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  1. #14
    Join Date
    Jul 2002
    Location
    Slacking off right now
    Posts
    7,546
    Quote Originally Posted by hvacker View Post
    If anyone carries some of their own tools they can be covered on a homeowners policy fairly cheap.
    When I worked for others mine were stolen once and the company covered it. But maybe because the van was on their property.

    yes sure rely on your home owners policy yeah right - get ready for the hosing of your life.

    1 my dad did make a claim after his personal tools were stolen from the service van parked outside his home (forced entry)

    the insurance co denied the claim as the van was not on the ppty but parked on the street ( a difference of 10ft)

    then they raised his premiums by 30% and raised his deductable from 300 dollars to 2,000 dollars

    you say well go find another insurance company yeah right!
    Now try to get another insurance company to take you on after making a claim


    read your home owners insurance policy carefully I'll bet there is severe limitations if not an all out exclusion for tools used for work
    www.vetopropac.com - The best tool bags on the market - The offical tool bag of choice by techs everywhere

    Arguing with some people is like wrestling a pig - eventually you realise the pig actually enjoys it

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  2. #15
    Join Date
    May 2004
    Location
    Rapid City, SD
    Posts
    7,415
    Quote Originally Posted by chadcar View Post
    My company supplies all tools. You need a meter? tell 'em. You need a wrench? tell 'em. You need a set of guages? ....
    I heard that when I was hired by a big world wide company too...
    Then I started... Then I needed some more tools... then I asked for tools.... then I got denied, blown off or ignored... then my personal tools came back onto my van

    My van is locked 99% of the time, and like it or not, they better be for replacing any of my tools that are stolen, lost or damaged.
    If they don't, they'll pay one way or another
    "If you call that hard work, a koala’s life would look heroic."

  3. #16
    Join Date
    Jun 2004
    Location
    Howell, Michigan
    Posts
    16,184
    Most insurance companies will not insure under your homeowners policy tools that you use to make a living with. A special rider (Inland Marine Policy) is needed.

  4. #17
    Thanks

  5. #18
    1 That Make things Happen 1. Those that make things happen.
    This is why these questions were Posted the company I work for wants to set up a company tool policy so I have been asked to find out what others have in place. In our field.

  6. #19
    Join Date
    Mar 2007
    Location
    Va
    Posts
    80
    We usually buy the big tools (hammer drills/sawzalls) stuff like that.

    The hand tools belong to the tech.

  7. #20
    Join Date
    Nov 2004
    Location
    Skokie , IL near chicago
    Posts
    1,145

    Smile tool info

    i worked for a large mech. contractor & here was our deal: they offered tool insurance at an unbelievable rate(low) , so that tookcare of breakins , that are out of control the last few years due to high powered battery tools and just plain brazen attacks on trade trucks. they supplied big ticket items , like v pumps , pressure washers , etc. and the more expensive meters. your duty to not abuse them & they repair when needed. most of us more experienced guys bought their own eqp't. so we could get better quality items of our own choise , and they would repair them or replace them , if needed. Please let me know if you want any more info , Jack

  8. #21
    Join Date
    Jun 2005
    Location
    Near Chicago, IL
    Posts
    3,317
    Quote Originally Posted by Norton750 View Post
    What kind of Tool Policy is the Standard for the HVAC industry or the Company where you are presently working?
    1. If your company truck is broken into and both the company issued tools are stolen and some or all of your personal tools are stolen who is responsible.
    2. If you are using your own tools on a Job and you break it; who is responsible to replace the tool.
    3. If you are using a company tool on a Job and you break it; who is responsible to replace the tool.
    Any input pertaining to tools and how your company manages this would be appreciated.
    1. Pesonal tools are not replaced by the company. One company tried to get the employee to claim company tools on the homeowner policy.

    2. It is your tool, so you replace it. I buy hand tools with a lifetime warranty when possible. I try to avoid using my own power tools on the job because the companies I have worked for will never fix/replace them (but, they gladly accept the time saved).

    3. I know some that have had the company suggest that the employee repair/replace the tool.

    Edit: Something a little more common in my neck of the woods is the company will replace your personal tools if they are damaged on the job. This is good for the company because they do not have to make the investment in the tools to do the job (they pass their expenses to the employee), and then can find ways not to follow through with their policy (or change it) if one of your tools breaks before they lay you off.
    Last edited by neophytes serendipity; 05-10-2008 at 01:38 PM.

  9. #22
    Join Date
    Nov 2006
    Posts
    523
    All tools are insured by my employer. I provide my own hand tools and they supply specialty big items. Stolen/broken they replace it.

  10. #23
    Join Date
    Feb 2005
    Location
    Barrie, Ontario
    Posts
    4,622
    A) wife
    B) wife
    C) wife

    I own everything I brought into this marraige, all of which is gone. She owns everything I've worked for since.
    Is this a Fabreze moment? C.Y.D. I'm voting white elephant. 2’.
    My competition are my best salespeople!

  11. #24
    Join Date
    Apr 2005
    Posts
    333
    After all these years I have purchased all my own tool;hand,meters, service, metal, power....You name it. My philosohy is if it's mine I will take good care of it. And it's a given that I won't loan them-period! As well- "have tools, will travel"
    meanwhile, back at the ranch.....

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