If under $500, no insurance. Otherwise insure for 50% of value over $500. Use SIGNATURE CONFIRM FedEx or UPS preferred NO USPS for items over $500, aka United States Postal Service Must give two cents in loaner thread or gear thread. If you are shy, two sentences in the loaner thread will do. Do NOT, in any circumstances, make any modifications to the loaner. Original Post: I am proposing that we drop the insurance requirement for loaners and self-insure our packages. The reason is that collecting insurance can be extremely difficult process, and if something does get lost, the process could be quite convoluted and time consuming. I figure we can self-insure by building up an insurance reserve with each person on a loaner sending in $5 per item (or maybe according to a schedule based on item cost) until we build up to a reserve of $2k, and then discontinue the "premium" or lower it to $1. As with the SBAF donations and expenditures, I will make the transactions and reserve account status transparent to "Friends".