STUPID Chip Shipping Question (1 Viewer)

[Big Jilm]

If USPS insures up to $50, do you guys insure $50 less if the value is >$50?

Example: Chips are worth $400. Only insure for $350 because USPS still covers $50 insurance, correct??

 

[Blaster]

No, value of mdse.

 

[links_slayer]

I've always done full value (when insuring for more than the included $50).

 

[BGinGA]

Example: Chips are worth $400. Only insure for $350 because USPS still covers $50 insurance, correct??

not correct. They will insure only for what is declared.

If you insure for $400, you are essentially paying for $350 worth of insurance but getting $400 -- because they cover the first $50.

 

[Big Jilm]

thx

 

[tjohnsonnpu]

not correct. They will insure only for what is declared.

If you insure for $400, you are essentially paying for $350 worth of insurance but getting $400 -- because they cover the first $50.

sounds right to me