03-26-07: Jmcgrogan2
I just got off the phone with a UPS shipping agent and her manager. They both assured me that if the shipment is lost or damaged the insurance will be paid with proof of content value. This information would seem to contradict what you had previously stated, regarding no insurance payment for lost items.
Good to know I was mistaken. FWIW, I was assuming UPS would argue that the item was not technically not lost since it had been delivered.
Ironically, the first responder in this thread nailed your particular situation.