Anyone lose a package through PSA?

[Smokey Joe]

Barry: If you insure a ball of string for $25K, and it gets lost. I can guarantee unless you show proof that ball of string is worth $25K, you will not get that money....now you said registered mail, so i doubt that package would ever get lost.

[E93]

Originally Posted by Smokey Joe

Barry: If you insure a ball of string for $25K, and it gets lost. I can guarantee unless you show proof that ball of string is worth $25K, you will not get that money....now you said registered mail, so i doubt that package would ever get lost.

You are probably right. Now my question is: If I open it in front of the mail carrier and show that it is just string, can the shipper get their insurance money back?
JimB

[barrysloate]

Mark- I know that, and I'm not disputing that without proof they won't pay. But why should they care? Why would anybody register a worthless box for 25K? It would cost around $60, and nobody is just going to give the post office $60 gratuitously. The only possible outcome would be that maybe it actually would get lost. But registered packages virtually never do (I haven't lost one in 25 years, and I bet I've sent close to a thousand).

So of course they demand proof, but I, as well as Jim B., are suggesting it shouldn't matter. Since they deliver every registered package they should encourage everyone to insure things for 25K. It's just a lot more money in their pocket.

[Smokey Joe]

Barry: They only care if money has to be paid out....of course these companies (FED-EX, UPS,USPS) will take any kind of insurance since it's "FREE" money. I still say Fed-ex will not insure baseball cards but 99.9% of packages get to there destination. My wife is in insurance and i know the in's and out's. Biggest scam on the planet Earth...insurance.

[barrysloate]

I know Mark. There are many situations where one takes out insurance, then finds out he cannot collect on it. Just hope that all packages reach their destination. In almost every case they do.