@1688storewrote:There is no such thing as self insure. Only licensed insurance providers can offer insurance based on your conditions.
huh, I found something on the internet about self-insurance . . . . . . so it must exist
It is a known concept with real life applications . . . . but seeing as you dismissed the concept I feel no compulsion to provide examples of any other than to explain the pj self-insurance model in detail as my brief explanation may have been beyond your level of understanding. Brace yourself, I am going to use some technical terms.
The step by step explanation of the pj self-insurance model for low priced items:
Step 1 - when listing an item on eBay you add a ten (10) cent levy to your postage and handling charge unless Step 1 exception clause 1 applies. DO NOT include any information about your self insurance activities in your listing.
Step 1 exception clause 1 - where an item is listed as a Buy-It-Now item with free-postage you add ten (10) cents to the Buy-Now price.
Step 2 - Appropriate a suitable receptacle in which to store the self insurance funds (something secure like an old jam jar should be sufficient).
Step 3 - When you list an item, place a ten (10) cent coin into the receptacle of choice. If listing 4 items, placing two (2) twenty (20) cent pieces is permissible.
Step 4 - Repeat Steps 1 and 3 every time you list item/s on eBay.
Step 5 - In the unfortunate situation that an Item Not Received claim is made against you, open the receptacle and count out the amount required to cover the refund made. If you withdraw your selling funds from PayPal into your bank account you pay the self insurance funds into your bank account. If you leave the funds in PayPal you simply spend the funds on some chocolate as you have the self insurance funds in PayPal already for refunding, and eating chocolate makes everyone feel better unless Step 5 exception clause 1 applies
Step 5 exception clause 1 - for lactose intolerant people you buy alcohol (misappropriate funds from the receptacle if this INR claim is not of sufficient value to buy a single stubble or can). If you don’t drink then buy some lolly snakes as everyone likes lolly snakes (buy sugar free if you are diabetic).
Step 6 - When faced with multiple claims that deplete the self insurance funds you may change the ten (10) cent “levy” on each listing to twenty (20) cents to make up the shortfall from future listings. Return to ten (10) cent levy once you have sufficient funds in your receptacle to covered expected future claims.
Step 7 - Make this self insurance activity a fun way of thumbing your nose at eBay over their buyer-centric MBG and stop sweating the small stuff.
Step 8 - If you have trouble understanding Steps 1 through 7 you get a child to try to explain it as I have done all I can to make it s-i-m-p-l-e.
