Originally Posted by
MattInTheHat
I remember seeing a post quite a while ago that instead of buying insurance, somebody put the cost of insurance into a jar.
when there was an issue, they took the cost of the item out of the jar. seemed to work out fine.
I do not remember who posted it.
Might have been me
I use Self Insurance
Never a problem with a claim,
Unused money (Profits) takes me and the wife out for dinner and drinks several times a year
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If you have the damaged item / package shipped back to you
No longer eligible to open Insurance claim >> as the damage could have happened on the return trip
For USPS Insurance, I don't purchase extra but happy to use what they give me for the rare lost package
Either party can open a claim on line >> I open the claim and list myself (sender) as the person to get any payout and at that point give the Buyer a FULL refund
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Kalvlin had asked >>
In the case he said it was damaged in shipping isn't there some kind of insurance that you can charge buyers that will protect you and them in that case ?
If you are charging for shipping You can have a handling fee built into your shipping cost and you can add your Insurance cost there
BUT you can't charge the Buyer a separate Insurance fee
I do mostly FREE shipping and my self Insurance fee is built into the item price
Buyers have no need for Insurance
Any Insurance is for the Sellers protection
If the package never arrives >> Buyer opens INR claim >> Item Not Received >> and gets a FULL refund >> Item price plus any shipping they were charged
If the package / item arrives damaged >> Buyer opens SNAD claim >> Significantly Not As Described >> and gets a FULL refund >> Item price plus any shipping they were charged
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