Insurance17831
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drmccoy74 private msg quote post Address this user | |
If you have Collectors Insurance do you still need to insure books you send in for grading? Thank You |
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drloko private msg quote post Address this user | |
My policy covers damage to/from grading. | ||
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chester15 private msg quote post Address this user | |
The quick answer is....no, you don't. But there are caveats to that. You have to make sure that any shipments you send that are covered by CIS are "Signature Required". You also have to be sure that the method used to return them to you is "Signature Required". If not sent that way, not covered. This probably won't apply, but if your coverage limit is $10,000, you wouldn't be covered for a shipment worth $25,000. If you have a Dealer Policy, your shipment coverage is usually only 10% of the full coverage amount. Dealer Policies also have a $200 deductible, so in that case you would want to insure the first $200 through the carrier. |
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drmccoy74 private msg quote post Address this user | |
Cool. Not worth grading to me if you lose so much money in insuring both ways. | ||
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multi007 private msg quote post Address this user | |
For very expensive shipments, would it be better to fly and hand deliver them to the CBCS company? | ||
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Bronte private msg quote post Address this user | |
Even if you hand delivered them, unless you pick them up you will still have problem of the books returned via a shipping carrier. Honestly I've sent books to grading companies in excess of 20k and had zero issues. While that may be chump change to some folks to me it's a hefty sum. |
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EbayMafia private msg quote post Address this user | |
Quote:Originally Posted by Bronte In my house we use $20K bills as napkins. Not sure why, just how I was raised. |
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Bronte private msg quote post Address this user | |
@EbayMafia When is the invite for dinner? |
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Silversorrow private msg quote post Address this user | |
You may not even have a choice anyways. The most recent order I sent in, I purposely did not select insurance to save money since it's quite expensive. When my order got there they added it to my order and charged me for it anyways without even asking me........... | ||
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multi007 private msg quote post Address this user | |
Quote:Originally Posted by Bronte Ahh. Didn’t think of that. ![]() |
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tonyz58 private msg quote post Address this user | |
Chester15.....thanks..never thought about the return delivery | ||
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