[Elecraft] Elecraft insurance rate?

[ab2tc]

Hi,

I am aware of the UPS calling their insurance "declared value". Can somebody
enlighten me as to what it means? Literature by UPS is very adamant that
"declared value" is not insurance. Then exactly what is it? My expectation
is that if the package is damaged or lost I will receive fair compensation
up to the "declared value".

On the topic of Elecraft's new insurance charges, I have been told by
somebody at Elecraft in the past that they are "self insured". I take that
to mean that they will take their chances and absorb the loss if a package
is damaged or lost. It may very well make economic sense for large shipping
volumes in the long run. BTW I have *never* have anything shipped to or from
me damaged or lost. Not even a scratch to the shipping carton. So the notion
of UPS strongmen tossing packages around must be a myth. The same thing goes
for the post office. It has become a very competitive parcel service in
recent years.

AB2TC


Grant Youngman-2 wrote
> The only “oracle" required is, for example, the UPS website (or whatever
> shipper you choose) —
> https://www.ups.com/media/en/value-added_pricing_daily.pdf
> <https://www.ups.com/media/en/value-added_pricing_daily.pdf>.  
> 
> 90 cents per $100 in excess of the initial $100 is the standard rate for
> “declared value” on UPS.  YMMV.
> <snip>





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