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ť So what exactly is Fed Ex's policy on shipping jewelry insured?

So what exactly is Fed Ex's policy on shipping jewelry insured?

P: 5/10/2006 4:57:16 PM
niceguymr Rough Rock Total Posts: 72 Last Post: 5/7/2009 Member Since: 4/20/2006	I saw some posts that were dated over a year ago and am wondering what anyone knows about FedEx's policy on shipping / insuring jewelry? Is simply declaring the amount of the jewelry sufficient?
Posted: 5/10/2006 4:57:16 PM

There are 15 replies to this message. There are 15 replies on this page.

P: 5/10/2006 6:54:27 PM
oldminer Ideal Rock Total Posts: 4,966 Last Post: 11/24/2009 Member Since: 9/4/2000	You cannot insure jewelry with Fed-Ex unless you are a dealer with private insurance or use Fed-EX DVX. Consumers canot ship Fed-Ex and insure jewelry. David S. Atlas GG(GIA), ASG, Sr. Mbr. NAJA www.datlas.com
Posted: 5/10/2006 6:54:27 PM

P: 5/10/2006 6:55:10 PM
perry Ideal Rock Total Posts: 1,782 Last Post: 11/16/2009 Member Since: 9/19/2004	No. Technically, as I understand it, FedEx does not sell insurance on their packages. To do so they would have to be licensed by each state. They sell some form of "consideration" of loss value replacement. You have to declare how much and pay an extra fee. If there is a loss - they will consider reimbursing you for the value of the product you were shipping. They are under no legal obligation to reimburse you except for the shipping charges of the package. Perry
Posted: 5/10/2006 6:55:10 PM

P: 5/10/2006 7:08:16 PM
diamondseeker2006 Ideal Rock Total Posts: 17,609 Last Post: 11/18/2009 Member Since: 1/11/2006	My understanding is the US Postal Service is the best way to insure and send an expensive jewelry item. ~~~ When in doubt...don't.~~~
Posted: 5/10/2006 7:08:16 PM

P: 5/10/2006 8:39:09 PM
niceguymr Rough Rock Total Posts: 72 Last Post: 5/7/2009 Member Since: 4/20/2006	Well then what is the point of the 'declared value' field on the shipping forms?
Posted: 5/10/2006 8:39:09 PM

P: 5/10/2006 8:54:55 PM
niceguymr Rough Rock Total Posts: 72 Last Post: 5/7/2009 Member Since: 4/20/2006	Suppose you have it covered under your homeowners insurance and FedEx loses it?
Posted: 5/10/2006 8:54:55 PM

P: 5/10/2006 9:15:51 PM
perry Ideal Rock Total Posts: 1,782 Last Post: 11/16/2009 Member Since: 9/19/2004	Most homeowner policies have exclusions for items being shipped. However, for the exact details of your policy - contact your insurance agent. As for what the "declared" value spot is for. As FedEx. I believe that Diamond Seeker provided the best method. The US postal service will absolutly insure a valuable item up to I believe $25000. I also suggest that you send it registered - return reciept requested. They will even do so with priority mail so that you have several day delivery service Normal delivery can take a while. Perry
Posted: 5/10/2006 9:15:51 PM

P: 5/10/2006 10:10:57 PM
lilmaria Cut Rock Total Posts: 213 Last Post: 9/17/2006 Member Since: 1/22/2006	They are right, FedEx will not insure your package for anything more than what it costs to send it. UPS will, however they are more expensive than the USPS. Go with USPS registered mail, different price points for different values. They have each person who handles your package sign for it and you can track it online. I just sent my ering back to NY to get the head changed and it took 2.5 days to get there. I believe the jewler's sending it back the same way, but if he uses UPS, I'll let you know how long it took - still waiting! Good luck
Posted: 5/10/2006 10:10:57 PM

P: 5/11/2006 8:47:47 AM
Sue Fritz Rough Rock Total Posts: 54 Last Post: 6/29/2007 Member Since: 11/22/2003	Date: 5/10/2006 4:57:16 PM Author:niceguymr I saw some posts that were dated over a year ago and am wondering what anyone knows about FedEx's policy on shipping / insuring jewelry? Is simply declaring the amount of the jewelry sufficient? We have a great deal of experience with jewelry shipments. Based on our shipment losses, the United States Postal Service is the safest way to ship. We recommend either Registered Mail or Express Mail. You can track both online. With Registered Mail, you must declare the full value of the item you are shipping; the post office will charge you for shipping and insurance. There's one catch. Even though you pay insurance for the full value, the most you can collect from the post office is $25,000. Registered Mail can take 7-10 days to deliver. With Express Mail, you don't declare a value. You can insure a package for up to $5,000, and you get overnight or two-day delivery, depending on where you are shipping from and where the package is going. Sue Fritz Jewelers Mutual
Posted: 5/11/2006 8:47:47 AM

