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pilotjim · 16 February 2018, 12:04 AM

Not sure if this is the right place for this question, but I recently sold a watch here on the forum, and I went into a Fedex store to ship it. I asked for insurance to cover the value of the watch ($5,000) and was told they only provide coverage up to $1,000.

I was somewhat surprised as their website indicated otherwise. I called another Fedex office in another city and was told the same thing.....$1,000. So, I wound up using USPS.

Some sellers on here use Fedex insured shipping, so I was just wondering if anyone else has had the same experience.

jrs146 · 16 February 2018, 12:10 AM

I think most people, along with myself, use a third part for insurance. I ship via Parcel Pro. When using them I can ship via FedEx or UPS with Parcel Pro insurance. I think they cover up to $50,000 in most situations. This is very different. You are not using the carriers insurance, which I believe actually isn’t insurance at all. It’s more of a “declared value” of some sort that they make you jump through hoops to get.

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DoctorA · 16 February 2018, 12:58 AM

Real interesting!! I don’t think I ever checked or cares to Check when my AD sent me my watches!!
I guess I will from now on!

masyv6 · 16 February 2018, 01:02 AM

Quote:

Originally Posted by jrs146

I think most people, along with myself, use a third part for insurance. I ship via Parcel Pro. When using them I can ship via FedEx or UPS with Parcel Pro insurance. I think they cover up to $50,000 in most situations. This is very different. You are not using the carriers insurance, which I believe actually isn’t insurance at all. It’s more of a “declared value” of some sort that they make you jump through hoops to get.

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Many threads on the forum confirm this

tng11 · 16 February 2018, 01:03 AM

ParcelPro is your friend. They cover up to $50K, I believe. Hassle free, easy and very reasonable pricing.

DESH · 16 February 2018, 01:42 AM

Quote:

Originally Posted by DoctorA

Real interesting!! I don’t think I ever checked or cares to Check when my AD sent me my watches!!
I guess I will from now on!

My AD uses USPS registered mail.

Toony · 16 February 2018, 01:44 AM

My AD also uses US Mail. Federal crime if someone steals from Post Office.

kilyung · 16 February 2018, 01:47 AM

Only Parcel Pro for me. If you buy insurance for a large sum, it attracts the attention of nefarious individuals and packages disappear.

samson66 · 16 February 2018, 03:20 AM

Interesting. When I purchased a watch from DavidSW recently I asked the same question about insurance since I was shipping him my trade (FedEx). He said insurance was included. I never asked anymore about it but I wonder if it was in fact only covered to $1K and David was taking a risk in the process? He also advised me not to say what was in the package or what it was worth - as said above, I assume not wanting to draw attention to it.

Mystro · 16 February 2018, 03:22 AM

Quote:

Originally Posted by skg307

My AD uses USPS registered mail.

^^^ USPS Registered Mail is THE way when you are shipping extremely expensive items. Its the platinum standard. There is a accountability log to the package every step of its journey. It is handled a lot different than every other kind of USPS parcels.

101031-28 · 16 February 2018, 03:23 AM

Quote:

Originally Posted by kilyung

Only Parcel Pro for me. If you buy insurance for a large sum, it attracts the attention of nefarious individuals and packages disappear.

This

brandrea · 16 February 2018, 03:26 AM

Quote:

Originally Posted by samson66

Interesting. When I purchased a watch from DavidSW recently I asked the same question about insurance since I was shipping him my trade (FedEx). He said insurance was included. I never asked anymore about it but I wonder if it was in fact only covered to $1K and David was taking a risk in the process? He also advised me not to say what was in the package or what it was worth - as said above, I assume not wanting to draw attention to it.

I bet he's using Parcel Pro

samson66 · 16 February 2018, 03:30 AM

Quote:

Originally Posted by brandrea

I bet he's using Parcel Pro

How does that work as far as insurance goes?

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jrs146 · 16 February 2018, 03:31 AM

Quote:

Originally Posted by skg307

My AD uses USPS registered mail.

Quote:

Originally Posted by Toony

My AD also uses US Mail. Federal crime if someone steals from Post Office.

Quote:

Originally Posted by Mystro

^^^ USPS Registered Mail is THE way when you are shipping extremely expensive items. Its the platinum standard. There is a accountability log to the package every step of its journey. It is handled a lot different than every other kind of USPS parcels.

I'm no expert but I'm willing to bet that when an AD ships using USPS mail they have a separate insurance policy covering these items. USPS Registered mail is a fine method but I would strongly encourage anyone who is relying on the INSURANCE part of USPS mail to really read the fine print. I'm quite sure that these AD's are NOT using USPS insurance with that mail service.

doboy007 · 16 February 2018, 03:34 AM

My AD used UPS to ship/insure my Hulk.

pilotjim · 16 February 2018, 06:00 AM

It cost me $96 to send the watch overnight from Mass to California. That was through USPS with 5k insurance. I didn't think that was too bad. It arrived in just over 24 hours.

UPS was quoting me almost 200.

