Info for UK Members who import frequently.

[Dan]

Does lowering the value of the item matter to in regards to insurance value?
What I mean is, let's say you mention value of the item is $20 dollars. So will the item get insured for 20 dollars when the item is truly worth $200??

Hope that made sense :X lol

[LyricalOne]

Originally Posted by Dan

Does lowering the value of the item matter to in regards to insurance value?
What I mean is, let's say you mention value of the item is $20 dollars. So will the item get insured for 20 dollars when the item is truly worth $200??

Hope that made sense :X lol

Yeah basically this is the risk when sending high priced items.

If you value a "poster" at $5 USD, chances are the person receiving the item won't pay import fees at all.

Now say the item got damaged in the tube on the way there, and say it was one of those rare posters that are valued at about $200 USD, you would only get $5 covered IF you win your case.

[Dan]

Originally Posted by LyricalOne

Yeah basically this is the risk when sending high priced items.

If you value a "poster" at $5 USD, chances are the person receiving the item won't pay import fees at all.

Now say the item got damaged in the tube on the way there, and say it was one of those rare posters that are valued at about $200 USD, you would only get $5 covered IF you win your case.

Sounds like a sweet deal

[Gazereths]

You have to prove what the thing being posted was worth, invoice, receipt, ebay auction or whatever. You're insured up to the maximum amount of the policy taken out. The declared value might come into play but you can always argue that you had no knowledge of what the sender declared, or that it was a mistake on the form. Also the carrier, not the customs office would deal with the claim. It's very much a grey area and a risk you have to weigh up.

[LyricalOne]

Originally Posted by Gazereths

You have to prove what the thing being posted was worth, invoice, receipt, ebay auction or whatever. You're insured up to the maximum amount of the policy taken out. The declared value might come into play but you can always argue that you had no knowledge of what the sender declared, or that it was a mistake on the form. Also the carrier, not the customs office would deal with the claim. It's very much a grey area and a risk you have to weigh up.

Well here in the states, if you send via USPS, the declared value is what the package is insured up to in most cases.

And yes if you value an item at a high price, they will of course ask for invoices/proof.

It's definitely worth it when you are just sending smaller items, but not if it's a $1000 dollar K. Levine signed item

[Gazereths]

They should just abolish customs and VAT charges....... And postage and packing and tax and the cost of the item and national insurance and food and drink..... Everything should be free..... At least to me , I'm special.