New USPS Insurance Rates

Broadstruck

Holy macaroni.... Yikes I'm getting whiplash from the USPS Postage Price Calculator screen trying variable shipping methods with insurance

amwldcoin

Yeah...I went to ship an express mail package yesterday and the increase in insurance rates almost doubled the cost! Look out USPS...your making Fed-ex or UPS with private insurance look very attractive! I almost wondered if ebay was using the standard 1st class rate instead of Express???? I haven't checked.

MsMorrisine

OMG!



Express mail just priced themselves out of my overnight shipping.

messydesk

Haven't purchased a USPS "steal me" sticker in years. If anyone is a regular shipper, you really need to look into alternatives.

Raufus

Incredible. They were already very high, esp. for Priority. Oh, wait. I forgot. Per eBay shipping is free.

Broadstruck

I was expecting $23.95 for next day air insured now $38.54

Even Priority Mail 2-Day with insurance is now $1 more then next day air used to be

amwldcoin

Just Wow! I shipped an express mail with $1000 insurance before for $19.10. Just went to USPS online and tried the same scenario. They are now also adding a charge over $10 if you claim it is fragile...like they are going to handle it any differently. The cost of the package is right at $44! If I had shipped through ebay last night...didn't see a place to claim fragile I believe it was going to be around $31. So I sent it 1st class with $1000 insurance for $16.69. Sure was nice to be able to send express for little difference in cost before.

LindeDad

Coffee can insurance.

Been putting $1.00 per hundred for several years now there is a lot more in that can now than any coin I own is worth. :-)

MsMorrisine

mailed one 5/11

7.55 insurance

now? 25.05


plus I'd have been hit with the $10.35 fragile handling fee.



I've been told they are supposed to hand sort fragile items.

Broadstruck

<< <i>Sure was nice to be able to send express for little difference in cost before. >>



Yeah next day express used to be the way to go not to make someone wait 10 days for registered or mess with wet tape

BryceM

I'm not a life-long collector....... really only been at this seriously since 2010.

In that short time I've seen auction buyer's premiums increase, auction house shipping fees increase, and now this.

Eventually, it all adds up. The end effect is a widening of the buy/sell spread, no different than a tax.

Lakesammman

Just mailed a $425 coin this AM with private insurance and shipping/sig. confirmation through ebay - $14.70 online through USPS vs $9.20 the way I did it.

Only problem is, 1st class mail can't be insured via this 3rd party, shipandinsure.com.

To make it pay, you need to factor in the annual society fees, so the larger the volume, the better the savings.

BAJJERFAN

<< <i>Haven't purchased a USPS "steal me" sticker in years. If anyone is a regular shipper, you really need to look into alternatives. >>



www.shipandinsure.com

BAJJERFAN

<< <i>mailed one 5/11

7.55 insurance

now? 25.05


plus I'd have been hit with the $10.35 fragile handling fee.



I've been told they are supposed to hand sort fragile items. >>



Registered mail is usually treated kinder and gentler than other mail.

blu62vette

Time for private insurance. Don't send red flags in the mail.

Raufus

Clearly USPS thinks that it can solve its financial woes by continual, huge price hikes. It will be their demise. What a reflection as well on their own service. They clearly have little confidence in their own ability to deliver a package and hence have no insurance claim.

TopographicOceans

Perhaps the postal thieves are costing them more in claims now
Once they retire they'll have to live on their government benefits alone without any perks of the job.

19Lyds

Meh!

USPS Shipping went up in General. Last week, 4 ounces cost $2.09 1st Class. Today it's $2.13

I think they are just trying to stay solvent since their rates have been relatively low compared to other services.

mbogoman

Wow! I agree with the comments about Express Mail. It is now prohibitively expensive. It used to be a great, faster alternative to Registered for items under $5k, but now it isn't even close. I guess I'll revert back to Registered for anything of value anymore. I don't do near enough volume to justify private insurance. Everything else will just have to be self-insured...

