For tradies there are generally three things that prevent them from working – getting sick, an injury and not having tools to do the job!
At just $15.38 per month for $5000 Tools Insurance it’s a great investment in your future…a continuous work future that is. Tools cover including damage to your tools due to a collision or roll over of your vehicle.
Tools insurance for tradies also covers them for damage due to flood, fire, lightning or explosions as well as malicious damage or vandalism. Naturally, a tradies tools are covered for theft, but only if the thief forced entry to your vehicle or your premise to steal them.
Ultimately, it is up to you to secure your tools, so if your tools are knocked off because you’ve left them unattended on a job site, you might find your Tools insurer is not be obligated to pay. Note, when it comes to a the value of tools, tradies should always list individual tools that are valued over $2000 on their Tool insurance policy.
Failing to list valuable tools may mean the payout is capped at $2000 regardless of their replacement value.
