Sending share certs in post..?

C_Mababejive

What are the risks,what services are best to use and how can i cover myself? If the cert gets stolen, can it be used and if so,will i be looking at a direct loss with no indemnity? tnx

xylophone

See http://www.shareview.co.uk/4/Info/Portfolio/Default/en/Home/Shareholders/Pages/LostCerts.aspx

You could used insured special delivery - keep a copy of all the certificates. http://www.royalmail.com/personal/uk-delivery/special-delivery.

But you might also want the registrar to return any new certs in the same way -if they won't pay for this then it would be at your cost.

Better to opt for non-certificated?

barak

C_Mababejive wrote: »

What are the risks,what services are best to use and how can i cover myself? If the cert gets stolen, can it be used and if so,will i be looking at a direct loss with no indemnity? tnx

1st Class Recorded Delivery ["Signed for"] costing £1.70 which I always use for single certificates gives you up to £50 "compensation". I'm not quite clear what is meant by "compensation", but at least if it's been signed for, the registrar or broker can't claim that you never sent it!

I have once or twice followed xylophone's advice to use Special Delivery costing from £6.22 when I posted a number of certificates together.

I recently sent a Power of Attorney [re: Vodafone "Return of Value"] by Recorded Delivery and was quite surprised to get it back from the registrar also by Recorded Delivery!

It shouldn't be possible for a stolen certificate to be used fraudulently, but I wouldn't rule it out. Now that it's so easy these days and doesn't cost anything, xylophone's suggestion of moving certificated holdings into a nominee account makes a lot of sense.

Glen_Clark

I've always used ordinary post and never had any problems.
But nothing is risk free.
Even a nominee account.
You have to trust the system or keep it all under the mattress.
Although that isn't risk free either.

custardy

barak wrote: »

1st Class Recorded Delivery ["Signed for"] costing £1.70 which I always use for single certificates gives you up to £50 "compensation". I'm not quite clear what is meant by "compensation", but at least if it's been signed for, the registrar or broker can't claim that you never sent it!

I have once or twice followed xylophone's advice to use Special Delivery costing from £6.22 when I posted a number of certificates together.

I recently sent a Power of Attorney [re: Vodafone "Return of Value"] by Recorded Delivery and was quite surprised to get it back from the registrar also by Recorded Delivery!

It shouldn't be possible for a stolen certificate to be used fraudulently, but I wouldn't rule it out. Now that it's so easy these days and doesn't cost anything, xylophone's suggestion of moving certificated holdings into a nominee account makes a lot of sense.

I would think share certs have no value for singed for compo.
The consequential loss of replacement costs wouldnt be covered

C_Mababejive

yes thanks peeps,,i had looked at Royal Mail Special D... it insures upto 2500..my main concern is if some thief diverts the certificate into his own pocket and then fraudulently manages to sell the shares and trouser the proceeds..where does that leave me? I think i know the answer ??

Brunbjorn

Share certs may just be pieces of paper without a 'money value' in the same way as cash or jewellery. You might get peace of mind if you ask at the PO counter for the 'Consequential Loss' service. That would cover up to £10000 worth of loss, over and above the intrinsic ''money value' of the certs.

But if I remember rightly, its only available with the Special Delivery service so in effect you're saddled with two fees.