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Can cost of manufacture be determined by amount of shipping insurance?
Posted on 9/5/14 at 4:55 pm
Posted on 9/5/14 at 4:55 pm
I recently purchased a new item for $1200 that was defective out of the box. The manufacturer repaired the item under warranty, and in doing so sent me a pre-paid UPS label for shipping back to their factory. On the paperwork I noticed they insured the item for $600.
Am I right to assume that the manufacturer had around $600 invested in the creation of the item given the amount of insurance they purchased?
Am I right to assume that the manufacturer had around $600 invested in the creation of the item given the amount of insurance they purchased?
This post was edited on 9/5/14 at 4:58 pm
2
Posted on 9/6/14 at 8:53 am to weagle99
may be just an internal policy to insure at 50%. Some companies self-insure, some insure at cost of repair, etc. In this case though, I'm not sure why you would insure a product of that small value that you're going to repair anyway.
This post was edited on 9/6/14 at 8:54 am
Posted on 9/6/14 at 10:05 am to weagle99
No
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