As a tradie, your tools are essential to getting the job done and losing them would be a disaster.
Thankfully, Portable Equipment insurance* is there to cover you for loss and damage to your tools and stock due to theft, fire and other perils listed in your policy wording.
But did you know that your insurer will request proof of ownership before they accept your claim?
Here are a couple of tips that’ll take away the pain in case you need to make a claim.
How to prove you own your tools
Even if you’re a stickler for your tool itinerary, equipment accumulates over time, and it’s hard to keep every receipt along the way.
Luckily, our Portable Equipment insurers generally accept other forms of evidence, such as:
- valuations
- owners or operating manuals
- and photographs.
So next time you buy a piece of equipment, remember to take a photo of the invoice and the of piece of equipment.
Keep in mind you will need to send them over before you make a claim. These photos should be stored and used as evidence of ownership of your portable equipment.
Take notes of what happened
If need to make a claim on your Portable Equipment policy, contact your insurance provider as quickly as possible after the incident. That way, the information is still fresh in your mind. If that’s not possible, write down as much information as you can. Key details like time, date, location, and a general description of what happened to what tools can help the insurance company assess the claim.
From there, you’re claim will be processed and you could get back the tools you need to get the job done in no time.
Getting your tools lost or stolen can be stressful. Luckily, your business insurance doesn’t have to be! Jump online or give us a call today to receive multiple quotes from selected leading New Zealand insurers and get covered in minutes.
* This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. © 2022 BizCover Pty Limited, all rights reserved. BizCover Limited is owned by BizCover Pty Ltd (ABN 68 127 707 975)
