How do you make sure your rolex is insured through shipments?

[MikeMc]

There are some nuances that are not covered in the previous discussions. We are an AD and US Postal Service Registered Mail is statistically the safest. It's kind of a pain, brown tape is so that they can stamp all of the seams, (tamper protection). You can insure it for any amount including $1,000.000, however their maximum liability is $25,000 so don't insure for more. Yes it is slow, we're on the west coast and it usually takes a week to send to Rolex NY. We've had it take two weeks, and their tracking is terrible. Your watches should be insured through your homeowner's or renter's policy on a personal articles floater or jewelry floater. Jewelers Mutual will do this also. It will need an original receipt or an appraisal. Then you will be insured either way. We have a special policy through our business insurance that covers Fed Ex to $50,000. We still send Registered Mail to Rolex as that is their requirement. Our policy covers shipping to vendors or a vendor to us, or to a customer but not from a customer to us. I think the insurance agent that told the client that if they sold the watch and they are shipping it to the buyer and it's not covered, is correct. It technically now belongs to the buyer. You may have a problem or may luck out. I had a car broken into and our luggage was stolen. It was with my wife and we had our niece with us. Our luggage was covered, our nieces wasn't because our policy only covers our goods. We also had a dress in the luggage that we were going to give to my Mother-in-law. Since we hadn't given it to her it was covered. Had we given it to her, it wouldn't have been covered. Insurance coverage is specific and the you don't want to be caught in a "weasel" clause. I believe the requirement for Rolex to send US Postal Service only is because if you steal mail it is a Federal crime. Another deterrent.

[GreenLantern]

By the way, I just discovered that USPS Registered Mail can be insured up to $50k now (up from the $25k mentioned above and earlier in this thread).

https://www.usps.com/ship/insurance-extra-services.htm

[Jason71]

ParcelPro if I sell a watch

[bbressler]

Originally Posted by Runnin' Rebel

Please double check, you know it's a huge company and you might get different information. I called 4 different times and all 4 different people said about the same thing.
I just clarified what I was exactly doing and they said yeah, as long as it's tracked and signed for at the end. And like I said don't send it late in the week incase it gets stuck over the weekend. I use FEDEX over night they said that's a good way to minimize any issues


Sent from my iPhone using Tapatalk

When I sold my last watch I called USAA to see if VPP covered it through shipping and was told no

[GreenLantern]

Originally Posted by GreenLantern

By the way, I just discovered that USPS Registered Mail can be insured up to $50k now (up from the $25k mentioned above and earlier in this thread).

https://www.usps.com/ship/insurance-extra-services.htm

Hmm, ok, now I'm wondering who to believe: USPS's website (linked above) or the paper Registered Mail form that I just grabbed from the post office.

Their website states the limit is $50k.

Registered Mail

Get maximum security for your valuable items. Registered Mail items can be insured for up to $50,000 at your Post Office™.

The paper form states the limit is $25k.

They both come from the USPS, so which to believe?

[Flstfirider]

ParcelPro is nice because it gives you the fleaxbility to ship UPS or FedEx. I shipped a watch to New York City and the package was automatically routed to a third party armored / armed delivery service.

ParcelPro is the way to go if you are selling/flipping watches frequently.

[GreenLantern]

Originally Posted by Flstfirider

ParcelPro is nice because it gives you the fleaxbility to ship UPS or FedEx. I shipped a watch to New York City and the package was automatically routed to a third party armored / armed delivery service.

ParcelPro is the way to go if you are selling/flipping watches frequently.

Problem is individuals can't use it, right? Unless we set up a business account with them.

Funny that they cover FedEx shipments despite being owned by UPS now. :)

[breitlings]

Registered mail insured for full value.

[GreenLantern]

Again though, what do people do for watches over $25k or over $50k?

[Jason71]

Originally Posted by GreenLantern

Problem is individuals can't use it, right? Unless we set up a business account with them.

Funny that they cover FedEx shipments despite being owned by UPS now. :)

You can set up an individual account. I did recently. Explain your situation and you should be able to get it done. Many of my shipments with ParcelPro have been actually cheaper (not to mention MUCH faster) than USPS insured for the same amount.

[mailman]

If I'm shipping I use FedEx insured with CGI.

http://www.centinelcorp.com

[MonBK]

Originally Posted by mailman

If I'm shipping I use FedEx insured with CGI.

http://www.centinelcorp.com

Traitor.

[mailman]

Originally Posted by MonBK

Traitor.

If your package goes missing who would you rather talk to? Customer service or the owner of the company who's on the hook if the package doesn't show up

[MonBK]

Originally Posted by mailman

If your package goes missing who would you rather talk to? Customer service or the owner of the company who's on the hook if the package doesn't show up

A little bird told me that if you ship USPS registered mail it won't go missing.

[breitlings]

I would still use registered mail even if it was not insured for the full value. What mon says above is right imo.

[mailman]

Originally Posted by MonBK

A little bird told me that if you ship USPS registered mail it won't go missing.

That's correct Impossible to track and takes a long time to get there. Is it the most secure way, you bet