I'm gifting my 5500A to a colleague. What should I insure it for
(against shipping damages)? Or, just assume "hey, it's free...
if it doesn't work when it gets to you, <shrug>"?

[My gut says just pack it REALLY well and try to *avoid* the need for
any claim!]

Don WHY wrote:
============
> I'm gifting my 5500A to a colleague. What should I insure it for
> (against shipping damages)? Or, just assume "hey, it's free...
> if it doesn't work when it gets to you, <shrug>"?
>

** See:

https://www.ebay.com/p/1119111456

For replacement value.

..... Phil

On Monday, December 20, 2021 at 6:05:51 PM UTC-4, Don Y wrote:
> I'm gifting my 5500A to a colleague. What should I insure it for
> (against shipping damages)? Or, just assume "hey, it's free...
> if it doesn't work when it gets to you, <shrug>"?
>
> [My gut says just pack it REALLY well and try to *avoid* the need for
> any claim!]

It's hard to collect the full value of any item that is damaged or lost in shipping. I recommend you pack the living crap out of it. One place I used to work would cover the item in plastic and spray foam around it in the box. Four inches of that would protect it from anything other than a forklift stab. That happened once to a friend who ordered a kayak. The boat ended up for four extra holes. I'm not sure the forklift operator didn't intend to stab it. Maybe he thought that was the way you lift them.

--

Rick C.

- Get 1,000 miles of free Supercharging
- Tesla referral code - https://ts.la/richard11209

mandag den 20. december 2021 kl. 23.20.13 UTC+1 skrev gnuarm.del...@gmail.com:
> On Monday, December 20, 2021 at 6:05:51 PM UTC-4, Don Y wrote:
> > I'm gifting my 5500A to a colleague. What should I insure it for
> > (against shipping damages)? Or, just assume "hey, it's free...
> > if it doesn't work when it gets to you, <shrug>"?
> >
> > [My gut says just pack it REALLY well and try to *avoid* the need for
> > any claim!]
> It's hard to collect the full value of any item that is damaged or lost in shipping. I recommend you pack the living crap out of it. One place I used to work would cover the item in plastic and spray foam around it in the box. Four inches of that would protect it from anything other than a forklift stab. That happened once to a friend who ordered a kayak. The boat ended up for four extra holes. I'm not sure the forklift operator didn't intend to stab it. Maybe he thought that was the way you lift them.
>

https://youtu.be/pYrydCWuzZI

On Mon, 20 Dec 2021 14:20:09 -0800 (PST), Rick C
<gnuarm.deletethisbit@gmail.com> wrote:

>On Monday, December 20, 2021 at 6:05:51 PM UTC-4, Don Y wrote:
>> I'm gifting my 5500A to a colleague. What should I insure it for
>> (against shipping damages)? Or, just assume "hey, it's free...
>> if it doesn't work when it gets to you, <shrug>"?
>>
>> [My gut says just pack it REALLY well and try to *avoid* the need for
>> any claim!]
>
>It's hard to collect the full value of any item that is damaged or lost in shipping. I recommend you pack the living crap out of it. One place I used to work would cover the item in plastic and spray foam around it in the box. Four inches of that would protect it from anything other than a forklift stab. That happened once to a friend who ordered a kayak. The boat ended up for four extra holes. I'm not sure the forklift operator didn't intend to stab it. Maybe he thought that was the way you lift them.

It's worth what the used equipment market says it is worth, even
today. Try completed ebay sales and/or used test equipment dealers.

I see current ebay offers of something like US $ 5K.

I would build an internally padded wooden crate for something that
valuable, and maybe heavy. (I've never met a 5500A in person.)

