Originally posted by: daveymark
Originally posted by: kranky
The seller is responsible to get the item to the buyer.
If the seller offers insurance and the buyer declines, it's still the seller's responsibility. That's no different than asking the buyer if he wants to pay for shipping, and if the buyer declines then the seller says, "I'll just leave it on the sidewalk, so pick it up whenever you want but it's not my fault if someone else takes it." Nope, you sold it, you get it there.
The whole "offering insurance" is a crock. Sellers need to insure the items if they aren't willing to eat the cost of a lost item. The buyer got the money there, the seller has to get the item delivered. Just add the cost of insurance to the deal and be done with it.
On a different board, an ebay seller asked what to do about an item that sold for $500, and in the auction, what he stated the insurance cost would be would only cover up to $300. He wondered if he should ask the buyer for the extra 90 cents or whatever it was, since the actual insurance cost would cost more than he said in the auction. You just made $200 more than you expected to, nitwit! Eat the 90 cents and thank your lucky stars for your buyer!
this is why as an ebay seller I always say I'll insure it for an extra few dollars, but I never do really insure it.
If you add up the cost over time, if you ship a huge amount of packages, it's not worth it to have it insured logistically. I have shipped over a thousand "insured" packages the past two years, and I just now had a package that was damaged. the value of the item was $30. assuming I charged $2 per item shipped, I just made $1970. For the small time seller it might be worth it to insure. Not for me.
I've had buyers that complain when they find out tyhat I didn't insure the package, but they don't realize I "self insure" the packages. The guy with the damaged item recieved a prompt replacement, and I would've refunded his money if he wanted that.
BTW, that damaged package was actually sent via fedex, so it was automatically insured (they insure up to $100) - BUT they won't cover the claim since the box wasnt as damaged as they'd like it to be. Every courier is like this, the only real way you'll get your money back via insurance is if the item actually gets lost in the mail.
some obvious caveats: Obviously I insure the laptops and computers I ship because paypal requires me to do it. this is for smaller value items. I don't start considering insurance until the item's value reaches around $150. It used to be $50 when I was just starting out. I'll probably bump it up to around $250 in the next few months.
Cliffs: insurance is a waste of money if you're not a small time seller (with some caveats).