Quote:
Originally Posted by Yoda
Scott, I probably didn't explain myself very well. Collectors wanted to charge me $285 for insurance to ship me 3 items from their Vault. This insurance premium equates exactly to the stated value of the cards, or in insurance terms a 100% rate on line. Why would anybody buy insurance when the premium is the same as the insured value? Better to self-insure.
The difference for me, and many others, to use the Vault is to save on state taxes and as a temporary storehouse before retriving or listing.
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That's some pretty rich insurance!!!
Whenever I ship on eBay using USPS Ground, $100 worth of insurance comes standard, and if you want to bump it up to $300, it doesn't cost more than maybe an extra $5 or $10. Not sure where they get off charging $285 to insure $285 worth of cards. But maybe their rate of losing stuff is so high that their only choice is to charge full freight for insurance to cover the cost of their ineptitude.