Insurance For Tools and Equipment

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charlie63
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Joined: Tue Dec 22, 2015 4:44 pm
Location: Edinburgh

Insurance For Tools and Equipment

Post by charlie63 »

Can anyone please point me in the right direction as to how I go about insuring my tools and equipment away from the house. Ive recently aquired a workshop away from my house which my Dexta is stored in and currently restoring. Ive moved all my tools and equipment in to the workshop i.e. sandblaster ,compressor, hydraulic press, pedestal drill, my welders and plasma cutter and all my handtools. Direct Line who I have my buildings and content insurance with are not interested as they are away from the house and strangely enough wouldnt pay out a few years back when our garage was broken into and compressor and some tools as well as our motocross bikes were stolen. I called NFU who wont insure anything as it is not a business. I would like to try and get something sorted ASAP.

oehrick
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Location: Norfolk Broads UK

Re: Insurance For Tools and Equipment

Post by oehrick »

Browse a copy of Model Engineer or Model Engineers Workshop at your local library (Newsagent) as they have (had ? I no longer subscribe) specialist workshop insurers advertising, although what the position with a remote workshop might be I don't know.

or

Electric fence pulser connected to all exterior metalwork.....................
Best regards
Rick - Bogside on Bure


1958 Diesel E1A Mk2 s/n 1470165 - still in working clothes

charlie63
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Location: Edinburgh

Re: Insurance For Tools and Equipment

Post by charlie63 »

Thanks for the information Rick. The second suggestion sounds a lot better to me lol.

oehrick
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Re: Insurance For Tools and Equipment

Post by oehrick »

Yes me too, unfortunately the scales seem weighed against defence of own Shark against bad dooers these days :curse:
Best regards
Rick - Bogside on Bure


1958 Diesel E1A Mk2 s/n 1470165 - still in working clothes

Brian
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Re: Insurance For Tools and Equipment

Post by Brian »

It seems strange that the NFU are not interested, most farms have some tools and kit in locations other than close to the farm house. I can think of at least four farms in this village but I suppose they are businesses.

They are pushing private house insurance at the moment.
Fordson Tractor Pages, now officially linked to: Fordson Tractor Club of Australia, Ford and Fordson Association and Blue Force.
Brian

oehrick
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Location: Norfolk Broads UK

Re: Insurance For Tools and Equipment

Post by oehrick »

Whatever did I type which the php nanny didn't like and replaced with 'shark' ??

Surely not an innocent word like stuff (ignore the numbers to see what I typed s2t87u99f69f)

I tried NFU for my car and they could insure it, but only as I already had the Major insured with them, so perhaps its having a toe in the door which over rides their 'not pushing for this sort of business' of the moment.

Remote workshop is probably a no brainer for insurers who used to aet the premium to match the risk, now they set the premium to match the profit required and only insure minimal risk things :cry:
Best regards
Rick - Bogside on Bure


1958 Diesel E1A Mk2 s/n 1470165 - still in working clothes

oehrick
Site Governance Team
Site Governance Team
Posts: 1239
Joined: Wed Jan 29, 2014 2:41 am
Location: Norfolk Broads UK

Re: Insurance For Tools and Equipment

Post by oehrick »

OK so it wasn't 'stuff' redacted :scratchhead:
Best regards
Rick - Bogside on Bure


1958 Diesel E1A Mk2 s/n 1470165 - still in working clothes

Riverdave
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Joined: Sun Mar 24, 2019 2:19 am

Re: Insurance For Tools and Equipment

Post by Riverdave »

if you have home owners insurance now it should cover some of your personal Shark away for your home its a percentage of the home coverage like if your home was insured for 200,000 then you could have 20,000 in coverage. I know it late but someone might need the info later.

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