Insuring our shed and tools

**QC Inspector** · 28th February 2019, 02:03 AM

With the advent of digital camera taking pictures of the shop is a good reminder of what you have. Shots of a machine, data plate with S/N and then the accessories. Picture of a roll away toolbox and then the contents in each drawer or if jammed full spread out on a table. All the hand tools, especially the old ones for condition. All the pictures will remind you what isn't there anymore or destroyed and serve as further proof for the insurance company. If you remember to take pictures of even new tool when you get it your "inventory" is up to date even if you haven't written it down. Just store a duplicate off site or in a safe place where it can't be found. No point in having a few hundred pictures and a spreadsheet on your computer and they take it too.

Now I need to follow my own suggestion.

Pete

Pete

**GraemeCook** · 28th February 2019, 05:41 PM

Originally Posted by KBs PensNmore

.......The other thing is, it's better to be over insured than under, and make sure that it's new for old replacement.
Kryn

Absolutely critical; thanks Kryn

I keep an inventory, and about 20 years ago my shed was broken into a a Rupes sander (worth $800 1990's $$$$'s), a Zylis vice, set of Sidchrome spanners and sockets and some other tools were stolen. It was reported to Police and insurance replaced tools. About 15 years later I got a call from the Police - We have recovered your sander and vise, may we prosecute the thief? Their computer still listed the serial number of my Rupes sander!Later they dropped some charges as we could not prove that the Zylis vise was actually mine (no serial number or other identifiers). Then the insurer got involved - they had paid me out 15+ years earlier - and after the court case the recovered tools were donated to a school.

A good outcome.

Cheers

Graeme

**woodPixel** · 28th February 2019, 07:42 PM

Graeme, I do love a good solid entrapment and ending.

A while ago I had a camera stolen off me while on holiday. On the memory stick was a file called something like "README!!!!". The text file had my email and phone number, plus a note saying I'd pay full value for it if found. I had, like you, already lodged a police report and insurance claim.

The thief, foolishly, rang me. I agreed to the ransom, being very friendly (he'd found it for me!!!!) and willing to be oh-so-ever cooperative.

I rang the insurer, advised what I'd done and provided Mr Thief's details, and I remember a *very* serious bloke saying "Leave it with me".... a very serious bloke whose implied meaning was like the Gestapo or Stasi....

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