----- Original Message -----
From: "Larry Colen"
Subject: Re: Shipping jewelry
> 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.
I certainly wasn't advocating doing this scam. I just have this
compulsion to find the bugs in the system.
They don't verify the value until after you try to claim a loss, at which
time you have to both prove that you actually had jewelry of that value, and
that it is what was in the box that went missing.
At least according to my brother who actually does ship fairly expensive
jewelry on a routine basis.
William Robb
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