BAJJERFAN

<< <i>I was expecting $23.95 for next day air insured now $38.54

>>



Which you'll get back when they FTP.

Athena

What private insurance is available and affordable if I don't want to pay a $135 NACA membership fee?

AnkurJ

<< <i>Time for private insurance. Don't send red flags in the mail. >>



Been doing this for two years. USPS insurance prices never bother me

mariner67

Remember when you "self insure" and something goes missing you end up talking to yourself for reimbursement for the loss.

BAJJERFAN

<< <i>What private insurance is available and affordable if I don't want to pay a $135 NACA membership fee? >>



I thought it was around $40 or so

jdimmick

How this for insurance:

This morning I picked up a 9k coin from a customer who wants me to submit it , he placed it between 2 cardboard pieces and mailed it in a regular envelope.

Made it fine this am.

LindeDad

<< <i>How this for insurance:

This morning I picked up a 9k coin from a customer who wants me to submit it , he placed it between 2 cardboard pieces and mailed it in a regular envelope.

Made it fine this am. >>



And if it had never showed up, hell would freeze over, before that customer would of ever of believed you did not get it.

Barndog

<< <i>

<< <i>What private insurance is available and affordable if I don't want to pay a $135 NACA membership fee? >>



I thought it was around $40 or so >>



looks like $135 to me when I checked the site

segoja

Overnight Insurance is up 4x WOW

segoja

Ship and insure $2.20/$1000 on USPS overnight....they got my business

WingedLiberty1957

I just sent a USPS Overnight Express Mail package from Maryland to Newport Beach California yesterday (Monday)

I put $3,200.00 insurance on it ... and the insurance fee was $12.50

The express mail postage was around $44

for a total of $56.50

BAJJERFAN

<< <i>

<< <i>

<< <i>What private insurance is available and affordable if I don't want to pay a $135 NACA membership fee? >>



I thought it was around $40 or so >>



looks like $135 to me when I checked the site >>




Warn't that long ago it was under $50 IIRC. Oh well. At least they cover bullion.

robec

<< <i>I just sent a USPS Overnight Express Mail package from Maryland to Newport Beach California yesterday (Monday)

I put $3,200.00 insurance on it ... and the insurance fee was $12.50

The express mail postage was around $44

for a total of $56.50 >>



My experience yesterday was completely different from yours.

I was sending a package from California to North Carolina.

To insure the package for $3500 the cost was $47, plus express postage of $35

Total cost of $82

Shouldn't online charges be the same?

derryb

<< <i>

<< <i>I just sent a USPS Overnight Express Mail package from Maryland to Newport Beach California yesterday (Monday)

I put $3,200.00 insurance on it ... and the insurance fee was $12.50

The express mail postage was around $44

for a total of $56.50 >>



My experience yesterday was completely different from yours.

I was sending a package from California to North Carolina.

To insure the package for $3500 the cost was $47, plus express postage of $35

Total cost of $82

Shouldn't online charges be the same? >>


Were you also sending overnight express?

robec

<< <i>

<< <i>

<< <i>I just sent a USPS Overnight Express Mail package from Maryland to Newport Beach California yesterday (Monday)

I put $3,200.00 insurance on it ... and the insurance fee was $12.50

The express mail postage was around $44

for a total of $56.50 >>



My experience yesterday was completely different from yours.

I was sending a package from California to North Carolina.

To insure the package for $3500 the cost was $47, plus express postage of $35

Total cost of $82

Shouldn't online charges be the same? >>


Were you also sending overnight express? >>


Yes, with the exception that because of the NC destination 2-Day Express is all that was offered.

derryb

what kind of changes to registered insured? Anyone got a report?

gsa1fan

<< <i>How this for insurance:

This morning I picked up a 9k coin from a customer who wants me to submit it , he placed it between 2 cardboard pieces and mailed it in a regular envelope.

