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Watches and insurance during shipping // Solution!!

  1. SpeedTar

    SpeedTar Oct 3, 2018

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    Hi All,

    I’m making this post to give my feedback about a new service I use to insure my watches (or parts) during shipping.

    As you may know , all carriers have excluded vintage and collector items from their insurance policy.

    Fedex maximum is 1000$ maximum while DHL , Ups and others have completely banned watches from coverage. You better read carefully the condition terms!!

    The worst part is that I was paying 1% to UPS , and realize few years later that watches were not covered. Of course when at the UPS office , they don’t tell you watches are not covered => when I asked them at the office they told me that is was insured!! May be the employees are not aware of that!

    I discovered recently on Instagram Secursus , which is a french insurance company. They offer a 0,60% rate (usually 1% for the carriers' insurrance) : the most interesting part is that they are covering the final retail value of the watch.

    I have done some search on OF and found this thread, it is the perfect case of trouble we all can have while shipping :

    https://omegaforums.net/threads/fedex-international-package-lost-parcel-pro-claim.64442/page-3

    Personnaly, I am now using this insurance, I believe this may be usefull to the community!

    Here is the website: www.secursus.com
     
  2. MikiJ

    MikiJ Likes songs about Purple spices Oct 3, 2018

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    Here's a couple of options:

    Chubb. If you can afford it then this is the one.
    Their Individual Valuable Articles policy covers whatever and however for up to 150% of their insured value.

    USAA. If you're a US Military active or veteran, it's better than most and affordable.
     
    D.D. likes this.
  3. Tet

    Tet I prefer Dilmah do try it Oct 3, 2018

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    Interesting, I use ParcelPro but have never had to make a claim so no idea how they would handle things should the wirst happen.
     
  4. SpeedTar

    SpeedTar Oct 3, 2018

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    it looks like a service for the professionals, right? And if it's expensive may be it is not for everyone ::confused2::
    Actually I am in France and fully civilian, but thanks ;)
     
  5. SpeedTar

    SpeedTar Oct 3, 2018

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    Check it!!
     
    sdre likes this.
  6. MaiLollo

    MaiLollo Oct 3, 2018

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    I've insured a package yesterday morning with Secursus, I'll update to see how the delivery goes! But, as with any insurance, we'll be able to judge the quality once something goes wrong...
     
  7. bonerp

    bonerp Oct 3, 2018

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    why are they shit?
     
  8. SpeedTar

    SpeedTar Oct 3, 2018

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    I don’t know, I mean we better check the terms to avoid any bad surprises when thing goes wrong
     
    Als 27 likes this.
  9. SpeedTar

    SpeedTar Oct 3, 2018

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    100% agree ! At least they offer specifically insurance for watches
     
  10. Archer

    Archer Omega Qualified Watchmaker Oct 3, 2018

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    Not just for professionals, as many private individuals have been able to get accounts.

    As for being expensive, that's not the case at all. In fact if I were to walk in to a FedEx depot off the street, and pay out of pocket to ship a parcel with zero insurance, I would be paying more than I would for the shipping and insurance through ParcelPro. Since ParcelPro negotiates rates with carriers for people using their service, you essentially get a very good group rate when using ParcelPro to ship. It significantly lowers the cost of shipping, and allows me to fully insure...win-win.

    As much as you may have found a great alternative, I'm not sure why you are coupling that to questioning how good ParcelPro is...
     
    M'Bob, Rman, NT931 and 2 others like this.
  11. Tet

    Tet I prefer Dilmah do try it Oct 3, 2018

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    I've never been able to figure out how to use freight + insurance through ParcelPro and figured it wasn't available here in the UK, from your comments I guess that isn't the case then(your are in the UK aren't you Archer?). Will have to look into it next time, I always add it after shipping as insurance only.
     
  12. dennisthemenace

    dennisthemenace Hey, he asked for it! Oct 3, 2018

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    Did you describe the contents and value on the package, maybe on a customs form? If you did, then as I interpret their terms and conditions set out in their customer obligations section, you're out of luck if it gets lost.
     
  13. Philou

    Philou Oct 3, 2018

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    D.D. and SpeedTar like this.
  14. SpeedTar

    SpeedTar Oct 3, 2018

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    In their terms it says that the insured value on Secursus cannot exceed the value on the commercial invoice /expert appraisal/ certificate of sale between 2 collectors.
    I have had the confirmation that the customs invoice can be different from the insured value on secursus.
     
  15. dennisthemenace

    dennisthemenace Hey, he asked for it! Oct 3, 2018

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    That is not what I was asking.
    It clearly states in their T&C's that the insurance will be null and void if there is any information on the package that could be used to deduce the nature or value of the item.
     
  16. SpeedTar

    SpeedTar Oct 3, 2018

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    ParcelPro is worldwide or based in the US?
     
  17. Archer

    Archer Omega Qualified Watchmaker Oct 3, 2018

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    It is based in the US,. but you do not have to be in the US to use it. For example I am in Canada and have shipped thousands of watches using PP.
     
    blubarb and SpeedTar like this.
  18. SpeedTar

    SpeedTar Oct 3, 2018

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    Oh yep you are right ;)
     
  19. Philou

    Philou Oct 3, 2018

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    I checked with ParcelPro a few months ago and their service for individuals located in EU was only available to UK and DE residents.
     
    Syrte and SpeedTar like this.
  20. Vercingetorix

    Vercingetorix Oct 3, 2018

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    I would like to see where it is written that UPS does not cover watches. I have been told by very senior UPS employees that their insurance covers watches. BTW watches are not jewelry.