I will check with Parcel Pro for the next one.....thanks for all the input!

enjoythemusic · 16 February 2018, 06:04 AM

+1 Parcel Pro

kilyung · 16 February 2018, 06:09 AM

Quote:

Originally Posted by pilotjim

It cost me $96 to send the watch overnight from Mass to California. That was through USPS with 5k insurance. I didn't think that was too bad. It arrived in just over 24 hours.

UPS was quoting me almost 200.

I will check with Parcel Pro for the next one.....thanks for all the input!

Parcel Pro would have been around $40 fully insured depending on weight. Parcel Pro also gives you the option to ship Fed Ex or UPS. Prices differ depending on carrier but at pretty close.

kilyung · 16 February 2018, 06:09 AM

Quote:

Originally Posted by samson66

Interesting. When I purchased a watch from DavidSW recently I asked the same question about insurance since I was shipping him my trade (FedEx). He said insurance was included. I never asked anymore about it but I wonder if it was in fact only covered to $1K and David was taking a risk in the process? He also advised me not to say what was in the package or what it was worth - as said above, I assume not wanting to draw attention to it.

Did he send you a shipping label? Then he probably used Parcel Pro.

samson66 · 16 February 2018, 06:12 AM

Quote:

Originally Posted by kilyung

Did he send you a shipping label? Then he probably used Parcel Pro.

Yep

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jrs146 · 16 February 2018, 06:18 AM

Quote:

Originally Posted by pilotjim

It cost me $96 to send the watch overnight from Mass to California. That was through USPS with 5k insurance. I didn't think that was too bad. It arrived in just over 24 hours.

UPS was quoting me almost 200.

I will check with Parcel Pro for the next one.....thanks for all the input!

I shipped a watch around the same distance with 8k insurance recently UPS via parcel pro and it was right around 70. So I would imagine yours would have been maybe 60 bucks or so

drm20 · 16 February 2018, 06:27 AM

Great info guys, thanks! Signing up with parcel pro now!

Fabrice M · 16 February 2018, 06:38 AM

Parcel pro is owned by UPS.

s14roller · 16 February 2018, 06:42 AM

I've always used USPS registered mail for expensive shipments

NKflyer · 16 February 2018, 06:47 AM

Quote:

Originally Posted by samson66

Interesting. When I purchased a watch from DavidSW recently I asked the same question about insurance since I was shipping him my trade (FedEx). He said insurance was included. I never asked anymore about it but I wonder if it was in fact only covered to $1K and David was taking a risk in the process? He also advised me not to say what was in the package or what it was worth - as said above, I assume not wanting to draw attention to it.

He uses a third party insurer. Not Parcel Pro, but one of their competitors.

Parcel Pro is really intended for businesses, or at least very active hobbyists shipping at least a couple items per month. Some individuals have slipped through the cracks and gotten accounts, though.

fskywalker · 16 February 2018, 07:28 AM

Parcel Pro also works with USPS, a lot cheaper and highly rewarded by everyone here!

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4srolex · 16 February 2018, 07:29 AM

Parcel Pro uses both UPS and FedEx. FedEx has a higher rate than UPS but its not that much more.

hbombkid · 16 February 2018, 11:26 AM

My personal property insurance actually covers shipping / until I take the item off my policy.

I then ship overnight using my works fedex account for like 10 bucks.

Once it arrives I then remove it from my policy.

imperio · 16 February 2018, 11:51 AM

Quote:

Originally Posted by hbombkid

My personal property insurance actually covers shipping / until I take the item off my policy.

I then ship overnight using my works fedex account for like 10 bucks.

Once it arrives I then remove it from my policy.

Does anyone know if JM covers a situation like this? i.e. if shipping

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hbombkid · 16 February 2018, 11:53 AM

Quote:

Originally Posted by imperio

Does anyone know if JM covers a situation like this? i.e. if shipping

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No clue on JM. I have Travelers.

16 February 2018, 12:04 AM	#1
pilotjim "TRF" Member Join Date: Dec 2017 Real Name: Jim Location: Mass Watch: BLNR Posts: 439	Fedex Shipping Insurance Not sure if this is the right place for this question, but I recently sold a watch here on the forum, and I went into a Fedex store to ship it. I asked for insurance to cover the value of the watch ($5,000) and was told they only provide coverage up to $1,000. I was somewhat surprised as their website indicated otherwise. I called another Fedex office in another city and was told the same thing.....$1,000. So, I wound up using USPS. Some sellers on here use Fedex insured shipping, so I was just wondering if anyone else has had the same experience.

16 February 2018, 12:10 AM	#2
jrs146 "TRF" Member Join Date: Aug 2011 Real Name: Josh Location: Lost in time Watch: Me Nae Nae Posts: 9,823	I think most people, along with myself, use a third part for insurance. I ship via Parcel Pro. When using them I can ship via FedEx or UPS with Parcel Pro insurance. I think they cover up to $50,000 in most situations. This is very different. You are not using the carriers insurance, which I believe actually isn’t insurance at all. It’s more of a “declared value” of some sort that they make you jump through hoops to get. Sent from my iPhone using Tapatalk __________________ "Sometimes the songs that we hear are just songs of our own." -Jerome J. Garcia, Robert C. Hunter

16 February 2018, 12:58 AM	#3
DoctorA "TRF" Member Join Date: Oct 2017 Location: USA Posts: 6,545	Real interesting!! I don’t think I ever checked or cares to Check when my AD sent me my watches!! I guess I will from now on! __________________ Wear the watch you like, not the one they tell you to wear!