Joe Gwinn

On Monday, December 20, 2021 at 8:12:03 PM UTC-4, Joe Gwinn wrote:
> On Mon, 20 Dec 2021 14:20:09 -0800 (PST), Rick C
> <gnuarm.del...@gmail.com> wrote:
>
> >On Monday, December 20, 2021 at 6:05:51 PM UTC-4, Don Y wrote:
> >> I'm gifting my 5500A to a colleague. What should I insure it for
> >> (against shipping damages)? Or, just assume "hey, it's free...
> >> if it doesn't work when it gets to you, <shrug>"?
> >>
> >> [My gut says just pack it REALLY well and try to *avoid* the need for
> >> any claim!]
> >
> >It's hard to collect the full value of any item that is damaged or lost in shipping. I recommend you pack the living crap out of it. One place I used to work would cover the item in plastic and spray foam around it in the box. Four inches of that would protect it from anything other than a forklift stab. That happened once to a friend who ordered a kayak. The boat ended up for four extra holes. I'm not sure the forklift operator didn't intend to stab it. Maybe he thought that was the way you lift them.
> It's worth what the used equipment market says it is worth, even
> today. Try completed ebay sales and/or used test equipment dealers.
>
> I see current ebay offers of something like US $ 5K.
>
> I would build an internally padded wooden crate for something that
> valuable, and maybe heavy. (I've never met a 5500A in person.)

My point is it's hard to get the insurance company to agree on the value. Even with something as common as a car, the insurance company can BS you to death showing car ads in the paper, which happened to me. It was only when the insurance company put a different person on my claim that they agreed to my price (NADA Blue Book). They use a book with much lower numbers.

The funny thing with insurance is they won't agree to the value of the item in advance. You pay for some value of insurance which is simply a cap on reimbursement. They will only assess the value of the item after a claim is filed and the reimbursement will never be above the value of the policy.

That said, I found such insurance to be pretty reasonable. I shipped some $50,000 worth of boards once and had to pay the freight and insurance myself. It was around $100 as I recall. Now it's all EXW. They pay the shipping and title passes to the customer on handing it to the carrier. This is the same company who wants to pay later than 30 days and not be billed the 2% late payment fee. They missed another payment so they have another late payment invoice. Personally, I love it because it comes out of the pocket of the CM and they can't bill it to their customer, so out of their profit!!! That always gets somebody's attention upstairs!

--

Rick C.

+ Get 1,000 miles of free Supercharging
+ Tesla referral code - https://ts.la/richard11209

On Mon, 20 Dec 2021 17:20:31 -0800 (PST), Rick C
<gnuarm.deletethisbit@gmail.com> wrote:

>On Monday, December 20, 2021 at 8:12:03 PM UTC-4, Joe Gwinn wrote:
>> On Mon, 20 Dec 2021 14:20:09 -0800 (PST), Rick C
>> <gnuarm.del...@gmail.com> wrote:
>>
>> >On Monday, December 20, 2021 at 6:05:51 PM UTC-4, Don Y wrote:
>> >> I'm gifting my 5500A to a colleague. What should I insure it for
>> >> (against shipping damages)? Or, just assume "hey, it's free...
>> >> if it doesn't work when it gets to you, <shrug>"?
>> >>
>> >> [My gut says just pack it REALLY well and try to *avoid* the need for
>> >> any claim!]
>> >
>> >It's hard to collect the full value of any item that is damaged or lost in shipping. I recommend you pack the living crap out of it. One place I used to work would cover the item in plastic and spray foam around it in the box. Four inches of that would protect it from anything other than a forklift stab. That happened once to a friend who ordered a kayak. The boat ended up for four extra holes. I'm not sure the forklift operator didn't intend to stab it. Maybe he thought that was the way you lift them.
>> It's worth what the used equipment market says it is worth, even
>> today. Try completed ebay sales and/or used test equipment dealers.
>>
>> I see current ebay offers of something like US $ 5K.
>>
>> I would build an internally padded wooden crate for something that
>> valuable, and maybe heavy. (I've never met a 5500A in person.)
>
>My point is it's hard to get the insurance company to agree on the value. Even with something as common as a car, the insurance company can BS you to death showing car ads in the paper, which happened to me. It was only when the insurance company put a different person on my claim that they agreed to my price (NADA Blue Book). They use a book with much lower numbers.
>
>The funny thing with insurance is they won't agree to the value of the item in advance. You pay for some value of insurance which is simply a cap on reimbursement. They will only assess the value of the item after a claim is filed and the reimbursement will never be above the value of the policy.

There is always a place to enter "declared value", which is the
default starting point. If it's based on an actual quote or two, keep
the quotes on file for later possible use.

I've had car insurance carrier try this when my car was rear-ended and
totaled 14 days after receipt from the car dealer. Tried to get away
with decreasing value by a full year of depreciation, Ahh, no. After
14/365= the loss might be 3.8%, and most would say it's still full
value.

