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tool insurance

im in process of updating equipment.
i have taken out policy with toolinsuranceonline.
i took out pliability with them which offers 1000 tool covering hand and powered. apparently this does not cover lawnmowers,this comes under plant .so i opted to take out 2500 cover for this also.
this covers me for tools/plant in van/locked garage,secured unit .
this seems great on paper . but im wondering has anyone any experience pf actually claiming . ?what does the insurance company ask for in terms of receipts and do they the match the equipment you have ?
any other pitfalls you guys aware off?

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  • Hi Paul, most insurance companies will ask for some form of proof of ownership (such as receipts etc.) However, it does depend on the price as well, for example if it's a very expensive piece of equipment then proof of ownership is usually mandatory.

    I hope that helps!

  • As David has already said but I would add the following:

    Make sure you mark your equipment for ease of identification and then photograph it (preference being date stamped)and keep the image with the receipt.

    Some insurance companies are better than others at paying out. Make sure you read the very small print as some will not cover you if the tools are left in the van under certain conditions. Mine states that it has to be in a manned car-park or secure compound if left unattended after work hours or not actually working on a job! The list is endless but NFU seem to be one of the better companies but at a price.

  • Its probably a bit late to ask these questions, now you've taken the policy out lol!!!

  • 14 day cancellation policy money back

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