charliex
Headphoneus Supremus
- Joined
- Nov 28, 2008
- Posts
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Quote:
If you are successful in convincing the shipper to mark the value down, then THAT will be the insurance cover, regardless of the actual value of the item. So if you have a $5000 item marked down to $1000, then you will ONLY be covered for $1000. The insurance value is NEVER more than the declared value. And many shippers won't mark down value as it is considered to be tax fraud and can get the seller in big trouble.
Doesn't the insurance cover you in the event that the package is stolen or damaged?
If you are successful in convincing the shipper to mark the value down, then THAT will be the insurance cover, regardless of the actual value of the item. So if you have a $5000 item marked down to $1000, then you will ONLY be covered for $1000. The insurance value is NEVER more than the declared value. And many shippers won't mark down value as it is considered to be tax fraud and can get the seller in big trouble.