posted on November 9, 2001 09:22:51 AM new
I just received a FAX stating that U-PIC has ceased doing business due to a stockholder breakup. The FAX says that a mew company called PIC (Package In-Transit Coverage) has been formed and starting in November payments need to be paid to PIC. There was not a whole lot of info regarding things like where to email shipping logs or make Paypal payments.
posted on November 9, 2001 09:52:33 AM new
Their web site is still up at http://www.u-pic.com/ - And the site was updated today too, but no news of this.
If anyone has further information, please post. I have seriously been thinking about doing business with them.
posted on November 9, 2001 10:17:31 AM new
The FAX looks legit and is from Bliss Wendelburg with an email address of [email protected] They list the following phone number for details (800) 955-4623. It also states that I will receive an official notice via USPS mail shortly. The FAX alsoc ontained an updated policy for my shipments and had all my personal information. I assume this is for real.
posted on November 9, 2001 11:18:49 AM new
I am a U-PIC customer and have NOT received any such notification. I would caution you to confirm this with the company before you go sending money to someone else. Insurance companies such as U-PIC are regulated. You would have to receive a new contract from the acquiring company before being obligated to pay a premium. A fax sent to some people and not others is absolutely not standard business practice in the insurance business. Please check into this further and don't assume it is legit.
I have sent an e-mail to Candi to ask her about this situation. I recommend that you do the same.
posted on November 9, 2001 11:26:34 AM new
Although.....when I go to www.parcelcovg.com it takes me to the U-PIC site. So maybe a change is in the works and not everyone has received notice yet. Still, best to wait for the papers before making any payments.
posted on November 9, 2001 11:34:20 AM new
another dot.com bites the dust??
did money run out??
not enough business to pay the bills??
and we thought paypal is bad news??
posted on November 9, 2001 11:51:04 AM new
Well..I had already paid my October premium through Paypal. I'll have to wait and see when the new policy arrives. I did receive a FAX copy of the new policy.
posted on November 9, 2001 12:09:36 PM new
Okay everyone, I received a response from Candi. I am posting it here with her permission:
[b]Please copy and paste the following information - with our permission:
Hello everyone,
I just wanted to let you know what is going on if you are a U-PIC customer and have not received your fax as of yet.
Due to a partner/stockholder buyout, U-PIC has ceased doing business. U-PIC's President has started up PIC - Package In-Transit Coverage. We have the same programs, rates, coverage etc.
You will be receiving a fax, as well as a new package in the mail. Your coverage does not lapse at all and all claims will be honored, as well as your existing rates. Our suite # is now 301, versus 814, however, the mail is being forwarded.
Please feel free to telephone or e-mail me directly if you have any concerns or questions.
