Thanks to all for comments. I worked for an insurance company for 15 years, I do not over insure, I only insure for the value sold. That, is the market value. Often I am asked to insure for more, and I have to explain that is not possible with me.
I sold a McIntosh amp, MC-352, it lists for $4,500, it was in perfect shape, it was sold for $3,000, and was actually worth about $3,300 at that time. I was sent the broken amp back, the the entire faceplate section was ripped off. Not sure how it happened?
I took it to the largest McIntosh dealer in the world, got an estimate for replacement (new is $4,500 list). Since a large part of McIntosh is appearance, yeah, they sound good too, my angle was that although it could be repaired ($700)
some of the dents/dings, albeit minor, reduce the value and make it useless.
FedEx agreed to pay the claim in full, requested the package back, and that is when it started. "We understand you wrote $3,000 on the tag, but you were only charged for $2,000 insurance." I think I will do the small claims court deal.
I still have the amp.