Someone mention my home owners insurance might pick it up. What's the best way to notify the local pawn shops so that they can keep an eye for these items? I did file the report with local police department.
2007-09-09 13:19:15 · 12 answers · asked by L D 3 in Cars & Transportation ➔ Insurance & Registration
Auto policy will not cover your personal property in it. Check with your homeowners company. If the tools are used for business purposes there is going to be a limitation. The limitation will vary from 250 to 1000 depending on the company. If the tools are used for personal use only then you would have coverage on them under the homeowners policy.
2007-09-10 02:17:01 · answer #1 · answered by blb 5 · 0⤊ 0⤋
I know that you have to have a business pursuits rider on the homeowners to cover professional grade tools (regardless if they are for professional use or not) The shop insurance should cover all employee's property on the premesis until it is specifically written out. If your husband is having to supply his own tools, he may be listed as an independent contractor and would not be covered under the shop owners policy. You need to sit down with your insurance agent and find out how to make sure that your husband is covered. Also, find out from his boss if he is covered for Liability if he damages a car or doesn't put a tire on tight enough and it causes bodily injury to a person. This can get much more expensive than the 20,000 you are out right now.
2016-04-03 23:23:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Never will auto insurance cover that. The tools aren't part of the truck. You claim on your home insurance. If they are not listed on a rider, there will be a limit, assuming they are not used professionally, in which case you would need a commercial policy for them. The pawn shops aren't interested in talking to you, they get the lists of items to watch for from the police.
2007-09-09 13:44:30 · answer #3 · answered by Fred C 7 · 1⤊ 0⤋
Car insurance is for your car only (the ONLY other thing I have seen covered under your car insurance are child safety seats - & that is only if they were in an accident). Your tools will be covered by your homeowners policy, but this would be PERSONAL tools only. If they were your business tools you would have had to have a separate business policy just for your tools (commercial inland marine).
2007-09-09 23:26:45 · answer #4 · answered by Sue 6 · 0⤊ 0⤋
Don't expect either insurance to cover the cost. The tools are not part of the truck and Home Owners insurance covers the house and damages caused on the property (not theft).
2007-09-09 16:45:31 · answer #5 · answered by sensible_man 7 · 0⤊ 2⤋
You can check with your auto insurance carrier, I doubt they will cover the loss. Just the same if someone stole personal items from inside your vehicle such as CD's, purse, etc.. I agree the only thing that might cover your loss is your home owners coverage.
2007-09-09 13:28:04 · answer #6 · answered by meekless2001 4 · 2⤊ 0⤋
Your auto policy might cover it but it depends on how it is written. If your truck tool box is permanent (bolted down) it may cover the tools inside. However, it will more likely be covered under your homeowners policy. Your deductible will apply.
2007-09-09 16:50:52 · answer #7 · answered by Sar 2 · 1⤊ 1⤋
Your auto insurance will not cover this but your homeowners might. And if they do your premium will rise. Forget the pawn shops....waste of time and they won't care.
2007-09-09 18:07:37 · answer #8 · answered by bundysmom 6 · 0⤊ 0⤋
i have been surfing more than 4 hours today searching for answers to the same question, but I haven't found any interesting debate like this. It is pretty worth enough for me.
2016-08-24 15:15:23 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Tools are not part of your vehicle so there is no coverage under the automobile policy.
2007-09-09 14:11:02 · answer #10 · answered by Anonymous · 1⤊ 0⤋