Last year I shipped a brand new fully machined Brodix block to a customer. I insured it or so i thought for $4000.00. the block arrived with the front valley portion missing. the Brodix shipping container looked like a fork lift went through it.
After filing a claim UPS denied it saying the shipping box was inadequate. sure it was,never was designed to stop a fork lift. After calling all the way up the line to the UPS Chief of operations i was told that what i paid for was NOT insurance it was a declared value. after some INTERNET investigation I found UPS owns the insurance company and all high dollar claims are denied. there are hundreds of stories like mine out there.
I was finally told by UPS to take them to court if I wanted but the lawyer costs would exceed what they wouldn't pay me.
I turned it in to my insurance company which paid for the block less my $1000.00 deductible.
I will never ship anything with a high value by UPS again. Bill