 degrees is like Indian summer up here :cloud9:

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joeypost

joeypost

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10k worth off books, I would be on my way to Florida to drop them off in person and catch some rays while over there :banana:
our high today (north fl) is only in the mid 50's.... more like catch a cold lol

 

Hell, 50 degrees is like Indian summer up here :cloud9:

 

Central Fl is 73 and partly sunny

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Aces

Aces

Posted
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USPS registered mail, fully insured

 

Even on collectables?

 

And do they have a maximum dollar amount?

 

 

$25,000

 

You can buy more but have to pay Lloyds of London's rates.

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Jeffro.

Jeffro.

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Posted
10k worth off books, I would be on my way to Florida to drop them off in person and catch some rays while over there :banana:
our high today (north fl) is only in the mid 50's.... more like catch a cold lol

 

Hell, 50 degrees is like Indian summer up here :cloud9:

 

Yeah, doncha love it when the Floridians complain about 50 degree weather? lol

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