$ 100K+ Cards Insured thru the Mail ???

[LincolnVT]

USPS priority mail registered and insured for the dollar amount that the card is worth. This requires each employee that touches the package to sign for it and secure it between transfer stations / postal offices. Takes a bit longer, but you can also track each movement. The person on the recieving end needs to sign for the package. If the buyer isn't home when the package arrives, USPS holds the item in a safe at the post office until it is picked up.

[wdwfan]

If I sold something for $100k, I'd just buy a plane ticket and go meet the buyer face to face. I'd just buck and pay the $400-$500 for the flight, couple of hundred dollars for the hotel, etc. That way payment can be made there.

[toledo_mudhen]

Originally Posted by wdwfan

If I sold something for $100k, I'd just buy a plane ticket and go meet the buyer face to face. I'd just buck and pay the $400-$500 for the flight, couple of hundred dollars for the hotel, etc. That way payment can be made there.

Yep - Airplane would be a no brainer

[mechanicalman]

Originally Posted by toledo_mudhen

Yep - Airplane would be a no brainer

It’s a brainer if you don’t have the time.

[philliesfan]

If I sold a 100K card, I would drive / fly to wherever to hand deliver it.

[Bicem]

Originally Posted by LincolnVT

USPS priority mail registered and insured for the dollar amount that the card is worth. This requires each employee that touches the package to sign for it and secure it between transfer stations / postal offices. Takes a bit longer, but you can also track each movement.

They limit the insurance coverage on Registered to 50k.

[LincolnVT]

Originally Posted by Bicem

They limit the insurance coverage on Registered to 50k.

Hmmm? I've used insured / registered with USPS for much more than 50k.

[Bicem]

Originally Posted by LincolnVT

Hmmm? I've used insured / registered with USPS for much more than 50k.

Odd since the limits are 100% $50k. Maybe they sold you the additional but no chance you could actually collect more than $50k.

[Jasonxmay]

Update: I just checked the USPS website and you are correct about the $50k cap. I’m not sure if that policy is a recent change, but somehow I purchased 5 times that much insurance a couple months ago.

The cap was $25k up until about a year ago, but that cap has been lifted. There is now no limit to how much insurance you can add to registered mail packages. I insured a package for $250k a couple months ago.

Jason

Originally Posted by Bicem

Odd since the limits are 100% $50k. Maybe they sold you the additional but no chance you could actually collect more than $50k.

[LincolnVT]

+1

Originally Posted by Jasonxmay

Update: I just checked the USPS website and you are correct about the $50k cap. I’m not sure if that policy is a recent change, but somehow I purchased 5 times that much insurance a couple months ago.

The cap was $25k up until about a year ago, but that cap has been lifted. There is now no limit to how much insurance you can add to registered mail packages. I insured a package for $250k a couple months ago.

Jason

[Leon]

Originally Posted by LincolnVT

+1

It was a 25k cap for a long time. A 50k one is better but I bet that is expensive to buy!!
And I would be interested to know much 250k of insurance by USPS would cost too?