iainandsam

Just got our confirmation through the post from letton Percival and it states they will only insure tools of trade for £1,000.

Attached another sheet with the one they sent with an inventory costs including my OH tools (Carpentry) Put down a seperate amount of £3,000 and sent my cheque off for the percentage of the whole amount. Anyone else in same situ, what do you do about insuring for more?

Babsw

Still waiting for our confirmation to come through, but OH put down £2k for his tools so will be interested to see what comes back now.Same as you, carpentry tools and we've sent cheque off for percentage of whole amount, even took the most boring set off pictures ever of tool boxes!! Not sure what to do if they won't insure whole amount, guy never said anything about any max. cover when i rang him and i asked quite a bit about OHs tools.I'm sure i mentioned the amount to him.Will let you know as soon as I hear, in fact I'll email mon. to see how things are going.

coops432

uh oh my tools and box are valued at around £7k and still have loads more stuff to buy..

Not looking forward to quote when it's my time

Coops

iainandsam

Any news on insurance for tools Babs? I haven't called them yet must do that asap.

Babsw

just got the confirmation through now, they've insured Mike's tools for the full amount-£2000 so can't understand what's happened with yours?
Mike did say that they said they wouldn't insure the tools on a like for like replacement value so for eg. if you have a plane thats ten years old you get the cost of a plane thats ten years old and not what it would cost you to buy one now.
Mike did say his tools would cost more than £2k to replace fully but he was valuing them on this basis.Sorry,didn't realise this at the time as I was just reeling figures off to Letton.Hope this helps!