Next trick was to deduct the value of the older car I traded in.
Again, the trade-in was a form of money, but has no effect on the
value of the now destroyed brand-new car. At this point, the adjuster
gave up.

>That said, I found such insurance to be pretty reasonable. I shipped some $50,000 worth of boards once and had to pay the freight and insurance myself. It was around $100 as I recall. Now it's all EXW. They pay the shipping and title passes to the customer on handing it to the carrier. This is the same company who wants to pay later than 30 days and not be billed the 2% late payment fee. They missed another payment so they have another late payment invoice. Personally, I love it because it comes out of the pocket of the CM and they can't bill it to their customer, so out of their profit!!! That always gets somebody's attention upstairs!

So there is hope after all.

Joe Gwinn

In article <5kb4sgh77sdnemdtop8bfu4n9tl3nchqgf@4ax.com>,
joegwinn@comcast.net says...
>
> I've had car insurance carrier try this when my car was rear-ended and
> totaled 14 days after receipt from the car dealer. Tried to get away
> with decreasing value by a full year of depreciation, Ahh, no. After
> 14/365= the loss might be 3.8%, and most would say it's still full
> value.
>
> Next trick was to deduct the value of the older car I traded in.
> Again, the trade-in was a form of money, but has no effect on the
> value of the now destroyed brand-new car. At this point, the adjuster
> gave up.
>
>
>

I got burnt by the insurance company one time. Total loss on a 3 year
old car. Insurance man said they found a used car similar to mine and
it was 1900. They offered me $ 1400. I tried to wait them out as I was
driving a borrowed car and had a new one on order. After 3 weeks the
car came in and I had to come up with some money and finally had to
settle with the $ 1400 they offered. That was around 1972. At that
time I was not old enought to try any tricks I have learned sense.
Mainly lay on the ground and flop around like a flounder and let the
ambulance take you to the hospital if you are sure it was not your
fault.

On 12/20/2021 5:05 PM, Don Y wrote:
> I'm gifting my 5500A to a colleague.  What should I insure it for
> (against shipping damages)?  Or, just assume "hey, it's free...
> if it doesn't work when it gets to you, <shrug>"?
>
> [My gut says just pack it REALLY well and try to *avoid* the need for
> any claim!]

That's quite a gift, looks like it's worth about one presidential V12
with the AMG kit:

<https://www.carfax.com/vehicle/WDDEJ79X78A014033>

On 12/22/2021 1:02 AM, bitrex wrote:
> On 12/20/2021 5:05 PM, Don Y wrote:
>> I'm gifting my 5500A to a colleague. What should I insure it for
>> (against shipping damages)? Or, just assume "hey, it's free...
>> if it doesn't work when it gets to you, <shrug>"?
>>
>> [My gut says just pack it REALLY well and try to *avoid* the need for
>> any claim!]
>
> That's quite a gift, looks like it's worth about one presidential V12 with the
> AMG kit:

Taxpayers paid for half of it, client paid the other half.
As I've not used it, recently, there's no "loss" to the giving.

[I tend to be averse to SELLING things so always have to "find
willing homes" for my discards. The more exotic, the tougher the
"sell" (pinball machines and other arcade pieces being the toughest
owing to their size and maintenance "costs")]

On 12/22/2021 12:27 PM, Don Y wrote:
> On 12/22/2021 1:02 AM, bitrex wrote:
>> On 12/20/2021 5:05 PM, Don Y wrote:
>>> I'm gifting my 5500A to a colleague.  What should I insure it for
>>> (against shipping damages)?  Or, just assume "hey, it's free...
>>> if it doesn't work when it gets to you, <shrug>"?
>>>
>>> [My gut says just pack it REALLY well and try to *avoid* the need for
>>> any claim!]
>>
>> That's quite a gift, looks like it's worth about one presidential V12
>> with the AMG kit:
>
> Taxpayers paid for half of it, client paid the other half.
> As I've not used it, recently, there's no "loss" to the giving.
>
> [I tend to be averse to SELLING things so always have to "find
> willing homes" for my discards.  The more exotic, the tougher the
> "sell" (pinball machines and other arcade pieces being the toughest
> owing to their size and maintenance "costs")]

You could "ship" it like this, sell the Fluke 5500A. Use the funds to
purchase the V12 with the AMG kit. Drive it cross country to the
colleague's location. Sell the V12 with the AMG kit. Purchase a Fluke
5500A locally to then provide to the colleague.

