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WARNING Parcel Insurance Plan (PIP) default insurance on paypal does not cover coins
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<p>[QUOTE="coinzip, post: 1635374, member: 10938"]The purpose of my post is to create awareness that there are 2 different choices and the default is Parcel Insurance Plan ("PIP") </p><p><br /></p><p>I just sold a US Coin on ebay, first time I have sold something in years. While preparing the shipping label I noticed the default insurance is Parcel Insurance Plan ("PIP") I'm not familiar with this and thought the USP was now farming out their insurance. It turns out the USPS is not farming out their insurance, PIP is acting as an agent for ebay or paypal.</p><p><br /></p><p><br /></p><p>Long story short Parcel Insurance Plan ("PIP") does not cover coins......here is a link to their <a href="http://pages.ebay.com/insurance/shipping/coverage.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://pages.ebay.com/insurance/shipping/coverage.html" rel="nofollow">Terms of Coverage</a></p><p><br /></p><p><br /></p><p>II. THE INSURANCE DOES NOT INSURE:</p><p>Coins, bullion, loose diamonds or stones, stocks, bonds, currency, deeds, evidences of debt, travelers checks, money orders, gift certificates, calling cards, lottery tickets, admission tickets, or any other negotiable documents.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>After reading the terms I went back and noticed there is a drop down that allows you to select USPS Insurance.[/QUOTE]</p><p><br /></p>
[QUOTE="coinzip, post: 1635374, member: 10938"]The purpose of my post is to create awareness that there are 2 different choices and the default is Parcel Insurance Plan ("PIP") I just sold a US Coin on ebay, first time I have sold something in years. While preparing the shipping label I noticed the default insurance is Parcel Insurance Plan ("PIP") I'm not familiar with this and thought the USP was now farming out their insurance. It turns out the USPS is not farming out their insurance, PIP is acting as an agent for ebay or paypal. Long story short Parcel Insurance Plan ("PIP") does not cover coins......here is a link to their [URL="http://pages.ebay.com/insurance/shipping/coverage.html"]Terms of Coverage[/URL] II. THE INSURANCE DOES NOT INSURE: Coins, bullion, loose diamonds or stones, stocks, bonds, currency, deeds, evidences of debt, travelers checks, money orders, gift certificates, calling cards, lottery tickets, admission tickets, or any other negotiable documents. After reading the terms I went back and noticed there is a drop down that allows you to select USPS Insurance.[/QUOTE]
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WARNING Parcel Insurance Plan (PIP) default insurance on paypal does not cover coins
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