Posted By:
David2 brief points.
I agree with Adam that the actual insurance part is only part of it. The receipt, tracking or physical signing is an essential part of the transaction.
I'm no lawyer (and Adam is, so perhaps he can answer this), but aren't there strict laws surrounding insurance agencies? It would seem to me that it might not be legal for Joe Blow to start insuring his own items. God help us if anyone can start an insurance agency from his or her basement ('AAA grading, a division of AAA Inusurance. If you have a complaint, simply stop by our convenient location in Honalulu.').