I..guess it doesn't make a lot of sense as opposed to just wiring money
but y'know. It's something that could be done

On Tuesday, December 21, 2021 at 3:52:11 PM UTC-4, Joe Gwinn wrote:
> On Mon, 20 Dec 2021 17:20:31 -0800 (PST), Rick C
> <gnuarm.del...@gmail.com> wrote:
>
> >On Monday, December 20, 2021 at 8:12:03 PM UTC-4, Joe Gwinn wrote:
> >> On Mon, 20 Dec 2021 14:20:09 -0800 (PST), Rick C
> >> <gnuarm.del...@gmail.com> wrote:
> >>
> >> >On Monday, December 20, 2021 at 6:05:51 PM UTC-4, Don Y wrote:
> >> >> I'm gifting my 5500A to a colleague. What should I insure it for
> >> >> (against shipping damages)? Or, just assume "hey, it's free...
> >> >> if it doesn't work when it gets to you, <shrug>"?
> >> >>
> >> >> [My gut says just pack it REALLY well and try to *avoid* the need for
> >> >> any claim!]
> >> >
> >> >It's hard to collect the full value of any item that is damaged or lost in shipping. I recommend you pack the living crap out of it. One place I used to work would cover the item in plastic and spray foam around it in the box. Four inches of that would protect it from anything other than a forklift stab. That happened once to a friend who ordered a kayak. The boat ended up for four extra holes. I'm not sure the forklift operator didn't intend to stab it. Maybe he thought that was the way you lift them.
> >> It's worth what the used equipment market says it is worth, even
> >> today. Try completed ebay sales and/or used test equipment dealers.
> >>
> >> I see current ebay offers of something like US $ 5K.
> >>
> >> I would build an internally padded wooden crate for something that
> >> valuable, and maybe heavy. (I've never met a 5500A in person.)
> >
> >My point is it's hard to get the insurance company to agree on the value.. Even with something as common as a car, the insurance company can BS you to death showing car ads in the paper, which happened to me. It was only when the insurance company put a different person on my claim that they agreed to my price (NADA Blue Book). They use a book with much lower numbers.
> >
> >The funny thing with insurance is they won't agree to the value of the item in advance. You pay for some value of insurance which is simply a cap on reimbursement. They will only assess the value of the item after a claim is filed and the reimbursement will never be above the value of the policy.
> There is always a place to enter "declared value", which is the
> default starting point. If it's based on an actual quote or two, keep
> the quotes on file for later possible use.

Declared value is just the maximum payout because that is what the insurance price is based on. There's no default starting point for negotiations.

> I've had car insurance carrier try this when my car was rear-ended and
> totaled 14 days after receipt from the car dealer. Tried to get away
> with decreasing value by a full year of depreciation, Ahh, no. After
> 14/365= the loss might be 3.8%, and most would say it's still full
> value.

Autos are common enough that there are general rules that will stand up in court. I think there is some time limit beyond which they start depreciating a new car. Before that you should get full paid price.

> Next trick was to deduct the value of the older car I traded in.
> Again, the trade-in was a form of money, but has no effect on the
> value of the now destroyed brand-new car. At this point, the adjuster
> gave up.
> >That said, I found such insurance to be pretty reasonable. I shipped some $50,000 worth of boards once and had to pay the freight and insurance myself. It was around $100 as I recall. Now it's all EXW. They pay the shipping and title passes to the customer on handing it to the carrier. This is the same company who wants to pay later than 30 days and not be billed the 2% late payment fee. They missed another payment so they have another late payment invoice. Personally, I love it because it comes out of the pocket of the CM and they can't bill it to their customer, so out of their profit!!! That always gets somebody's attention upstairs!
> So there is hope after all.

Hope for what exactly?

My CM wants to make a last shipment this year and is closing for the holiday. I still haven't heard my customer's CM is going to pay the late fee, only they are "working on it". I guess I can go ahead and ship what we've got. There's still 6,000 more units to go!

--

Rick C.

