Do I need Insurance on a CBCS Submission?12334

Originally Posted by esaravo
When you submit to CBCS, you need to insure the package you are sending them for its replacement value if its lost or damaged on its way. If your collector's insurance covers that, you probably do not have to add any additional insurance to your package (I would check the policy). When you fill out your Invoice to CBCS, the fair market value you select for each book does a few things. First, it can bump that book up to a higher grading tier if the book's value warrants it (you can always choose a higher tier yourself, but you cannot choose a lower tier). There is also a cumulative effect of the values. The total value (along with the number of books) is (are) used to determine your return shipping costs - so those costs are based on the size/weight of the package (ie. number of books/slabs) and the insured amount CBCS has to cover them for (total replacement value).
If you have a FedEx or UPS account, I believe you can have CBCS bill them instead (and if you already have secondary insurance, you would not need to add it to that cost), but CBCS will still charge you a lower fee for packaging the books/slabs. I believe that this is how @drchaos manages his massive book shipments. Care to add anything, Corey?