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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That is why there are riders to temporarily increase coverage under a policy for a certain event. And the coverage for what is being shipped will be mandated by the policy.