Best Shipping for High Value

[BrooksRobinson]

Originally Posted by Flintboy

Be careful with Collect Insurance. I really only needed insurance for shipping and when I mentioned that to the rep, she said I would need a “dealers policy” which conveniently jumped the policy to over 1k a year from $200. She told me if I get a regular policy it’s not �� they would cover the claim.

Exact same experience. Furthermore, they said they will NOT cover it if it is shipping to a buyer if not dealer. It is only supposed to only be for shipping to yourself, i.e., shipping between vaults or something. Frankly, there are so many carveouts on the personal one that unless you get robbed or fire it's near worthless. The problem with the dealer one is the limit is 3k shipping with a $500 deductible. They barely cover anything is the point and I have all this in writing and many phone calls but it practically takes an attorney to nearly figure this out.

Summary: CIS covers up to 3k in dealers shipping MINUS $500 deductible. CIS personal insurance does not cover shipping to someone else, that is considered a sale i.e., dealer. If you want theft, fire protection it's fine.

[CardPadre]

Originally Posted by BrooksRobinson

Exact same experience. Furthermore, they said they will NOT cover it if it is shipping to a buyer if not dealer. It is only supposed to only be for shipping to yourself, i.e., shipping between vaults or something. Frankly, there are so many carveouts on the personal one that unless you get robbed or fire it's near worthless. The problem with the dealer one is the limit is 3k shipping with a $500 deductible. They barely cover anything is the point and I have all this in writing and many phone calls but it practically takes an attorney to nearly figure this out.

Summary: CIS covers up to 3k in dealers shipping MINUS $500 deductible. CIS personal insurance does not cover shipping to someone else, that is considered a sale i.e., dealer. If you want theft, fire protection it's fine.

I’ve never had to file a claim, but they do seem to imply that “incidental sale or trade of your unwanted property or duplicates from your PC” would be covered and not considered a “dealer” transaction.