The Covermytools insurance policy for tools provides all-risks protection for loss, damage or theft of hand tools and portable power tools in the UK or anywhere in the World for up to 30 days.
We can cover all of your tools up to a maximum limit of £10,000 per insured person, with no inner limit to the value of any-one-item.
Does Covermytools provide insurance for theft for unattended vehicles or buildings?
Absolutely, we recognise that many traditional insurance policies for tools exclude some of the most obvious risks. That’s why we developed our own exclusive scheme providing full cover for theft from unattended motor vehicles or a locked store or building.
As you would expect, we do require the vehicle or building to be locked, with keys removed for cover to apply.
The Covermytools policy provides cover for all types of hand operated tools and power tools, from drills, to angle grinders, belt sanders to chainsaws! Simply select the total replacement value of your tools and we can provide instant cover for up to £10,000 per insured person.
Claims are dealt with on a reinstatement basis. We will have the option to replace, repair or reinstate the damaged or lost tools, utilising our specialist tool replacement service. In the majority of cases, you will be issued with a voucher which can be redeemed instantly at our Approved Suppliers. Unfortunately, we do not offer a cash replacement option.
Tools Insurance Cover
A builder’s garage is broken into, with thieves stealing £7,000 of power and hand tools. The client contacts our claims centre and we arrange for replacement of the lost items immediately, allowing the client to keep operating his business.
What information do I need in the event of a claim?
Covermytools insurance policies are underwritten by Great American International Insurance DAC, part of the Great American Insurance Group (GAIG).
GAIG’s flagship company Great American Insurance Company, was founded in 1872 and has carried a “A”Rating or higher by A.M.Best for over 100 Years. The Group has assets in excess of $50 billion and over 7,500 employees worldwide.
9 Albany Park, Cabot Lane, Poole, Dorset, BH17 7BX
t. +44 (0)330 1240730