Portable Hand Tools Insurance

Portable Hand Tools Insurance – Simple and straight forward?

If only, this is frequently completely misunderstood when it comes to motor trade insurance, with a bit of understanding on what a portable hand tools are will avoid any nasty surprises in the event of a loss.

So, what is a portable hand tool?

Lets start with the obvious, sockets, spanners and the contents of your tool box, simple yeah? No actually, the chances are that the value you put on the contents of your tool box is considerably more if you have a high proportion of high end quality, *Snap On, *MAC, *Facom etc.

Before assuming what you have in there, go and have a really good look… see those sockets you bought off the Snap On guy 10 years ago, what is their “replacement” cost now? Don’t forget as well that you need to base the sum insured on the cost as NEW.

Bet you have missed some things?

Hand Held diagnostic devices, pods etc are all portable hand tools when it comes to insurance of portable hand tools.

Hand Drills, Air or Electric power tools, yes these are all hand tools.

Tool Boxes

Yes really, most insurers will include these under the portable hand tools section of the policy – see that Snap On Roll Cab in the corner??? These can be serious money, into five figures!

Special Tools

Forgot about these, Okay, not all garages have them but if you do you know the replacement cost of them? You will be surprised, the fact that some of them are years old and hardly ever used is irrelevant really and has to be taken in to account.

Go and have a look

Every garage and body shop is different, yours included. When you have the opportunity have a really good look around, ask the tool rep next time he comes in to give you a replacement cost of all the tools he represents, he probably won’t thank you for that one but you may be surprised at the value.

*All brand names and other trading names respected.

Looking for Portable Hand Tools Insurance?

Let us look at your requirements for this type of cover, being specialist brokers to the sector we have instant access to all the motor trade insurance markets, we provide fast and competitive quotes tailored to your needs.

Nothing contained in this page constitutes advice. Insurance requirements differ with each business and professional advice must always be sought from a suitably qualified intermediary or insurance broker.

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