Question about rm special delivery.

Ballistic

Hi. While reading the small print on the terms for rm special delivery. I noticed the consiquential loss option, which you pay extra for. Now when I post they ask the value and I always give the value as the price the item sold for. So my question is should the worst happen, would I be covered for what the item sold for (considering I didn't pay extra for consiquential loss), or would I only be covered for what I originally paid for the item ?

Thanx.

soolin

Ballistic wrote: »

Hi. While reading the small print on the terms for rm special delivery. I noticed the consiquential loss option, which you pay extra for. Now when I post they ask the value and I always give the value as the price the item sold for. So my question is should the worst happen, would I be covered for what the item sold for (considering I didn't pay extra for consiquential loss), or would I only be covered for what I originally paid for the item ?

Thanx.

A business seller is usually only reimbursed for the initial cost of the item, a private seller is usually reimbursed for the eBay sale price. It is the same with all RM services, they will not pay out for the profit element.

Ballistic

So if a private seller loses the item he is paid out even without the additional consiquential purchase, but a buisness seller is not paid out? What if they purchase consiquential loss?

Sorry just trying to get my head around this. Sounds abit stupid and unfair.

theonlywayisup

Consequential loss is not to top up value but for losses suffered as a consequence:

For example, you send an important document to your solicitor in order the house sale goes through on time. The document doesn't arrive within the guaranteed time and the house sale fails costing you an additional days interest and fees. The additional costs were a direct consequence of the late delivery.

Your tax return is due and you've left it until the last minute to send it. SD will get it submitted in time but the delivery fails. The tax man imposes a fine for late submission. The fine is a consequential loss attributed directly to the delayed delivery.

Ballistic

So as of now I'm covered for my eBay items up to there sale price? Providing they are £500 or less?

Ballistic

Thanx for the reply btw.