USPS insurance rate increase

Dice21 · March 30, 2011 12:24AM

Holy moly: Rates almost doubled overnight!!

drwstr123 · March 30, 2011 12:42AM

Ya don't like it, go to the other Post Office.....oh.....never mind.

SeaEagleCoins · March 30, 2011 12:46AM

Please point out the doubled prices. I just copied their price list for insurance from their website and I do not see any increases... but then, that's just me...

Insurance Prices
Insure your item up to $5,000 against loss, rifling, and damage. Get the price you need by the declared value of the delivery and additional services listed here.

Domestic Insurance Prices
Amount for Merchandise
Insurance Coverage Desired Price1
$0.01 to $50 $1.75
$50.01 to $100 $2.25
$100.01 to $200 $2.75
$200.01 to $300 $4.70
$300.01 to $400 $5.70
$400.01 to $500 $6.70
$500.01 to $600 $7.70
$600.01 to $5000
(maximum liability is $5,000) $7.70 plus $1.00 per $100 or fraction thereof
over $600 in declared value
1 Bulk insurance discount $0.80 per piece.
Eligibility requires a minimum of 10,000 insured articles annually. For more information and to apply, see your local Postmaster.
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Express Mail Insurance Prices
Amount for Merchandise
Insurance Coverage Desired Price1
$0.01 to $100.00 $0.00
$100.01 to $200.00 $0.75
$200.01 to $500.00 $2.15
$500.01 to $5,000.00 $2.15 plus $1.40 for each $500 or fraction thereof over $500
1 Express Mail merchandise maximum coverage: $5,000.
Document reconstruction maximum

jt88 · March 30, 2011 5:13AM

I am not sure about the insurance but I know their priority small flat rate box rate was increased. It was less than $5 but now it is $5.20. The large size priority was around $12 now it is $14.95. I could be wrong on this.

OPA · March 30, 2011 5:19AM

<< <i>Holy moly: Rates almost doubled overnight!! >>

Your statement might be true if you are comparing it to a 5 year old chart. What is your reference?

commoncents05 · March 30, 2011 5:20AM

That's why I use a third party insurer.

-Paul

mrearlygold · March 30, 2011 5:20AM

If you are sending packages with any degree of regularity you shouldn't be paying those prices at the post office. You should buy basic coverage with someone like Barb Wingo and get fedex or express mail coverage. Or reg mail.

If you're not sending with regularity it shouldn't amount to much

LindeDad · March 30, 2011 5:22AM

Looks like a 10¢ increase in the base to me.
They raised a lot of the rates about that amount the first of the year.

messydesk · March 30, 2011 5:28AM

<< <i>That's why I use a third party insurer. >>

Me, too. Even without having a policy though them, you can get "a la carte" insurance for $1.05 per $100 of coverage within the US. Linky

jessewvu · March 30, 2011 5:33AM

The rate increase was about 10% at most across all methods. It went into effect a while ago.

RGJohn · March 30, 2011 7:39AM

I love the post office.
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I realise that that is not an opinion which is universally shared.
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They provide reliable service at reasonable prices. They keep their hours. You know that each one has exactly what have all the others. Your stuff is safe with them. If you go out of town for 3 days, your stuff isn't returned as 'undeliverable'. They keep it until you return. If you get into town after midnight, there is a key in your mailbox so you can pick up your packages from the locker. I couldn't exist without them. I love them.

USPS insurance rate increase

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