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

[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?

[Bicem]

The 50k cap has been in place for awhile, at least over a year. If you were able to purchase insurance over that amount my guess is that their system doesn't have guardrails in place to prevent the employee from doing so, and that the employee isn't aware of the cap. I mean nothing would surprise me when it comes to the Post Office and incompetency.

[chriskim]

Since almost all states need to pay sales tax now, if u won a high price item, u should book a ticket and pick up the item in person instead. You might even able to save a few bucks if the state u live at has higher tax then where the AH based at.