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<p>[QUOTE=&quot;Blaubart, post: 1500738, member: 37498&quot;]Wow, talk about an old thread.</p><p><br /></p><p><br /></p><p>Why?&nbsp; They charge the insurance fee based on your valuation, why not use your valuation should they fail to deliver it?</p><p><br /></p><p>I wholeheartedly disagree with their policy of only paying the amount shown on a receipt or the value as determined by an appraiser.&nbsp; Sentimental value exists and is completely legitimate.&nbsp; If a person is willing to fork over the extra money for $1000 of insurance for a painting their great-great-great-grandfather made, even though it would only fetch $10 at an auction, then so be it.&nbsp; They might be the only person in the world for whom that painting is worth $1000, but it is worth that to them nonetheless.</p><p><br /></p><p>Or, here&#039;s another example.&nbsp; Let&#039;s say you kept a journal of your travels around the world for a couple years when you were in the Merchant Marines.&nbsp; How would one calculate the value of this journal?&nbsp; What is the value to you?&nbsp; What would the USPS say the value is?&nbsp; You could say it took you 1000 hours to write all the entries.&nbsp; At $20 an hour, that would be $20,000.&nbsp; Maybe you wanted to write an autobiography someday and without that journal, it wouldn&#039;t be accurate.</p><p><br /></p><p>I say it&#039;s none of the USPS&#039;s business.&nbsp; If you insure it for $20,000 and they accept it, they are responsible for it until it reaches its destination.&nbsp; Seeing as they accepted the payment for $20,000 worth of insurance, they should fork over $20,000 if they lose it.</p><p><br /></p><p>I know they do this to deter fraud, but I bet it affects legitimate victims of loss more than anyone else... :rollling:[/QUOTE]</p><p><br /></p>

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