16 February 2018, 06:04 AM	#17
enjoythemusic 2024 Pledge Member Join Date: Nov 2012 Real Name: Steven Location: Glocal Posts: 21,180	+1 Parcel Pro __________________ __________________ ----> Was Great Seeing Everyone At The TRF December 9 Tampa Meetup <---- https://www.rolexforums.com/showthread.php?t=968133 Love timepieces and want to become a Watchmaker? Rolex has a sensational school. www.RolexWatchmakingTrainingCenter.com/ Sent from my Etch A Sketch using String Theory.

16 February 2018, 07:28 AM	#26
fskywalker 2024 Pledge Member Join Date: Aug 2014 Real Name: Francisco Location: San Juan, PR Watch: Is Ticking ! Posts: 25,181	Parcel Pro also works with USPS, a lot cheaper and highly rewarded by everyone here! Sent from my iPhone using Tapatalk Pro __________________ Francisco ♛ 16610 / 116264 Ω 168.022 / 2535.80.00 / 310.30.42.50.01.002 / 210.90.42.20.01.001 Zenith 02.480.405 2FA security enabled

16 February 2018, 01:03 AM	#5
tng11 "TRF" Member Join Date: Jun 2016 Location: N/A Posts: 3,634	ParcelPro is your friend. They cover up to $50K, I believe. Hassle free, easy and very reasonable pricing.

16 February 2018, 01:44 AM	#7
Toony "TRF" Member Join Date: Apr 2013 Real Name: Tony Location: Gatchaman Posts: 1,873	My AD also uses US Mail. Federal crime if someone steals from Post Office.

16 February 2018, 01:47 AM	#8
kilyung 2024 SubLV41 Pledge Member Join Date: Jul 2009 Location: Cave Watch: Sundial Posts: 33,940	Only Parcel Pro for me. If you buy insurance for a large sum, it attracts the attention of nefarious individuals and packages disappear.

16 February 2018, 03:20 AM	#9
samson66 2024 ROLEX SUBMARINER 41 Pledge Member Join Date: Jul 2013 Real Name: Mike Location: Downy Ocean Hon Watch: my money leaving! Posts: 13,793	Interesting. When I purchased a watch from DavidSW recently I asked the same question about insurance since I was shipping him my trade (FedEx). He said insurance was included. I never asked anymore about it but I wonder if it was in fact only covered to $1K and David was taking a risk in the process? He also advised me not to say what was in the package or what it was worth - as said above, I assume not wanting to draw attention to it.

16 February 2018, 03:34 AM	#15
doboy007 "TRF" Member Join Date: Oct 2017 Location: SD, CA Watch: BLNR/LVc/SkyD/ND41 Posts: 2,519	My AD used UPS to ship/insure my Hulk.

16 February 2018, 06:00 AM	#16
pilotjim "TRF" Member Join Date: Dec 2017 Real Name: Jim Location: Mass Watch: BLNR Posts: 439	It cost me $96 to send the watch overnight from Mass to California. That was through USPS with 5k insurance. I didn't think that was too bad. It arrived in just over 24 hours. UPS was quoting me almost 200. I will check with Parcel Pro for the next one.....thanks for all the input!

16 February 2018, 06:27 AM	#22
drm20 2024 SubLV41 Pledge Member Join Date: May 2011 Real Name: Dave Location: Scottsdale, AZ Watch: Just one more Posts: 1,062	Great info guys, thanks! Signing up with parcel pro now!

16 February 2018, 06:38 AM	#23
Fabrice M 2024 Pledge Member Join Date: Nov 2014 Location: Denver Watch: This and that... Posts: 1,649	Parcel pro is owned by UPS.

16 February 2018, 06:42 AM	#24
s14roller "TRF" Member Join Date: Jul 2011 Location: US Posts: 3,257	I've always used USPS registered mail for expensive shipments

16 February 2018, 07:29 AM	#27
4srolex "TRF" Member Join Date: Dec 2014 Location: West Coast Watch: Gears in motion Posts: 572	Parcel Pro uses both UPS and FedEx. FedEx has a higher rate than UPS but its not that much more. __________________ Rolex, Zenith, Omega, Tag Heuer When people ask how was your day? I tell them: "Same circus just different clowns!"

16 February 2018, 11:26 AM	#28
hbombkid "TRF" Member Join Date: Apr 2014 Location: VA Watch: Sub 116610 Posts: 1,082	My personal property insurance actually covers shipping / until I take the item off my policy. I then ship overnight using my works fedex account for like 10 bucks. Once it arrives I then remove it from my policy.

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