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<p>[QUOTE="baseball21, post: 8001945, member: 76863"]Yep it's insanely cheaper and if the USPS had rates that were even composable to it many more people would use their insurance that would make them a lot more money. They know and the private companies know that well over 99% of packages of all services will arrive just fine but for some reason years ago someone in USPS decided to try and gouge on insurance prices costing them revenue as people just skip it from the cost or private insurance gets the business. </p><p><br /></p><p>The private insurance is not only significantly cheaper with higher limits, but also if you sign in there is a process to apply for the limits to be raised on a package. The real kick to the groin for USPS is the old administrators were so incompetent setting such absurd insurance rates that its really hard for them to even attempt to roll the prices back to try and regain the revenue back. There was a time that express had lower rates than priority for insurance but some genius decided to change that years ago[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 8001945, member: 76863"]Yep it's insanely cheaper and if the USPS had rates that were even composable to it many more people would use their insurance that would make them a lot more money. They know and the private companies know that well over 99% of packages of all services will arrive just fine but for some reason years ago someone in USPS decided to try and gouge on insurance prices costing them revenue as people just skip it from the cost or private insurance gets the business. The private insurance is not only significantly cheaper with higher limits, but also if you sign in there is a process to apply for the limits to be raised on a package. The real kick to the groin for USPS is the old administrators were so incompetent setting such absurd insurance rates that its really hard for them to even attempt to roll the prices back to try and regain the revenue back. There was a time that express had lower rates than priority for insurance but some genius decided to change that years ago[/QUOTE]
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