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Re: E-bay and insurance of items, or yet another way to bone the buyer!

The seller by accepting the money for insurance has in fact become the insurance company ( self insured ).. The fact that he did not spread the risk to another company is not illegal. By not telling the buyer that he (seller) was the insurer is not illegal, a little under handed, but if he paid off if the item was lost or damaged he is covered. Iam sure that by being the insurance company he has increased his profit, and has to look at that against any possible losses.

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  • Re: E-bay and insurance of items, or yet another way to bone the buyer! - sunseeker 08:03:45 05/17/07 (0)
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