>>But,the point most are trying to make is when selling something valuble that can not be replaced it is a good idea to protect yourself and insure it even if the buyer does not.Yes,it adds to the bottom line but, it really can give you peace of mind!!

In the auction Mike is talking about, the Buyer did pay for the optional insurance. Mike only insured the chip for $100. Then he came here ranting about the buyer not paying insurance ("This JERKOFF James Hackett made me responsible for his lack of insurance when the item was lost!") -- when in fact the buyer did pay for the insurance.