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Posted By: John B California

I agree with Marc. The USPS rate of $1.30 for $50 of insurance is outrageously high. No one believes they are losing one out of every 38 packages sent. In a truely competitive market, no would be able to charge that amount.

As a seller, I've saved alot of money by not paying for insurance under $50. Out of 500 transactions, maybe a few get lost. The dollar amount lost is far less than $1.30 x 500, or $650.

For high dollar stuff over $100, I always include it. Peace of mind is worth more than a few dollars.