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Kawirider · 22 March 2021, 09:38 AM

Hello. Recently I sold a Rolex. Originally, without knowing better I offered it to be shipped fully insured. I had the quote online and I was fine with it. Once I arrived at the FedEx location they told me that the limit on jewelery is $1000.

Apparently you can only insure higher values if you are a jeweler. I immediately contacted the buyer and mentioned this to him(I was not comfortable with it at all) but he told me it’s not problem to send the package anyway. I did, and it arrived so I felt a great bit of relief. I’d hate to think what would happen if the package was lost.

Now, the roles are reversed. I’m looking to buy a watch tomorrow. I am totally content with the seller. And I have no issue or worries with wiring the money.

Only thing now, is I obviously know that this package Can’t be insured. Is there a 3rd party insurance for shipped packages?

I know many will say, buy from a trusted seller but I’m not willing to pay 3k more for the same watch. But at the same time 3k more is always better than a scare of losing 17k.

What would you guys recommend in this situation?

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Tools · 22 March 2021, 09:49 AM

I think that Parcel Pro will insure third party

Seddyspaghetti · 22 March 2021, 10:22 AM

Quote:

Originally Posted by Tools

I think that Parcel Pro will insure third party

I believe you need to be a business owner to use parcel pro

Kawirider · 22 March 2021, 10:23 AM

A lot of sites I’m seeing are for business owners. Although the seller does hold an LLC. Not sure if he can make an account with that.

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JohnnyBer · 22 March 2021, 10:36 AM

I believe that USPS Certified Mail is insurable. It takes a little longer though.

ZOOK · 22 March 2021, 10:52 AM

Centinel Group is an alternative to Parcel Pro. I've never used either, but have also heard Parcel Pro no longer accept individual accounts.

jcarm981 · 22 March 2021, 10:55 AM

Parcel pro does fully insured shipping for the value of the watch. I have it and I’m not a dealer (you have to sign up though with a LLC). You should check but if it’s a trusted seller I’d be almost positive they will insure for the full value. That’s been the case in all my dealings.

22 March 2021, 09:38 AM	#1
Kawirider "TRF" Member Join Date: Oct 2018 Location: NY Posts: 501	Is there 3rd party shipping insurance? Hello. Recently I sold a Rolex. Originally, without knowing better I offered it to be shipped fully insured. I had the quote online and I was fine with it. Once I arrived at the FedEx location they told me that the limit on jewelery is $1000. Apparently you can only insure higher values if you are a jeweler. I immediately contacted the buyer and mentioned this to him(I was not comfortable with it at all) but he told me it’s not problem to send the package anyway. I did, and it arrived so I felt a great bit of relief. I’d hate to think what would happen if the package was lost. Now, the roles are reversed. I’m looking to buy a watch tomorrow. I am totally content with the seller. And I have no issue or worries with wiring the money. Only thing now, is I obviously know that this package Can’t be insured. Is there a 3rd party insurance for shipped packages? I know many will say, buy from a trusted seller but I’m not willing to pay 3k more for the same watch. But at the same time 3k more is always better than a scare of losing 17k. What would you guys recommend in this situation? Sent from my iPhone using Tapatalk

22 March 2021, 09:49 AM	#2
Tools TRF Moderator & 2024 SubLV41 Patron Join Date: May 2007 Real Name: Larry Location: Mojave Desert Watch: GMT's Posts: 43,514	I think that Parcel Pro will insure third party __________________ (Chill ... It's just a watch Forum.....) NAWCC Member

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22 March 2021, 10:23 AM	#4
Kawirider "TRF" Member Join Date: Oct 2018 Location: NY Posts: 501	A lot of sites I’m seeing are for business owners. Although the seller does hold an LLC. Not sure if he can make an account with that. Sent from my iPhone using Tapatalk

22 March 2021, 10:36 AM	#5
JohnnyBer "TRF" Member Join Date: Jul 2012 Location: Texas Posts: 194	I believe that USPS Certified Mail is insurable. It takes a little longer though.

22 March 2021, 10:52 AM	#6
ZOOK 2024 SubLV41 Pledge Member Join Date: Sep 2017 Real Name: Dave Location: PDX Posts: 9,949	Centinel Group is an alternative to Parcel Pro. I've never used either, but have also heard Parcel Pro no longer accept individual accounts.

22 March 2021, 10:55 AM	#7
jcarm981 2024 Pledge Member Join Date: Feb 2014 Real Name: Joe Location: USA Watch: Patek 5167 Posts: 757	Parcel pro does fully insured shipping for the value of the watch. I have it and I’m not a dealer (you have to sign up though with a LLC). You should check but if it’s a trusted seller I’d be almost positive they will insure for the full value. That’s been the case in all my dealings.

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