Great post Kirby. I have had an experience with Fedex that confirms everything you said. Regards John
JOHN REID VINTAGE MOVIE MEMORABILIA PO Box 92 Palm Beach Qld 4221 Australia WEBSITE: www.moviemem.com eBay Userid: johnwr All you need to know about Australian Posters...... http://www.moviemem.com/about.html ----- Original Message ----- From: "Kirby McDaniel" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Saturday, October 02, 2004 9:19 AM Subject: Re: [MOPO] Fed Ex on Insurance > I'm sorry, Sue, to take exception with you, but that is not the case. > I have been through this with FED EX and recently, too. > > First of all, Fed Ex will be quick to tell you that what they offer is > not insurance. They call it declared value. The maximum value for the > type of material I sell that Fed Ex will accept in their declared value > category is $500. Any fed ex package automatically has a declared > value of $100.00. If I want to pay a certain amount per $100 of > declared value -- I believe the rate is $0.50 per $100 valuation, I may > be covered UP TO $500. > > If you go to the U.S. Postal Service and send a package, insuring it > for $5000.00, they do not care what is inside the package, excepting, > of course, the kind of material that is forbidden to send through the > mails. > If you pay the premium - and it is a premium, for what they offer is > actual INSURANCE - you are covered on that item against loss or > nondelivery. You will, of course, have to file a claim and provide > proof that > what you sent is worth $5000. A commercial invoice is sufficient, > usually, to do this. Or an appraisal from a professional. > > That is not the case with FED EX. They will happily accept your money, > but may not pay if push comes to shove, as it happened with a very well > known dealer in Canada who was shipped some film > posters from the U.S. It was an expensive shipment by anybody's index, > it was lost, and it was "insured". Or so the sender thought, having > paid the "premium." FED EX did NOT pay, saying they > do not accept declared values higher than $500 for this kind of > material. Needless to say, there was a gnashing of teeth, renting of > clothes and sackcloth and ashes. But NO DICE. > > Federal Express rarely loses anything, but every collector should know > what I have outlined above. > > The fact that you may be shipping posters is frames does not change a > thing as far as they are concerned. > > I have heard of FED EX paying claims for lost or damaged film posters > and I cannot account for this schizophrenic policy. But make no > mistake; their own Customer Service Guide is very clear about this. > > Other excepted categories: works of art, furs, jewelry. > > There is a DVX (Declared Value Exception) program at FED EX. Certain > merchants can APPLY for a waiver from Fed Ex to allow shipment of items > on the excepted list. This has been done in the area of jewelry > particularly. I tried to apply and was turned down flat. > > If you send a $10,000 poster in a frame and it gets lost, I would say > you are, at best, at the MERCY of FED EX. > > Is that where you, or any collector, wants to be? > > I cannot for the life of me understand WHY Fed Ex cares WHAT is inside > the package. But they do. They are probably afraid of the INSIDE JOB. > > There are some outboard insurance solutions, obviously. But handing > FED EX money for advanced declared value fees is a waste of money, I > would say. It's actually buying false security. > > Best, > Kirby McDaniel > MovieArt > > Federal Express has a manual that specifically lists categories that > they except from declared values higher than $500.00. They classify > movie posters as COLLECTIBLES and collectibles are on the excepted > list. > > > On Oct 1, 2004, at 5:35 PM, Susan Heim wrote: > > > I use Fedex ground to ship framed movie posters. I insure regularly > > boxes upwards of $10,000 and have never had a problem. I have had > > several collectors and dealers telling me that they were told be Fedex > > that they did not insure posters. That just isn't the case. I get > > posters shipped to me from collectors and dealers everyday via Fedex > > and they are insured. Freeman is correct. These are not one a kind > > pieces of art and for the most part replaceable. That has been my > > experience. > > > > Sue > > ----- Original Message ----- > > From: [EMAIL PROTECTED] > > To: [EMAIL PROTECTED] > > Sent: Friday, October 01, 2004 3:27 PM > > Subject: Re: [MOPO] Fed Ex on Insurance > > > > > > In a message dated 10/1/2004 3:10:56 PM Pacific Daylight Time, > > [EMAIL PROTECTED] writes: > > Fed ex will not insure artwork though, so if they lose it you are > > really screwed!! > > I haven't found the above to be the case with FedEx. How can a > > poster be called artwork in the definition that Fed ex outlines. So I > > asked a regional manager before shipping a $7500 dollar poster just > > recently. And again consistent with what I have known them to > > ascribe, if a piece is invoiced and replaceable it doesn't fall > > under the heading of one of a kind artwork or artwork with a > > subjective value. I have never filed a claim to it fullest with FedEx > > but halfway I did with two posters lost in transit. In the course of > > emailing information for a reimbursement that was assured to me by a > > most friendly loss/theft agent, out of the blue buyer received > > posters some 3 weeks later, unscathed. So I notified FedEx and > > cancelled the filing. Now those two posters only totaled about > > 220.00. But the policy seemed to apply regardless of the cost. > > > > Anyone with differing experience? > > > > freeman fisher > > Visit the MoPo Mailing List Web Site at > > www.filmfan.com________________________________________________________ > > ___________How to UNSUBSCRIBE from the MoPo Mailing ListSend a message > > addressed to: [EMAIL PROTECTED] the BODY of your > > message type: SIGNOFF MOPO-LThe author of this message is solely > > responsible for its content. > > > > Visit the MoPo Mailing List Web Site at > > www.filmfan.com________________________________________________________ > > ___________How to UNSUBSCRIBE from the MoPo Mailing ListSend a message > > addressed to: [EMAIL PROTECTED] the BODY of your > > message type: SIGNOFF MOPO-LThe author of this message is solely > > responsible for its content. > > > > Visit the MoPo Mailing List Web Site at www.filmfan.com > ___________________________________________________________________ > How to UNSUBSCRIBE from the MoPo Mailing List > > Send a message addressed to: [EMAIL PROTECTED] > In the BODY of your message type: SIGNOFF MOPO-L > > The author of this message is solely responsible for its content. > Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [EMAIL PROTECTED] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content.
