Quote:
Originally Posted by Snowman
All collectibles insurance policies have caps on the amount they will pay out for a claim for items shipped via FedEx et al. These limits are relatively low with respect to one's overall policy coverage limits. It's also why other auction houses use armored trucks to deliver high valued packages. I'd be surprised if ML is in fact covered should they indeed have to file the claim.
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Fed Ex did not lose the package. The question is coverage under an "away from premises" provision such as in the policy Lorewalker posted. Without knowing the policy language, or the course of dealings between the parties, we can only speculate. It may be that one or more posters here actually know.