John from PA wrote in post #17635376
You missed my point. High insurance doesn't get you more money back if a package is lost, it gets you visibility for the search effort. UPS or FedEx won't make much of an effort to find a package insured for $100 but they will get off their backside when you insure it for $1000.
I think the point is that why would you want to constantly pay higher rates of insurance, when either they will pay the insurance claim if they cannot find it, or do a longer search to try to locate it. Insurance is still just that, insurance, and if you add up everything you spend on insurance after 2-3 years, then look at how many claims you have had to file, what do you think the results will be? Paying for over-insurance just to get a higher priority to search for a lost item just adds to the overall amount spent.
I am not saying what you are doing is a bad decision, it seems to work for you, but for myself, that is a bit overkill and financially unsound. I want them to find the item, or cover the costs of the item in full, in a reasonable amount of time. That is my expectation of this insurance, and don't want to pay any more than I have to for it. I already feel that with all the rate hikes across the board, regardless of the much lower fuel costs that we are seeing, I am getting royally hosed.
Even USPS... they just raised their rates so that a 1oz #000 bubble mailer now costs $2.04 first class using online postage. However, if I put a stamp and purchase delivery confirmation manually, the cost is about 1/2 that or less. Over a 100% markup just to use online tools to automatically generate a barcoded shipping label, making their lives a bit easier than if I have to go in. Sorry, I digress.