ebay insurance question

kimber45ACP

Is it worthwhile to purchase insurance for items you sell on ebay or are you covered by the seller/buyer protection plan?
Asking because I always feel more comfortable buying the insurance, but it becomes a hassle when I have an item that sells for
more than $500, because then I can't print the label from home and include insurance. I have to make trip the the P.O.

If I am wasting my money, because the item is covered anyway, I'll stop purchasing the insurance.

The ebay "help" section is pretty vague on this topic, or I may just be looking in the wrong place for the answer.

Thanks.

mrpotatoheadd

If you're the seller, you are only covered for loss/damage if *you* purchase insurance.

NewParadigm

No, it is the sellers responsibility to make sure the product is received by the buyer in described condition. The Seller protection applies to sending it to a confirmed address. If you did and can confirm in, it will be protected against shady buyers.

I self insure under 100. I figure that all lost and stolen material over the long haul in less than the marginal cost of insurance.

Some buyers get made that it is not insured. They are just naive and ignorant, as they think that they are "at risk" in the event of loss or damage. Clearly, they are wrong. I bear all the risk until the have it in their hands.

airplanenut

Seller protection only works if the item is shown as delivered (Del Con, or if over $250, Sig Con) but there is another problem, such as a claim that the payment was unauthorized. If the item doesn't show up, you're responsible for it. A general rule is that if anything goes wrong for the seller and PayPal is involved, they will find a way to be sure they don't help the seller.

NewParadigm

<< <i> if anything goes wrong for the seller and PayPal is involved, they will find a way to be sure they don't help the seller. >>




Could have said it better myself!

I had a fellow coin store sell to a buyer on the bay and the buyer gave paypal the wrong address. The buyer moved and didnt update his address. Seller sent it to the address furnished to him. Buyer filed a claim and EVEN ADMITTED that he messed up. Paypal gave the buyer their money back and the seller was out the oz of gold and money ( and made the old addressee a happy camper)

airplanenut

<< <i>Some buyers get made that it is not insured. They are just naive and ignorant, as they think that they are "at risk" in the event of loss or damage. Clearly, they are wrong. I bear all the risk until the have it in their hands. >>

I'm pretty sure that if you state a package is insured, it must be through a legit insurance provider. That may have gone away with the new shipping calculation, but it was in effect for a long time.

derryb

Postal insurance protects the seller, not the buyer, against theft or loss. In paypal's eyes coin belongs to seller until seller can prove with sig. or del. confirmation that buyer received coin. Postal insurance is sold in increments of $100. Don't insure for more than you sold it for (you have to show proof of sale to post office if you have a claim) and sometimes it pays to insure it down to the next $100. For items less than $100 I find odds are in my favor not to insure. Max insurance with Express mail is $5000 and max with Registered mail is $25000. Works out cheaper to send anything insured for more than $750 via registered mail.

NewParadigm

I never mention insurance.... unless i plan on using it

LindeDad

Insurance on eBay. Look under the Applications tab there is a item called Ship Saver Insurance. It costs 99¢ per hundred and you can just buy the postage cost threw PayPal and your package does not yell steal me as it goes along it's marry way.
It's saved me fifty bucks in insurance cost this month alone and can insure packages up to $2500 and it is all online. Your customers get a email of insurance confirmation for each items you insure. And you pick and apply insurance by the item not a bulk tool where you have to insure packages that don't need it.
I will note that I have never had to make a claim so I am not sure how that part works. But then I sure remember the month long hassel I had with my one Postal clain and nothing could be worse than that.

commoncents05

I use ShipSurance as a third party insurer. I would call them for a quote, but it costs me $.50 per $100 in coverage. Saved me a lot of money on my postage expenses.

-Paul

notwilight

Do the math and you won't feel so bad skipping insurance. Their delivery prognosis would have to be very poor for insurance, at the priority or first class rate, to be cost effective. --Jerry