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Tools Stolen Today

 
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Old 05-18-2014, 12:05 AM   #41
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Re: Tools Stolen Today


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Originally Posted by BCConstruction View Post
i have about $40k of coverage on my tools in the trailer currently. need to adjust it a bit but that costs me about $800 a year. Well worth it and covers for almost everything.
Name of the insurance company?
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Old 05-18-2014, 05:50 AM   #42
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Re: Tools Stolen Today


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Originally Posted by Rich D. View Post

I have 15,000$ in tool coverage with a replacment cost up to 250$ per item, and another 5000$ for total cost replacment for some of my festools,lasers and miter saw.

So all in all 20,000 in coverage for flood fire or theft in my truck, shop, or jobsite for around 2-300 a year and 100 of that covers the 5000 in full replacment.

If you can add it to your GL policy as an umbrella policy I'd get a quote. It's well worth it and affordable
Rich, I think you need to shop insurance companies. I'm not sure where you live, by your policy doesn't seem to be worth the premium. I have full replacement up to $30k for an additional $300 per yr - Inland Marine Policy. I had to provide pictures for anything over $1,000. That was my brake only, and trailer. I sent a bunch of pictures and a video (last time my trailer was really organized).
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Old 05-18-2014, 06:14 AM   #43
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Re: Tools Stolen Today


I can't remember how much my tool insurance is, but I remember it wasn't much. I only have $10,000 worth of tool insurance. Trailers are separate. I think the trailers are $75 per year. The theory was that someone might steal some tools, but probably not more than $10,000 at one time. Of course my trailer is almost empty now (I took out all the shelves and I am starting over).
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Old 05-18-2014, 07:56 AM   #44
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Re: Tools Stolen Today


In a parking garage, John caught a teenager steeling his car stereo after work. This guys is rather large 300ish pounds 6'2''. John said he scared the crap out of the kid catching him in the act and wanted to teach him a lesson. The teenager started crying an pleading to let him go and not call the police.

So John made the kid take his nice Nike shoes off and his winter coat off. IT was about 20f at the time. The kid gladly gave up his shoes and coat and ran off.

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Old 05-18-2014, 10:00 AM   #45
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Re: Tools Stolen Today


Key points to remember:

If you catch someone stealing you're stuff - You can use minor force to detain them while awaiting the police.

If you want to beat the chit out of them, make sure you say they were trying to assault you when confronted, they freaked out and started coming at you and you needed to defend yourself from this theif because they were going to attack you. Whatever strike you use, make sure you cover how that happened. Pretty hard for a theif to make a assault report on you when they were caught thieving from you.

Even if you were to get arrested, would be pretty tough for the DA to make a casee on you because I would seriously doubt they could get a jury conviction.

Last resort, people go missing all the time, just make sure they don't find the body

The perfect crime is the crime only 1 person knows about and NEVER talks about.
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Last edited by brhokel606; 05-18-2014 at 10:02 AM.
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Old 05-21-2014, 06:31 PM   #46
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Re: Tools Stolen Today


I've got $5000 worth of tool insurance included with my commercial vehicle policy. only 1 tool over $1000. I don't generally carry many tools worth more than that but if i wanted to i could up it to $10k with more tools over $1k for something like an extra $100 a month.
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Old 05-21-2014, 06:34 PM   #47
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Re: Tools Stolen Today


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I've got $5000 worth of tool insurance included with my commercial vehicle policy. only 1 tool over $1000. I don't generally carry many tools worth more than that but if i wanted to i could up it to $10k with more tools over $1k for something like an extra $100 a month.
What's the deductible?
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Old 05-21-2014, 06:44 PM   #48
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Re: Tools Stolen Today


$500 I believe, so not worth claiming for a couple tools, but if i had my quickcut and tool bag stolen it would be
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Old 05-21-2014, 07:49 PM   #49
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Re: Tools Stolen Today


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that sucks, and the people that buy the tools from them are in the same class...
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Old 05-21-2014, 07:52 PM   #50
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Re: Tools Stolen Today


I've got 5,000 in tool coverage, 2,500 in rental tool coverage, 2,500 in loaned tool coverage, and a 1 million dollar liability policy for 500 bucks a year.
Working solo has it's perks
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Old 05-21-2014, 08:00 PM   #51
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Re: Tools Stolen Today


Aaron, I have 3million in GL, 1mil, per and 30k in tool coverage for just under $800. annually.

I used to pay close to $1,500 for the same policy until I had an audit: no employees, my office was the back of my truck, the tailgate was my desk.
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Old 05-21-2014, 08:41 PM   #52
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Re: Tools Stolen Today


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$500 I believe, so not worth claiming for a couple tools, but if i had my quickcut and tool bag stolen it would be
Hardly worth it considering the payments and increase in premiums.
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Old 05-22-2014, 06:58 AM   #53
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Re: Tools Stolen Today


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Hardly worth it considering the payments and increase in premiums.
It comes with my commercial auto policy. best deal my broker could find for auto ins, tool coverage wasn't even part of the equation, it was just part of the package
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Old 05-22-2014, 07:03 AM   #54
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Re: Tools Stolen Today


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Hardly worth it considering the payments and increase in premiums.
Oh, you're saying what the premiums would increase to if i made a claim? Maybe. New quickcut with a blade is $1400, if they got the right tool bag it would be worth close to $1000 if I had to replace everything with new. If it bumped my poilcy by $15/mth for 3 years I'd claim. I'd have to look at the poilicy, it might not have an premium bump for a first claim or a not at fault claim
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Old 05-22-2014, 07:06 AM   #55
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Re: Tools Stolen Today


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Originally Posted by jb4211 View Post
Aaron, I have 3million in GL, 1mil, per and 30k in tool coverage for just under $800. annually.

I used to pay close to $1,500 for the same policy until I had an audit: no employees, my office was the back of my truck, the tailgate was my desk.
That's pretty similar to mine. I have 1 mil per incident, 2 aggregate. I should look into adding extra tool coverage, 20k would probably do just fine for me now.

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