Only use specialdelivery modules with the extra insurance, first or second class, signed for or not, and you are not covered. Although apparently you can insure a "standard parcel" for more, though that module has not yet been written.
You could go the other way and "insure yourself", e.g. add £2 to the postage of each item in the handling section of the module and then just claim the maximum £32 back from the post office.
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