Postal insurance is not the cheapest, but the few times in the past 30 years that I had to file a claim, every one of them was paid in full and fairly quickly. You have to wait 60 days to file a claim.
Please be aware for those using private insurance(CIA) and perhaps others, they have a $200 deductible on each claim. Leon and I did get paid on the only claim we had, but ate a $200 deductible. The item was later recovered(a postal employee was taking packages and they caught him), I actually found the card on ebay and directed CIA to him. We did buy the card back, less the deductible as I recall and reauctioned it.
AND.. as some stated UPS and Fed/EX will sell you any amount, but it does not cover the type of collectible we send back and fourth, so money wasted.
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