> The discussio a couple weeks back about shipping jewelry got me to > thinking. When you insure jewelry that you're shipping, do they > verify the value? > > It seems to me that you could buy some costume jewelry, insure it for > $5000, ship it back and forth across the country a few times and > collect the insurance. > > If enough people did this, the shippers would be motivated to crack > down on theft, but they'd probably just raise the insurance rates. >
If you make a false declaration about the value of the insured article you are committing fraud. If the article is subsequently lost in transit you may have to show the loss adjuster some proof of ownership and value, at which point you're on the spike. If you avoid that there is still a possibility that the item will show up later. At that point it is the property of the insurers and they will note the discrepancy between your valuation and theirs, and will probably ask some difficult questions. Even if you get away with it, it's still fraud. Bob -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions.