P: 5/11/2006 12:46:48 PM
Mara Ideal Rock Total Posts: 27,936 Last Post: 11/25/2009 Member Since: 10/30/2002	I hate using USPS to ship my jewelry, talk about a nerve-wracking 5 days waiting for it to get to the destination! UPS will insure a jewelry piece, NOT a loose diamond, but a brooch, ring, necklace, etc they will let you ship with insurance through them. I used the UPS Red in the past to ship my ring, it was $75 for a $12k value I think at the time and it just made me feel better to know that I was dropping it off at 6pm and that the vendor would have it the next morning by 8am my time...so it was only on a truck/plane to be quickly moved rather than sitting around locked up in some box for a day etc. But not everyone agrees, some people swear by USPS ... I just hate shipping jewelry. So I try not to do it period. But when I have to I think I would UPS overnight again. I'd rather freak out for one night than 5 days. ________________________________ "Insanity: doing the same thing over and over again and expecting different results." -Albert Einstein
Posted: 5/11/2006 12:46:48 PM

P: 5/11/2006 12:53:36 PM
jasontb Cut Rock Total Posts: 226 Last Post: 5/14/2009 Member Since: 2/10/2006	The Hope Diamond was once sent by USPS certified mail. I'd say it comes down to how fast you want it there vs. how much you want to spend on shipping.
Posted: 5/11/2006 12:53:36 PM

P: 5/11/2006 1:05:19 PM
Whitefoot Rough Rock Total Posts: 44 Last Post: 5/11/2006 Member Since: 10/8/2005	keep in mind UPS Lost my ring. They finally paid after a month, but thats only hafter pushing them. They handled it VERY Poorly, and we were very upset. We have since STOP using UPS and will not order anything online that comes UPS. We contact the mercent to insure a diffrent delivery method. I know its extreem but it all starts with just one Person!!! FYI whiteflash provided a very beautiful ring the second time around and it came Fedex as promised
Posted: 5/11/2006 1:05:19 PM

P: 5/11/2006 1:44:02 PM
Mara Ideal Rock Total Posts: 27,936 Last Post: 11/25/2009 Member Since: 10/30/2002	WhiteFoot glad to hear you got the refund back from UPS!!! At least I know in the future if something happens then they DO work things out. In terms of customer service and all that, UPS is not my favorite regardless, I actually hate them as a shipping company, they have the worst service, they are the most expensive and they take the longest for things like regular ground. Que sera sera. ________________________________ "Insanity: doing the same thing over and over again and expecting different results." -Albert Einstein
Posted: 5/11/2006 1:44:02 PM

P: 5/11/2006 1:49:04 PM
Whitefoot Rough Rock Total Posts: 44 Last Post: 5/11/2006 Member Since: 10/8/2005	you have a choice when shipping. DO NOT use UPS.. DONT use them!
Posted: 5/11/2006 1:49:04 PM

P: 5/11/2006 1:52:17 PM
Mara Ideal Rock Total Posts: 27,936 Last Post: 11/25/2009 Member Since: 10/30/2002	Date: 5/11/2006 1:49:04 PM Author: Whitefoot you have a choice when shipping. DO NOT use UPS.. DONT use them! hehe unfortunately for me in our office that is all we use as we have the best rates with them, and so we ship 99% of our items through UPS for all our clients. also many of our clients have UPS accounts we ship things on...so as much as I would prefer FedEx...UPS is ingrained in our lives whether we like it or not. ________________________________ "Insanity: doing the same thing over and over again and expecting different results." -Albert Einstein
Posted: 5/11/2006 1:52:17 PM

P: 5/11/2006 2:02:15 PM
Whitefoot Rough Rock Total Posts: 44 Last Post: 5/11/2006 Member Since: 10/8/2005	AOL used to be the only Dial up service now there are many others. You can make a change.. Just starts with one person!
Posted: 5/11/2006 2:02:15 PM

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