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Can register mail for up to $15M but insure only to $50k. Why?
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<p>[QUOTE="calcol, post: 2771626, member: 77639"]I looked through the domestic mail manual online, mostly by searching with the term "insur", and didn't find a mention of more than $50k insurance being available. However, I do believe you when you say that some post offices in NYC have greater amounts available. Must be a local thing to accommodate high value shippers like the diamond district.</p><p><br /></p><p>Harry Winston used registered mail to send the Hope diamond to the Smithsonian in 1958. A pic of the package is below. Chances are it would cost a tad more to ship it today.</p><p><br /></p><p>I did find an interesting section in the mail manual, which is also below. USPS wants you to declare full value, even if more than $50k, so they can collect the high registration fee even though they won't pay you more than $50k if it doesn't arrive.</p><p><br /></p><p>Cal</p><p>==================================================</p><p><b>500 Additional Services</b></p><p><b>503 Extra and Additional Services</b></p><p><b>2.0 Registered Mail</b></p><p><b>2.2.1 Declaring Full Value</b></p><p><br /></p><p>The mailer must always declare the item’s full value (see chart below) to the USPS (by stating it to the USPS clerk or entering it on the firm sheet if a firm mailer) when presenting it for registration and mailing. Private insurance carried on Registered Mail does not modify the requirements for declaring the full value.</p><p>==================================================</p><p><br /></p><p><br /></p><p>[ATTACH=full]639281[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 2771626, member: 77639"]I looked through the domestic mail manual online, mostly by searching with the term "insur", and didn't find a mention of more than $50k insurance being available. However, I do believe you when you say that some post offices in NYC have greater amounts available. Must be a local thing to accommodate high value shippers like the diamond district. Harry Winston used registered mail to send the Hope diamond to the Smithsonian in 1958. A pic of the package is below. Chances are it would cost a tad more to ship it today. I did find an interesting section in the mail manual, which is also below. USPS wants you to declare full value, even if more than $50k, so they can collect the high registration fee even though they won't pay you more than $50k if it doesn't arrive. Cal ================================================== [B]500 Additional Services 503 Extra and Additional Services 2.0 Registered Mail 2.2.1 Declaring Full Value[/B] The mailer must always declare the item’s full value (see chart below) to the USPS (by stating it to the USPS clerk or entering it on the firm sheet if a firm mailer) when presenting it for registration and mailing. Private insurance carried on Registered Mail does not modify the requirements for declaring the full value. ================================================== [ATTACH=full]639281[/ATTACH][/QUOTE]
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Can register mail for up to $15M but insure only to $50k. Why?
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