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04-26-2011, 03:39 PM #1
Insurance to Canada
does anyone ever claim the full amount as far as insurance goes? im reluctant to claim the full amount while shipping to canada in fear that the amount would be visible to anyone who may be a thief. does the recipient always have to pay a tariff when receiving a gift? if i claim the full amount, then would the seller have to pay a high tariff. FYI; i estimate the package as being worth over $475 (US). any help is appreciated
Looking for Mid to High End only! On card autos. Bowman Chrome, Ultimate Collection, SPA, etc. Collection:Hidden Content
My Bucket is 95 percent auto rcs, Im sorry if i dont respond right away. I
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04-26-2011, 04:03 PM #2
I wouldn't. I believe I've heard that even if your declared value is low they'll take a look at the insurance and depending how high that is, the receiver might end-up getting screwed with fees.
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04-26-2011, 04:14 PM #3
Not sure what its like in the US but in Canada it is very difficult to win a insurance claim on sports cards. You really cannot insure high and declare low, as for the gift situation they won't charge you up to a certain point (pretty sure its under 100) after that its fair game.
Taxes and duty would likely be charged on the package and it would cost the buyer trader a lot of money. I know personally I really really hate paying taxes on a trade where I have already paid taxes on my end of the trade. It's up to you
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04-27-2011, 12:40 PM #4
There's no duty on sportscards from USA to Canada although you will have to pay the taxes on the declared value. If it is sent via UPS or courier, then brokerage processing fees added as well. Canada Post usually adds a $5.00 processing fee on top of the taxes they have to collect on the item.
Good way to do it is send the package with tracking and signature required upon delivery. Most dealers will refuse to undervalue for declaration purposes.
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04-27-2011, 01:38 PM #5
If you send an item(s) declaring $475 as the value via UPS and FedEx, the recipient will pay fees for sure (and it won't be pretty). If you send via USPS, it seems to depend on the mood of customs that day. Some times they charge, some times they don't. Also, sending as a gift DOES NOT matter to customs. The recipient can still be charged fees on the declared gift value. Declaring gift still helps, but it's not a guarantee - just FYI. My advice is that if you're not going to send with insurance, then just declare a very low value ($10 or so). Also, sending via USPS is the cheapest in terms of customs fees versus UPS, FedEx, etc. I got charged $50 for a declared value of $100 by FedEx last year. Whereas, CanadaPost charged me $50 on a card valued around $1000 (or somewhere in that range).
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04-29-2011, 01:01 PM #6
Thanks for the imput, i shipped with USPS and declared the full value just to be safe. I had to pay quite a sum to ensure tracking and signature conirmation. but its peace of mind that I achieved
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04-29-2011, 01:20 PM #7
Did you talk it over with the other party before they recieve the package with the full value declared. As if they are blindesided by this I definitely would not be happy . Totally understand about protecting yourself as I send out occasionally with registered etc. to protect myself like you did. I always declare the value as the trader or seller wants.
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