Insurance cover - posting high value item

[gillianabanana]

I need to post an item worth £30,000 to the Ebay authenticator.  Can anyone recommend an appropriate courier as Royal Mail, DHL, etc. only cover up to a few thousand pounds.  Thank you

[moonspender]

If it was me i would drive it there so I knew it arrived in the condition it was sold it in.

[moldosgifts]

£30,000 is that correct on ebay just asking to get scammed.

But companies such as dhl will send it and insurance is normally about 1.5% of the cost  so on your total £450ish.

That's just off a quick google search took a full minuet to find so do your research.

[tressygirl]

Please tell us you added a 0 too many and you meant £3,000 which is still a massive amount to sell an item online to an authenticator or not.

The only item I would dream of selling for that price would be a.......  nope sorry cannot think of one.

[gillianabanana]

It's a gold Rolex watch and I think it's a dealer that's bought it for £17,000, but I obviously want to insure it for its actual value, should it get lost along the way...

[kidmore_kats]

It looks like you sold it twice on the same day, or have you got 2 identical watches ?

[gillianabanana]

I did actually contact DHL, rather than just search their website, and they've said £1,000 max.  There is one company an AI search brought up, but they have a negative trust pilot review that their T&Cs state they will not cover private sellers on any market place.  I called Ebay for suggestions and they suggested the business forums and that lots of people send items above the value of mine to their authenticators all the time so there are definitely services. 

[gillianabanana]

I considered that, but they're 173 miles away.

[davrman]

You'd also have no tracking proving delivery to the authenticator if you took it personally...

[gillianabanana]

The buyer couldn't get his 'send me an offer' function to work and asked me to reduced the listed price so he could 'buy it now', but he was a bit quick off the mark and purchased it at the higher price, so I had to cancel it and relist it.

[moonspender]

Yes that makes sense but worth talking to them and see if they will give a receipt ?

I dont think anyone will cover what its worth, i deal in antiques and they will only cover what i paid for an item not what i sell it for ... always check the small print .. i had a case where an item was badly packed by a courier and they said because I had not taken their insurance there was no compensation ... i pointed out you dont pay insurance to ensure they do their job properly.

[davrman]

The authenticator might give a receipt, but would eBay accept it in the case of a claim?

[moonspender]

something to check ? You have to cover everything in these situations ? Every days a school day

[moonspender]

Try searching " transporting high value goods UK " on the net see what you find .... whatever happens let us know how it went, its an interesting situation ive never come across before but it must happen all the time ?

[gillianabanana]

Even Ebay says it's an unusual case (but that wasn't the authentication team - they said it happens all the time).  And I had to post my watch (that I wear) to my insurers when I smashed the crystal and made a claim for repairs, and they sent me a special bag thing and it was insured at its value - so someone somewhere covers watches (DHL, Royal Mail and some others I checked have watches as prohibited items).  Never thought it would be this much of a pain! Am thinking I'll ask the buyer where he's based as he originally wanted to collect it but that bypasses the authentication (and I don't want cash, or a trip to the bank with a stranger).

Anyway, thanks for your comments and suggestions.  Much appreciated.

[tressygirl]

Be aware,  for a collection item cash is no longer allowed.

The process has changed.

Buyer buys and pays through eBay checkout via various card payments or PayPal.

The buyer has to bring along a 6 digit code,  this has to be scanned or numbers manually entered when buyer comes to collect.  This is the only proof you have,  that the item has been collected.

@gillianabanana 

[the-nutwood-collection]

Google 'Secure Delivery Service'.  There are companies that transport high value goods.  Try  https://www.nationwidecourierserviceltd.co.uk/services/secure-delivery/ to get a quote online.

[roger_roger_over_and_nowt]

The saying "Never list anything you don't wanna lose" springs to mind.

[papso22]

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@gillianabanana wrote:

It's a gold Rolex watch and I think it's a dealer that's bought it for £17,000, but I obviously want to insure it for its actual value, should it get lost along the way...

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 Doesn't that mean its actual value is £17,000?  At least as far as you are concerned. 

I would have sold that through a proper auction house and suffered the fees for the peace of mind!

[myriad*seller]

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@gillianabanana wrote:

It's a gold Rolex watch and I think it's a dealer that's bought it for £17,000, but I obviously want to insure it for its actual value, should it get lost along the way...

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No point insuring it for £30,000 if you sold it for £17,000 as the insurer will only pay out £17,000 if it gets lost in the post

They compensate your ACTUAL loss which is £17,000