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Blog entry by kosta posted 05-05-2009 04:40 PM 1028 reads 0 times favorited 8 comments Add to Favorites Watch

Yo whats up everybody I know evevrbody this week is talking about sharp spinning blades and dust. I thought i would bring up money. No people are losing their jobs and crime is rising. What does all this mean well people are becoming more and more desperate. That means you need to make sure that no of your tools walk off. Now in some areas of the US thats not really a problem. But fire is a big problem. You need to make sure that all of your tools are under your homeowners policy and if you have ever gotten money for anything you have built and your insurance company knows about then you will be considered a comerical business and if your house burns down you wont be able to get the money for your tools because you are not under a comerical policy. Now what i did was I saved all my receipts and took pictures of everything in my shop so if something happens I wont loose any money when I need replacement tools. If you ran any electrical in your shop make sure its to code because you can violate your homeowners policy if your electrical is not to code in your city.

8 comments so far

View a1Jim's profile


117126 posts in 3605 days

#1 posted 05-05-2009 04:51 PM

Sounds like a good plan

-- wood crafting & woodworking classes

View woodworm's profile


14468 posts in 3618 days

#2 posted 05-05-2009 05:54 PM

A good reminder too.

-- masrol, kuala lumpur, MY.

View Kindlingmaker's profile


2656 posts in 3554 days

#3 posted 05-05-2009 07:02 PM

Don’t store your pictures in your shop!

-- Never board, always knotty, lots of growth rings

View TraumaJacques's profile


433 posts in 3528 days

#4 posted 05-05-2009 09:19 PM

Some people have guard snakes is that not enough… just kidding good point Kosta.

-- All bleeding will eventually stop.

View chickenhelmet's profile


99 posts in 3340 days

#5 posted 05-05-2009 09:40 PM

Renter’s insurance works well for those who don’t own. It’s quite reasonable.

-- Larry , Colorado

View longgone's profile


5688 posts in 3336 days

#6 posted 05-05-2009 09:53 PM

I lost my house and home shop in 2005 to a flood so I realize the importance of insurance and receipts. So much of what i had was collected over 40+ years and some even older tools were handed down from my Dad. Many of these things you just do not have receipts for. Now, with a new shop and a new digital camera I photograph everything and keep all receipts and scan digital copies to a disc.

View SCOTSMAN's profile


5849 posts in 3613 days

#7 posted 05-05-2009 10:07 PM

I owned a supermarket once which burned to the ground electrical fault the insurance company did everything they could( a. ) not to pay the full amont and (B.) to delay payment for over a year during which your interest on your loans went up substantially by 30% they are shysters and make no mistake they will eventually whittle it down the told me I was under insured and paid out eventually 60 cents in the diollar or 60 pence to the pound fortunately I didn’t have all my eggs in one basket and survived but I never trusted them again or will ever.Alistair

-- excuse my typing as I have a form of parkinsons disease

View Dan Lyke's profile

Dan Lyke

1520 posts in 4152 days

#8 posted 05-05-2009 10:30 PM

I’ve put the serial numbers to my tools that have them on a web page. Hopefully if someone finds a “too good to be true” deal they’ll search on the serial numbers before they buy.

And I search on serial numbers before I buy used stuff.

-- Dan Lyke, Petaluma California,

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