THAT SOUNDS LIKE ONE OF JOEB'S AUCTIONS!!! I THINK IF SOMEONE SELF INSURES THAT IS OK BUT IF THEY DEMAND IT THEN I FEEL THEY ARE SQUEEZING A LITTLE MORE CASH OUTTA YOU AND I WOULD NOT BID ON THAT AUCTION, I buy frequently from JoeB and he lets me decline the insurance. Nothing worse than paying alot to insure a one dollar chip!!!