For those with Hugh Wood Insurance... question...
pcgs69
Posts: 4,361 ✭✭✭✭
If I ship a coin to someone uninsured and it is lost in the mail, will they cover the loss?
This is hypothetical, but was just wondering if was an alternative to paying USPS insurance fees.
This is hypothetical, but was just wondering if was an alternative to paying USPS insurance fees.
0
Comments
take this to the bank.
I specifically asked. Now that I have your insurance do I need to still insure coins
sent in the mail or do you cover that now. The only way to explain the answer is this.
Yes, you still 'should' insure your coins BECAUSE Hugh Woods will only pick up the difference
above the maximum insurance allowed by the Post Office. In other words, we're on our
own when the coin(s) are $10K or less and sent via u.s.p.s. On the other hand, if you send
a $25K coin via registered and pay for the max insurance, is it still $10K?, and it gets lost
then Hugh Woods will cover the amount above the $10K Post Office limit.
Did I make any sense? It's been at least 4-5 years ago and I haven't asked since then.
Jerry
In honor of the memory of Cpl. Michael E. Thompson