-- Get 1,000 miles of free Supercharging
-- Tesla referral code - https://ts.la/richard11209

On Tuesday, December 21, 2021 at 6:50:34 PM UTC-4, Ralph Mowery wrote:
> In article <5kb4sgh77sdnemdto...@4ax.com>,
> joeg...@comcast.net says...
> >
> > I've had car insurance carrier try this when my car was rear-ended and
> > totaled 14 days after receipt from the car dealer. Tried to get away
> > with decreasing value by a full year of depreciation, Ahh, no. After
> > 14/365= the loss might be 3.8%, and most would say it's still full
> > value.
> >
> > Next trick was to deduct the value of the older car I traded in.
> > Again, the trade-in was a form of money, but has no effect on the
> > value of the now destroyed brand-new car. At this point, the adjuster
> > gave up.
> >
> >
> >
> I got burnt by the insurance company one time. Total loss on a 3 year
> old car. Insurance man said they found a used car similar to mine and
> it was 1900. They offered me $ 1400. I tried to wait them out as I was
> driving a borrowed car and had a new one on order. After 3 weeks the
> car came in and I had to come up with some money and finally had to
> settle with the $ 1400 they offered. That was around 1972. At that
> time I was not old enought to try any tricks I have learned sense.
> Mainly lay on the ground and flop around like a flounder and let the
> ambulance take you to the hospital if you are sure it was not your
> fault.

Abso-f***ing-lutely! I got rear ended once, got three estimates and had it repaired. The insurance guy (a kid really) pinged me about not getting their $2 an hour discount. That means my mental price for "pain and suffering" went up $1,000. Medical bills were not all in and a month later I met with him again. Same ping and same adjustment.

By the time we were done I got the $2,500 for repairs, plus another $7,500 for medical costs and "pain and suffering, a total of $10,000. About $3,000 was the "him being a dick" surcharge. I also found my insurance company paid all the medical bills and when I tried to give it back on receiving the check from the other guy's insurance, my insurance said, "No, you keep that". So not a bad net for three visits to the other guy's insurance company's office.

--

Rick C.

-+ Get 1,000 miles of free Supercharging
-+ Tesla referral code - https://ts.la/richard11209

On 12/22/2021 1:54 PM, bitrex wrote:
> On 12/22/2021 12:27 PM, Don Y wrote:
>> On 12/22/2021 1:02 AM, bitrex wrote:
>>> On 12/20/2021 5:05 PM, Don Y wrote:
>>>> I'm gifting my 5500A to a colleague. What should I insure it for
>>>> (against shipping damages)? Or, just assume "hey, it's free...
>>>> if it doesn't work when it gets to you, <shrug>"?
>>>>
>>>> [My gut says just pack it REALLY well and try to *avoid* the need for
>>>> any claim!]
>>>
>>> That's quite a gift, looks like it's worth about one presidential V12 with
>>> the AMG kit:
>>
>> Taxpayers paid for half of it, client paid the other half.
>> As I've not used it, recently, there's no "loss" to the giving.
>>
>> [I tend to be averse to SELLING things so always have to "find
>> willing homes" for my discards. The more exotic, the tougher the
>> "sell" (pinball machines and other arcade pieces being the toughest
>> owing to their size and maintenance "costs")]
>
> You could "ship" it like this, sell the Fluke 5500A. Use the funds to purchase
> the V12 with the AMG kit. Drive it cross country to the colleague's location.
> Sell the V12 with the AMG kit. Purchase a Fluke 5500A locally to then provide
> to the colleague.
>
> I..guess it doesn't make a lot of sense as opposed to just wiring money but
> y'know. It's something that could be done

I've been asked *not* to ship it but, hold onto it, for the next off-site.

Of course, my having decided to get rid of it means my mind has already
planned on there being a *void* where the unit was previously stored.
And, that void is not materializing! <frown>

It's also an interesting example of the *relative* value of an item.
In my mind, it has no remaining value (as I am eager to be rid of it).
As such, if it was damaged in transit, the loss would be limited to
the time spent packing it plus the shipping fee.

OTPH, my colleague sees it as having considerably *more* value...
so much so that he doesn't want to risk the *potential* for damage!
(even though he's not "out" anything besides "opportunity"!)

Hoping to spin this more positively (in my mind), I'll dig through
the remaining kit and see what else I can offer up before the
next off-site. And, decide whether I want to *host* (saving me the
effort of transporting those items) or act as FedEx driver and lug
the kit to the next meeting.

Moral of story: get rid of kit sooner rather than later!