Made it fine this am. >>



I have got a silver dollar sent same off eBay. Several 1 ounce or less silver bars. 9K coin now that is faith in the system

mbogoman

Link to USPS Notice 123

Here is a link to USPS pricing effective 5/31/15. On the left there is a link to a PDF version which you can save for further reference.

Raufus

<< <i>

<< <i>I just sent a USPS Overnight Express Mail package from Maryland to Newport Beach California yesterday (Monday)

I put $3,200.00 insurance on it ... and the insurance fee was $12.50

The express mail postage was around $44

for a total of $56.50 >>



My experience yesterday was completely different from yours.

I was sending a package from California to North Carolina.

To insure the package for $3500 the cost was $47, plus express postage of $35

Total cost of $82

Shouldn't online charges be the same? >>

.

Which service were u using? Was it express mail? Unreal.

derryb

Looks like insurance costs are the brunt of the increase. Maybe USPS is trying to push customers to other insurance sources.

robec

<< <i>

<< <i>

<< <i>I just sent a USPS Overnight Express Mail package from Maryland to Newport Beach California yesterday (Monday)

I put $3,200.00 insurance on it ... and the insurance fee was $12.50

The express mail postage was around $44

for a total of $56.50 >>



My experience yesterday was completely different from yours.

I was sending a package from California to North Carolina.

To insure the package for $3500 the cost was $47, plus express postage of $35

Total cost of $82

Shouldn't online charges be the same? >>

.

Which service were u using? Was it express mail? Unreal. >>



Yes, Priority Express.

Here are the USPS insurance charges effective May 31. These prices aren't for Registered mail.

derryb

<< <i>Here are the USPS insurance charges effective May 31. These prices aren't for Registered mail. >>


where would one find the current insurance charges for Registered mail?

Raufus

<< <i>

<< <i>

<< <i>

<< <i>I just sent a USPS Overnight Express Mail package from Maryland to Newport Beach California yesterday (Monday)

I put $3,200.00 insurance on it ... and the insurance fee was $12.50

The express mail postage was around $44

for a total of $56.50 >>



My experience yesterday was completely different from yours.

I was sending a package from California to North Carolina.

To insure the package for $3500 the cost was $47, plus express postage of $35

Total cost of $82

Shouldn't online charges be the same? >>

.

Which service were u using? Was it express mail? Unreal. >>



Yes, Priority Express.

Here are the USPS insurance charges effective May 31. These prices aren't for Registered mail.
>>



Thanks!

Were the old rates $1/$100?

asheland

LindeDad

Lot for them to put a steal me sign on your package seems to me.

If one lets the amount to be printed on the label that is.

jdimmick

coin made it ,

was an 1802 Draped Bust Dollar in au55-58 range

BAJJERFAN

<< <i>

<< <i>I just sent a USPS Overnight Express Mail package from Maryland to Newport Beach California yesterday (Monday)

I put $3,200.00 insurance on it ... and the insurance fee was $12.50

The express mail postage was around $44

for a total of $56.50 >>



My experience yesterday was completely different from yours.

I was sending a package from California to North Carolina.

To insure the package for $3500 the cost was $47, plus express postage of $35

Total cost of $82

Shouldn't online charges be the same? >>



One would think so. When I saw his $12.50 insurance for a $3200 shipment, it seemed way low. Even before the rate increase insurance for a $3K express mail was spendy. He got lucky; seems like $42.50 would have been more like it.

BG

Sent out today:

Priority Flat rate box - $5.95

$280 in insurance - $4.60

Signature Confirmation - $3.00

Total - $13.55


Black Insurance forms now go to $500 (no signature required) and Blue are $501 and up.

pf70collector

FYI. Don't expect a signature PDF if you choose electronic return receipt ($1.35) when you ship registered mail. You probably won't get it. Just a confirmation it was delivered.

I always received a signature PDF when I chose this option. Lately the USPS has not been doing this. It is dangerous when you are shipping $100s of dollars of coins via ebay sales and you have no proof of a signature.

Next time I am going to add the regular signature confirmation to my registered mail and see if that works. Even registered mail is getting shabby.