I touched on this in another, earlier thread, but think it's deserving of a thread of its own so it will be seen and possibly discussed
Has anyone investigated the possibility of taking out insurance against loss incurred through ebay and paypal ? If so, please feel welcome to pop in here and tell us what you know, no matter how little
We insure our vehicles, our home and contents, our lives, against injury, illness and unemployment etc. .. in fact, against all sorts of possible 'loss' situations.
Does it therefore not make sense to insure against loss incurred via ebay and paypal .. particularly for full-time sellers or those who sell valuable items such as jewellery, etc. ?
I haven't seen ebay-paypal insurance policies offered .. it's just an idea that popped into my head the other day. It makes sense to me .. does it make sense to you ? And will it be viewed by insurance companies as a viable proposition ?
I don't see why not. Famous people insure their legs and bosoms and their dog's unique appearance, etc. Paypal and ebay have developed to the point where they're household words these days. And losses are reported to commonly occur as a result. Where there's the potential for loss ... there's usually a tailor-made insurance policy not far behind.
Maybe we'll initiate a whole new wave of customers for insurance companies if we begin approaching insurance companies re: buying policies to cover loss incurred via ebay and paypal !
I'm thinking there could be other beneficial spin-offs from ebay-paypal related insurance policies too. For example, insurance companies are there to make profit, not loss. With regard to vehicle insurance, for example, insurance companies employ an army of assessors whose task it is to ascertain the party at fault .. to decide whether or not a vehicle should be scrapped or repaired, etc. Same with household insurance .. assessors determine if a fire for example, was deliberately lit by the policy-holder, or a case of electrical fault or arsonist, etc.
I'm confident that were insurance companies to offer ebay-paypal related policies, their assessors would be just as vigilant in scrutinising claims as vehicle assessors are.
Which can only be a plus for those who trade frequently or just occasionally, via ebay .. and who utilize Paypal within those transactions.
Aust. Post will need to lift its game, too. Too many 'lost and missing' parcels, too many claims of 'broken in the post'. With insurance companies on its back, Aust. Post will need to shape up.
Paypal and its alleged robotic operators with reportedly misleading and inappropriate advice will also come under the scrutiny of any insurance company at risk of making a pay-out to policy holders.
Ditto ebay. I can't think of a better way to improve ebay than several dozen insurance assessors per hour contacting ebay's head office demanding information asap.
Another plus will the increased employment generated by insurance policies relating to ebay-paypal. In time, those employed in ebay-paypal related insurance disputes will become expert and recognised in their own right. And insurance companies will rightly vie for customers by advertising their success-rate, lower premiums, etc. etc. re ebay-paypal related policies.
If an insurance company offered policies to cover ebay-paypal related loss, I'd buy one tomorrow.
Please contribute your thoughts and opinions .. this is groundbreaking .. it could inspire a whole new way to trade online with confidence